KFC's "Buckets for the Cure" program, which donated $0.50 for every $5 "pink" bucket of fried chicken purchased over a one-
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Answer:
other countries have a comparative advantage over Guatemala in the production of coffee, and Guatemala will import coffee.
Explanation:
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A country has comparative advantage in the production of a good or service If it produces the good or service at a lower opportunity cost when compared to its trading partners.
The price of Guatemala's coffee is higher when compared to the world price of coffee without international trade. It shows that Guatemala doesn't have a comparative advantage in the production of coffee. Guatemala should stop producing coffee and import instead. This would enable Guatemala focus more resocurces on the production of good for which it has comparative advantage.
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Answer and explanation:
Budgeted rooms to be sold next year: 80 × 75% × 365 = 21,900
a. Budgeted Departmental Contributory Income Statement
$ $
Rooms Department
Sales Revenue: [21,900 * $68.00] $1,489,200
Expenses
Fixed wages expense $186,000
Housekeeping expenses [21,900 * 0.5 *$9.00] 98,550
Subtotal $284,550
Fringe benefits: [18% *$284,550] 51,219
Other costs: [21,900 * $2.75] 60,225 (395,994)
Rooms Contributory income $1,093,206
Overnight guests: 80 rooms * 75% = 60 rooms occupied
40% * 60 = 24 rooms double occupied
84 overnight guests
Average breakfast guests: 80% *84 = 67.2 Guests
Snack bar sales revenue $
Breakfast: [67.2 * $6.50 *365] $159,432
Lunch: [50 * 1.5 * $8.95 * 365] 245,006
Dinner: [50 * 2.0 *$10.95 * 365] 399,675
Total Sales Revenue $804,113
Expenses [78% * $804,113] (627,208)
Snack Bar Contributory Income $176,905
Consolidated Motel Departmental Income Statement
Rooms Contributory Income $1,093,206
Snack Bar Contributory Income 176,905
Total Contributory Income $1,270,111
Less: Indirect, Undistributed Costs (580,800)
Budgeted Operating Income
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