Don't use ai given answer accounting questions A food cart prepares 150 sandwiches every day and sells them at$15/piece. For each sandwich, they spend $8 on ingredients.Additionally, they spend $0.75 for packaging each sandwich andmonthly $60, $25, and $15 for cart rent, utilities, and miscellaneousexpenses respectively. Lost sales are charged at $1.50 per unhappycustomer. Leftover sandwiches can be sold for $4/piece. On aparticularly cold day in December, they were able to sell only 120sandwiches. Determine the vendor's profit for that day. Assumethere are 30 days in the month.

Step 1: Definition of Profit CalculationProfit is the total revenue minus the total costs incurred.…

Answered: A food cart prepares 150 sandwiches…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

A vendor prepares 100 hotdogs every day and sells them at $20/piece. For each hot dog, he spends $12 on the raw material. Additionally, he spends $1 for packing each hotdog and monthly $50, $20, and $10 for food truck rent, electricity, and other expenses respectively. Lost sales are taken as $1 per unhappy customer. Leftover hotdogs can be sold for $5/piece. On a particular day in June, it rained heavily so the vendor was able to sell only 80 hot dogs.Determine the vendor's profit for that day. Assume there are 30 days in the month.[Financial Account][5]
A Restaurant is open only for 25 days in a month. Expenses for the restaurant include raw material for each sandwich at $6.00 per slice, $1,224.00 as monthly rental and $431.00 monthly as insurance. They consider the cost of lost sales as $6.00 per item. They are able to sell any leftover sandwiches for $3. They prepares 200.00 sandwiches and sells them at a rate of $11.00/sandwich. Today there was a party at nearby office so the demand for sandwiches rose to 225.00. How much profit did the restaurant earn today? Submit Answer format: Currency: Round to: 0 decimal places.
Can you please give me correct answer the general accounting question?
A bakery shop sells a cake. The case must be baked at the beginning of the day. Each unit of cake costs $28 and can be sold for $59. The shop will donate any unsold units for charity. The owner of the shop too many shortages is not desirable. She assumes that there is a penalty cost of $11 for each unit of shortage. Suppose the shop bakes 71 units of cakes at the beginning of the day (before the shop is open). The demand for the cakes turns out to be 62 units. What is the profit for the day? Please show calculation in details
help with E, H, and I please
Teddy Dog Food Incorporated (TDFI) currently makes and sells one type and size of dog food, a 16 ounce bag of all-natural freeze-dried chicken. TDFI sells each bag of food for $10. The Variable Expense per bag of food is $6. Fixed Expenses per month total $300. If TDFI sells three extra bags of dog food, by how much does TDFI's overall profit increase? Omit the dollar sign in your answer.
A grocery store orders frozen pies in batches from a bakery and sells them in the grocery store. Storing one frozen pie for a year costs $0.85. When the grocery store reorders pies, there is a fixed cost of $8.05 per order as well as $1.15 per pie. Each year, they sell 3500 frozen pies. What is the optimal number of pies to order in each order to minimize their total inventory costs.
Sammy's Sammies sells two kinds of sandwiches: regular and deluxe. Each regular sandwich costs $1 to make and each deluxe sandwich costs $2 to make. On average, Sammy's has 5 regular and 10 deluxe sandwiches in inventory and 0.5 days-of-supply. What is Sammy's average daily cost of goods sold?
A restaurant selling hamburgers has fixed costs of $11,975 and sells the burgers for $4.50 each. The restaurant breaks even when making and selling 2,860 burgers. What is the restaurant's break-even point?
You are a newsvendor selling San Pedro Times every morning. Before you get to work, you go to the printer and buy the day’s paper for $0.35 a copy. You sell a copy of San Pedro Times for $130. Daily demand is distributed normally with mean =300 and standard deviation=60. At the end of each morning, any leftover copies are worthless, and they go to the recycle bin. How many copies of San Pedro Times should you buy each morning? (Use the excels NORMSINV( ) function to find the critical value for the given a-level, (Round you z-value to 2 decimal places and final answer to 2 decimal places.) Optimal order quantity = Based on a, what is the probability that you will run out of stock? ( Round to nearest whole number) Probability =
The 35-pound bag of dog food is regularly $37.99. It's on sale for $7.00 off. The 30-pound bag of dog food is regularly $32.99, but it's on sale for 15% off. Which bag will give you more for your money and what is the unit cost?
Wholemark is an Internet order business that sells one popular New Year's greeting card once a year. The cost of the paper on which the card is printed is $0.05 per card, and the cost of printing is $0.15 per card. The company receives $2.15 per card sold. Since the cards have the current year printed on them, unsold cards have no salvage value. Its customers are from the four areas: Los Angeles, Santa Monica, Hollywood, and Pasadena. Based on past data, the number of customers from each of the four regions is normally distributed with a mean of 2,000 and a standard deviation 500. (Assume these four are independent.) What optimal production quantity for the card? is

SEE MORE QUESTIONS

Recommended textbooks for you

FINANCIAL ACCOUNTING

Accounting

ISBN:

9781259964947

Author:

Libby

Publisher:

MCG

Accounting

ISBN:

9781337272094

Author:

WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.

Publisher:

Cengage Learning,

Accounting Information Systems

Accounting

ISBN:

9781337619202

Author:

Hall, James A.

Publisher:

Cengage Learning,

FINANCIAL ACCOUNTING

Accounting

ISBN:

9781259964947

Author:

Libby

Publisher:

MCG

Accounting

ISBN:

9781337272094

Author:

WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.

Publisher:

Cengage Learning,

Accounting Information Systems

Accounting

ISBN:

9781337619202

Author:

Hall, James A.

Publisher:

Cengage Learning,

Horngren's Cost Accounting: A Managerial Emphasis…

Accounting

ISBN:

9780134475585

Author:

Srikant M. Datar, Madhav V. Rajan

Publisher:

PEARSON

Intermediate Accounting

Accounting

ISBN:

9781259722660

Author:

J. David Spiceland, Mark W. Nelson, Wayne M Thomas

Publisher:

McGraw-Hill Education

Financial and Managerial Accounting

Accounting

ISBN:

9781259726705

Author:

John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles

Publisher:

McGraw-Hill Education

SEE MORE TEXTBOOKS