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lesya692 [45]
3 years ago
15

Epicure Market prepares fresh gourmet entrees each day. On Wednesday, 80 baked chicken dinners were made at a cost of $3.50 each

. A 10% spoilage rate is anticipated. At what price should the dinners be sold to achieve a 60% markup based on selling price
Business
1 answer:
jenyasd209 [6]3 years ago
6 0

Answer:

The price of a Dinner= $6.22

Explanation:

<em>Mark-up is the proportion of the product cost which is expected to be made as profit. In other words, it is profit expressed as a percentage of product cost.</em>

To account for the spoilage rate of 10%, $3.50 unit cost would be consider as 90% of the cost. Thus, 100% of the cost would be given as follows:

Dinner cost = 100/(100-10)× 3.50= 3.89

The price of a Dinner = product cost + 60% of product cost

The price of a Dinner = 3.89 + 60%*3.89= $6.22

The price of a Dinner= $6.22

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Which one of the following is a characteristic of an oligopoly​
kotegsom [21]

Answer:

a small number of firms selling a homogeneous or a differentiated product

Explanation:

if this is one of the choices this is correct

6 0
3 years ago
Read 2 more answers
Lauren's salary decreases from $ 37,000 to $ 30,000 . She decides to reduce the number of outfits she purchases each year from 2
nikklg [1K]

Answer:

E=-4.0746

Explanation:

Using the midpoint method, Lauren's income elasticity of demand for new outfits is determined by the change in income multiplied by the average number of outfits, divided by the change in the number of outfits multiplied by the average income:

E=\frac{\Delta I*O_{avg}}{\Delta O*I_{avg}}\\E=\frac{(37,000-30,000)*\frac{20+19}{2}}{(19-20)*\frac{37,000+30,000}{2}}\\E=-4.0746

Her income elasticity of demand for new outfits is -4.0746.

8 0
3 years ago
All of the following are costs (fees) associated with checking accounts except
Lady bird [3.3K]
A A monthly maintenance fee (sometimes called a monthly service fee) is money a bank charges you for working with the company. The fee is usually automatically withdrawn from your account each month. In some cases, you'll pay the fee no matter what. But many banks let you waive the fee if you meet certain requirements.
5 0
3 years ago
The following information is available for Ivanhoe Company. April 1 April 30 Raw materials inventory $10,500$14,000 Work in proc
Fiesta28 [93]

Answer and Explanation:

The preparation of the cost of goods manufactured schedule for the month of April is presented below

Beginning work-in-process inventory                          $4,840

Manufacturing costs:

Direct materials:                                                  

Beginning inventory                                   $10,500

Purchases                                                    $97,700

Materials available                                      $108,200 

Less:  Ending inventory                              -$14,000

Direct materials used                                                             $94,200

Direct labor                                                                             $80,300

Manufacturing overhead                                                       $162,000

Total manufacturing costs:                                                     $336,500

Total costs of work-in-process                                                $341,340

                                                                               ($4,840 + $341,340)

Less:  Ending work-in-process                                                -$3,700

Cost of goods manufactured                                                   $337,640

Basically we simply the cost of goods manufactured formula

3 0
3 years ago
Marketing strategy involves the activities of selecting and describing one or more target markets and developing and maintaining
Nata [24]

Answer:

The statement is true

Explanation:

Marketing strategy is the strategy which is defined as all of the marketing objective as well as goals of the company combined into a one or a single comprehensive plan. It is the one which develop and create marketing mix.

It is designed in order to develop or promote the good and service so that the business could earn or make profit.

So, the statement is true as it is stating that the strategies involve selecting activities and define 1 or more target markets. Also maintain and develop the marketing mix.

4 0
3 years ago
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