When raising prices they need to be careful because it may drive customers away and when lowering them they need to make sure they are still making profits.
Answer:
Total profit= $397.33
Explanation:
Giving the following information:
A vendor prepares 100.00 hotdogs every day and sells at $20.00/piece.
For each hot dog:
$12.00 in the raw material.
$1.00 for packing each hotdog
Monthly
$50.00 on truck rent.
$20.00 on electricity.
$10.00 on other expenses.
Total= 80
Lost sale is taken as $1 per unhappy customer.
Leftover hotdogs can be sold for $5.00/piece.
On a particular day in June it rained heavily so the vendor was able to sell only 80.00 hot dogs
Sales= 80*$20+20*$5= $1700
Variable costs= (12*100+1*100)= 1300
Fixed costs= $80/30= 2.67
Total profit= 1700 - 1300 - 2.67= $397.33
Answer: $6,285.71
Explanation:
$10,000 to be invested.
The portfolio expected return is a weighted average of the two stocks.
Preferred return = 12.4%
1,240 = 0.15X + 800 - 0.08X
1,240 -800 = 0.07X
0.07X = 440
X = $6,285.71
Invest $6,285.71 in Stock X.
Answer:
b. 9.75%
Explanation:
Partner Return on equity = Partnership income = $6,250
Average partner's equity =
Average partner's equity =
Average partner's equity = $58,500
Return on Equity =
Return on Equity =
Return on Equity = 10.68%
*All the options re inconsistent with data given, Original question is attached with this answer please find that. The following answer is made accordingly.
Partner Return on equity = Partnership income = $5,750
Average partner's equity =
Average partner's equity =
Average partner's equity = $59,000
Return on Equity =
Return on Equity =
Return on Equity = 9.75%