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.
An excise tax is a <span>federal and/or state tax on specific goods like gasoline, tires, airfare, or cigarettes. Excise taxes are most always included in the price of the product.</span>
Explanation:
the benefits of a savings account is to be secure from thief
Answer:
D) $82,480
Explanation:
The computation of the amount of inventory destroyed is shown below:-
Cost of Goods available for sale
= Beginning Inventory + Inventory purchased
= $215,450 + $192,530
= $407,980
Cost of Goods Sold = Sales - Gross profit
= $542,500 - ($542,500 × 40%)
= $325,500
The Estimated amount of inventory destroyed
= Cost of Goods available for sale - Cost of goods sold
= $407,980 - $325,500
= $82,480