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1. A newly opened food chain estimates to serve 200 customers a day, with an average consumption or basket size of P150. The establishment operates 25 days a month. Fixed cost for operational expenses at P25,000 a month while labor and material cost is P120 per customer served. Determine if the establishment is profitable, how much is the daily profit? How many customers per day must be served to

1. A newly opened food chain estimates to serve 200 customers a day, with an average consumption or basket size of P150. The establishment operates 25 days a month. Fixed cost for operational expenses at P25,000 a month while labor and material cost is P120 per customer served. Determine if the establishment is profitable, how much is the daily profit? How many customers per day must be served to

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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1. A newly opened food chain estimates to serve 200 customers a day, with an average consumption or basket size of P150. The establishment operates 25 days a month. Fixed cost for operational expenses at P25,000 a month while labor and material cost is P120 per customer served. Determine if the establishment is profitable, how much is the daily profit? How many customers per day must be served to
Transcribed Image Text:1. A newly opened food chain estimates to serve 200 customers a day, with an average consumption or basket size of P150. The establishment operates 25 days a month. Fixed cost for operational expenses at P25,000 a month while labor and material cost is P120 per customer served. Determine if the establishment is profitable, how much is the daily profit? How many customers per day must be served to
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