Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Expenses for a Pizza restaurant include raw material for pizza at $4.00 per slice, $107.00 as monthly rental and $33.00 monthly as insurance. Lost sale

Expenses for a Pizza restaurant include raw material for pizza at $4.00 per slice, $107.00 as monthly rental and $33.00 monthly as insurance. Lost sale expense is considered to be $6.00 per unhappy customer. Leftover Pizza can be sold for $3. The restaurant is open 25 days in a month.

Today the restaurant prepared 200.00 pizza slices and sells them for $11.00/slice. There was a party at a nearby office so the demand for pizza went up to 217.00 slices. How much profit did the restaurant earn today?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting Information for Decisions

Authors: John Wild

7th edition

78025893, 978-0078025891

More Books

Students also viewed these Accounting questions

Question

1. To understand how to set goals in a communication process

Answered: 1 week ago