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
Lunna [17]
3 years ago
9

Special Order Nature's Garden, a new restaurant situated on a busy highway in Pomona, California, specializes in a chef's salad

selling for $7. Daily fixed costs are $1,200, and variable costs are $4 per meal. With a capacity of 800 meals per day, the restaurant serves an average of 750 meals each day. (a.) Determine the current average cost per meal. Round your answer to two decimal places. $Answer (b.) A busload of 30 Girl Scouts stops on its way home from the San Bernardino National Forest. The leader offers to bring them in if the scouts can all be served a meal for a total of $150. The owner refuses, saying he would lose $0.60 per meal if he accepted this
Business
1 answer:
Bond [772]3 years ago
3 0

Answer:

a.

Average cost per meal = Variable cost per meal + Fixed cost allocated to one meal sold = $4 + Total fixed cost/ Number of meals sold per day = $4 + 1,200/750 = $5.60.

b.

Price per one meal as per the leader of the Scout = 150/30 = $5

As the selling price is $0.60 lower than the average cost per meal ($5-$5.60), the owner has come up with the loss of $0.60 per meal served under the Scout leader's suggestion.

However, his calculation is not reasonable, because among the $5.60 cost per meal, there is a factor of allocated fixed cost equals to $1.6 per meal which will incurred regardless of the suggestion being accepted or not.

Given his restaurant does not run at full capacity, his profit per one meal from accepting the offer should be calculated as Price per one meal as per Scout leader offer - Variable cost per one meal = $5 - $4 = $1.  

Explanation:

You might be interested in
Approximately how much should be accumulated by the beginning of retirement to provide a $2,500 monthly check that will last for
makkiz [27]

Answer:

B. $323,900.00

Explanation:

Nper = 300 periods

Rate = 8%/12

FV = 0    

PMT = $2500  

Amount to be Accumulated = PV(Rate,Nper,PMT,FV)

                                               = PV(8%/12,300,2500,0)

                                               = $323911.31

Therefore, The amount to be accumulated by the beginning of retirement to provide a $2,500 monthly check that will last for 25 years is $323,900 .

7 0
3 years ago
In which type of economy would both private businesses and the government influence the factors of production, and why
pashok25 [27]

A mixed economy is where both private businesses and the government influence the factors of production.

3 0
2 years ago
Analysis reveals that a company had a net increase in cash of $22.420 for the current year. Net cash provided by operating activ
antoniya [11.8K]

Answer: 4,840

Explanation: Analysis reveals that a company had a net increase in cash of $22,310 for the current year.

Therefore,

The year-end cash balance -  the beginning cash balance = $22,310

The beginning cash balance = The year-end cash balance - $22,310

The year-end cash balance is $27,150

The beginning cash balance =  $27,150 - $22,310 = $4,840

8 0
2 years ago
A five-sided lot has the following dimensions: side A = 44', side B = 67', side C = 91', side D = 18', and side E = 55'. What is
enyata [817]

Answer:

275

Explanation:

You will add all the figures;that is;44+67+91+18+55=275

5 0
3 years ago
________ company emphasizes its home country culture throughout its operations, and it tends to staff key positions abroad with
photoshop1234 [79]

Answer:

The correct answer is letter "C": An ethnocentric.

Explanation:

An ethnocentric company is the type of organization that promotes the culture of its own culture among employees and focuses on providing local workers with the best opportunities possible so they can be competitive. These firms have a nationalistic approach and have the main goal of contributing to their country's development.

7 0
3 years ago
Other questions:
  • Lenore, Inc. gathered the following information from its accounting records and the October bank statement to prepare the Octobe
    5·1 answer
  • Tem Co. issued rights to its existing shareholders without consideration. A shareholder received a right to buy one share for ea
    8·1 answer
  • EXCESS CAPACITY Williamson Industries has $7 billion in sales and $1.944 billion in fixed assets. Currently, the company’s fixed
    14·1 answer
  • The desire of businesses to ____________, so that they can raise the prices that they charge and earn higher profits, has been w
    11·1 answer
  • "financing activities" Creative Sound Systems sold investments, land, and its own common stock for $35.0 million, $15.5 million,
    9·1 answer
  • Which of the following will decrease the aggregate quantity of output supplied?
    8·1 answer
  • Sandpiper Company reported the following year-end amounts: Beginning Inventory $22,950 Net Cost of Purchases 101,250 Ending Inve
    6·1 answer
  • Checkers uses the periodic inventory system. For the current month, the beginning inventory consisted of 7,200 units that cost $
    5·1 answer
  • 5) Si tuvieras que hacer un presupuesto de Ingresos y uno de Gastos ¿Cuál harías primero y que te sirva de base para hacer el ot
    5·1 answer
  • You are the head of the central bank and you want to maintain a 2 percent long-run inflation rate. Suppose that velocity is cons
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!