Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Expenses for a Pizza restaurant include raw material for pizza at $6.00 per slice, $106.00 as monthly rental and $40.00 monthly as insurance. Lost sale

Expenses for a Pizza restaurant include raw material for pizza at $6.00 per slice, $106.00 as monthly rental and $40.00 monthly as insurance. Lost sale expense is considered to be $5.00 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 $14.00/slice. There was a party at a nearby office so the demand for pizza went up to 220.00 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_2

Step: 3

blur-text-image_3

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

Accounting Essentials For Hospitality Managers

Authors: Chris Guilding

3rd Edition

0415841097, 978-0415841092

More Books

Students also viewed these Accounting questions

Question

What are some sources of ethical guidance?

Answered: 1 week ago