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, $103.00 as monthly rental and $50.00 monthly as insurance. Lost sale

image text in transcribed
Expenses for a Pizza restaurant include raw material for pizza at $6.00 per slice, $103.00 as monthly rental and $50.00 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 $15.00/slice. There was a party at a nearby office so the demand for pizza went up to 214.00 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

A Framework For Internal Auditings Entity Wide Opinion On Internal Control

Authors: Wanda A. Wallace, Thomas White

1st Edition

0894135317, 978-0894135316

More Books

Students also viewed these Accounting questions

Question

6. Explain the strengths of a dialectical approach.

Answered: 1 week ago