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.

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.

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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