Question
Suppose fixed costs were expected to remain at $10,000 per year (180 operational days) and income taxes were expected to be 20%. On a typical
Suppose fixed costs were expected to remain at $10,000 per year (180 operational days) and income taxes were expected to be 20%. On a typical day, Cat and Joe would serve 125 customers. And 75 would order the Ripped Pig sandwich, 25 would order Pork Tacos and 25 customers would order Mac and Cheese Pulled Pork.
Combine the sales prices and variable costs given above, calculate the following items per day. (1) sales per day (2) variable cost per day (3) fixed cost per day (4) tax per day (5) net income per day Please write your answer in the space below and show your calculations.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started