All categories

3 years ago

Sophia's Restaurant served 5,000 meals last quarter.

Business

1 answer:

aalyn [17]3 years ago

4 0

Answer:

Explanation:

Variable costs:

Ingredients used=$14,000

Direct labor=$10,500

Indirect materials and supplies=$5,300

Utilities=$1,700

Total Variable costs=$31,500

Fixed costs:

Managers' salaries=$22,000

Rent=$18,000

Depreciation on equipment (straight-line, time basis)=$2,000

Other fixed costs=$3,000

Total Fixed cost=$45,000

Total Cost = Total Variable cost + Total Fixed cost=

=31,500+45,000 = $76,500

Unit costs = Total cost / Number of meals = 76,500/4,500 = $17

You might be interested in

Determine whether each of the following topics would more likely be studied in microeconomics or macroeconomics. The effect of g

DaniilM [7]

Answer: See explanation

Explanation:

We should note that microeconomics deal with a particular sector in the economy and not the whole sector. Macroeconomic deals with the whole economy and looks at ways by which the decisions of government have an effect on the whole economy.

Based on the above explanation, the answer is provided below:

• The effect of government regulation on a monopolist's production decisions= Microeconomics

• The effects of government tax policy on long-term economic growth = Macroeconomics

• The optimal interest rate for the Federal Reserve to target = Macroeconomics

4 0

2 years ago

Choose all that apply. Select each of the costs or consequences of being financially irresponsible. having a low credit score ea

Aleksandr [31]

I feel all can apply?
hope this helped?! :/

8 0

3 years ago

Read 2 more answers

Anderson Manufacturing Co., a small fabricator of plastics, needs to purchase an extrusion molding machine for $180 comma 000

vlabodo [156]

Answer:

1st 46,398.83

2nd 49,646.74

3rd 53,122.02

4th 56,840.56

5th 60,819.40

Explanation:

given a growing annuity we have to solve for the installement

$FV = \frac{1-(1+g)^{n}\times (1+r)^{-n} }{r - g}$

FV = PV (1+r)^5 = 180,000 x 1.14^5 = 346,574.62

grow rate 0.07

interest rate 0.14

n = time 5

$346,574.62 = C \times \frac{1-(1+0.07)^{5}\times (1+0.14)^{-5} }{0.14 - 0.07}$

C = 46398.8284

Now, to determiante the subsequent payment we multiply by the grow rate of 1.07

6 0

3 years ago

"Holly, Inc. is a U.S.-based MNC contemplating the acquisition of a Thai firm which will be used to produce computers that will

olga55 [171]

Answer:

Holly; more

Explanation:

In this secanrio we have two firm Holly Inc and Molly inc. Holly inc is interested in acquiring a company in Thailand that produces computers and sells them within Thailand.

Molly Inc on the other hand wants to acquire a Thailand company that will produce computers and export them.

Holly Inc is more sensitive to the economic conditions of Thailand because they want to contribute to the country's GDP and growth by selling computers in Thailand.

Molly Inc however is using Thailand for its production and exporting the computers. It does not contribute to the Thailand economy.

5 0

3 years ago

Examples of transaction costs include (check all that apply): A. the cost of the externality. B. the cost of monitoring an agr

Paha777 [63]

Answer:

The correct answer is option B, C, and E.

Explanation:

Transaction cost refers to the cost incurred on resources and time necessary for facilitating exchange of goods and services.

Among the given options, the examples of transaction cost is cost of monitoring an agreement, the cost of drafting a contract or agreement, and the time required to negotiate an agreement.

All these costs are incurred in order to facilitate exchange of goods and services.

The problem of externalities can have efficient private solution if these transaction costs are low otherwise the governement has to intervene to efficiently allocate resources.

3 0

3 years ago