1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
MrMuchimi
3 years ago
10

Assume that you plan to open a soft ice-cream franchise in a resort community during the summer months. Fixed operating costs fo

r the three-month period are projected to be $9,800. Variable costs per serving include the cost of the ice cream and cone, $0.76, and a franchise fee payable to Austrian Ice, AG, $0.24. A market analysis prepared by Austrian Ice indicates that summer sales in the resort community should total 24,000 units. Determine the price you should charge for each ice cream cone to achieve a $25,000 profit for the three-month period. Round answer to two decimal places.
Business
1 answer:
ziro4ka [17]3 years ago
6 0

Answer:

$2.45

Explanation:

Fixed cost = $9,800

Variable cost:

= Units sold × (cost of the ice cream and cone + franchise fee)

= 24000 × ($0.76 + $0.24)

= $24,000

So,

total cost = Fixed cost +  Variable cost

               = $9,800 + $24,000

               = $33,800

Profit = $25,000

Now,

Sales = $58,800

Sales unit = 24,000

So,

Sales price per unit:

= $58,800 ÷ 24,000

= $2.45

Hence, the price one should charge for each ice cream cone to achieve a $25,000 profit for the three-month period is $2.45.

You might be interested in
Cheryl's Cookies has decided to create a charity that ships cookies to soldiers stationed in Syria. The soldiers could request t
Bess [88]

Answer: Option B : Accessible

Explanation: The segment might not be accessible because of the inability to deliver the cookies in war zones as this area cannot accommodate most delivery forms.

7 0
2 years ago
I have been struggling with quizzes
Rudiy27

Answer:

same here

Explanation:

6 0
3 years ago
Read 2 more answers
Which of the following costs is a mixed cost?
koban [17]

Answer:

3. Rental costs of $5,000 per month plus $.30 per machine hour of use

Explanation:

Mixed cost is the one which has both the factors, variable and fixed.

Sometimes, the segregation is also difficult, when the total cost is given.

In the chosen option also, there is a fixed cost involved that is monthly expense of $5,000.

Further for each hour of machine used the cost increases and is $0.30 per hour.

That is variable as the total will depend upon the number of hours the machine is used.

All the other three are either completely fixed like salary, and depreciation, or either completely variable like electricity cost.

7 0
2 years ago
Can I get an example of a run on sentence
Marta_Voda [28]
 An example of a run on sentence is: I love to do gymnastics I would do it every single day if I could.
8 0
3 years ago
Read 2 more answers
Yang Corporation starts a foreign subsidiary on January 1 by investing 25,000 rand. Yang owns all of the shares of the subsidiar
Lisa [10]

Answer:

$3,000 credit

Explanation:

Given the followin currency exchange rates for 1 rand are as follows:

January 1 $0.25 = 1 rand

Average for the year 0.28 = 1

December 31 0.31 = 1

Net income conversion Investment using January 1 rate = 50,000 rand × $0.25 = $12,500

Net income conversion Investment using December 31 rate = 50,000 rand × $0.31 = $15,500

Credit (Debit) = $15,500 - $12,500 =$3,000

Therefore, the translation adjustment that Yang will report at the end of the current year is $3,000 credit since the difference is positive.

4 0
3 years ago
Other questions:
  • American tourister, inc.--a producer of luggage--is planning to introduce a new product line. the marketing manager is having he
    15·1 answer
  • As part of a major plant renovation project, the industrial engineering department has been asked to balance a revised assembly
    11·1 answer
  • Sales for boxes of Girl Scout cookies over a 4-month period were forecasted as follows: 100, 120, 115, and 123. The actual resul
    14·2 answers
  • A purchase order is created by the accounting department. <br> a. True <br> b. False
    7·1 answer
  • As the level of activity increases, how will a mixed cost in total and per unit behave? In Tota Per UnitA) Increase DecreaseB) I
    7·1 answer
  • Start is to begin, employ is to -----.
    9·2 answers
  • What is social objective mean?
    7·1 answer
  • ADDDDDDDDDDDDDDDDDDDDDDDDDDDDD MEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE
    13·1 answer
  • Sociological approach to enterpreneurship​
    13·1 answer
  • John's company makes a great product and customers are happy with their purchases. Unfortunately, few potential customers visit
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!