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sergey [27]
3 years ago
14

Katie dough is a successful dentist and a wonderful pastry chef. she earns $800 a day on average in her dental practice. her fri

ends often cajole her into preparing mouth-watering pastries for their weekend card parties rather than using the catering service that charges the group $100 to prepare the pastries. if she makes the pastries, she must find time in her busy day to do so instead of practicing dentistry. should katie agree to make pastries for her friends?
Business
1 answer:
GaryK [48]3 years ago
3 0

Answer:

No

Explanation:

Katie's opportunity cost is too high. She is giving up more money at the dental practice than the $100 she would be saving by making the pastries from hand instead of ordering them from the caterer. The group should continue to order the pastries and split the cost among all the friends so each person's share is lower.

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pryor frosted flakes company offers its customers a pottery cereal bowl if they send in 4 boxtops from flakes boxes and $1.00. T
trasher [3.6K]

Answer: $30,000

Explanation:

Company estimates that 60% of boxtops will be redeemed.

They sold 500,000 boxes

= 500,000 * 60%

= 300,000 boxtops will be sent in.

So far, 220,000 have been sent in. How many left;

= 300,000 - 220,000

= 80,000 boxtops are still to be sent in

4 boxtops are needed to receive a pottery bowl so with 80,000;

= 80,000/4

= 20,000 pottery bowls are due to be issued.

Each bowl costs $2.50 to make.  Customers will send in $1 however so effectively it will cost the company;

= 2.50 - 1

= $1.50

With 20,000 still left to be issued, each costing $1.50, the total liabilitiy for outstanding premiums to be recorded at the end of 2007 is;

= 20,000 * 1.5

= $30,000

4 0
3 years ago
A local pizzeria hires college students to make pizza, wait on tables, take phone orders, and deliver pizzas. For each situation
Colt1911 [192]

The demand for pizza increases because In this task, we need to explain whether the demand for student employees would increase, decrease or remain constant in different scenarios.

Demand for labor is the total demand for working hours (workers) that is derived from the demand of a firm's total output.

Cost of employees increases because the minimum wage rises

Therefore, when the minimum wage for student employees increases, the marginal cost of labor increases.

<u>Therefore, the </u><u>demand </u><u>for student employees would decrease.</u>

<h3>what is Demand ?</h3>
  • Demand refers to the consumer's desire to purchase a particular product or service.
  • Market demand is the demand for a particular good in the market.
  • Aggregate demand refers to the overall demand for goods and services in any economy.
  • The matching of supply and demand determines the price of goods or services, Understanding the concept of demand.
  • Demand is an economic concept that refers to consumers' desire to purchase goods and services and their willingness to pay a particular price for them.
  • The Law of Demand is an economic principle that  consumer demand for a commodity increases when prices fall and decreases when prices rise.
  • The law of demand comes into play during Black Friday sales, when consumers rush to buy products at deep discounts.

to learn more about Demand  from the given link :

brainly.com/question/14456267

#SPJ4

4 0
2 years ago
A bank has three assets. It has $75 million invested in consumer loans with a three-year duration, $39 million invested in T-bon
dalvyx [7]

Answer:

A. 6.50 years

Explanation:

Let C represent consumer loans,

T represent T-bonds and

t  represent T-bills

Portfolio duration = wC*dC + wT*dT + wt*dt

w = weight of...

d= duration of ....

Find the weights;

Total amount invested = 75 + 39 + 18 = 132 mill

wC = 75 / 132 = 0.5682

wT = 39 / 132 = 0.2955

wt = 18 /132 = 0.1364

Portfolio duration = (0.5682*3) +(0.2955*16) + (0.1364*0.5)

= 1.7046 + 4.728 + 0.0682

= 6.50 years

7 0
3 years ago
The CEO of RV USA is trying to estimate sales based on a budgeted target profit before taxes of $150,000. If unit contribution m
vampirchik [111]

Answer:

The number of RVs must be sold to attain the target profit before taxes: 130 units

Explanation:

The number of units must be sold to meet the target profit figure are calculated by using following formula:

The number of units must be sold = (Total fixed cost + Targeted profit) / Contribution margin per unit.

RV USA estimates target profit before taxes of $150,000. Unit contribution margin is $5,000 and fixed costs are $500,000.

The number of units must be sold = ($500,000 + $150,000)/$5,000 = 130 units

8 0
3 years ago
Room ideas!!
galben [10]

Answer:

ok

Explanation:

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7 0
3 years ago
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