Can you please solve this accounting question ? A vendor prepares 100 hotdogs every day and sells them at $20/piece. For each hotdog, he spends $12 on the raw material. Additionally, he spends $1 for packing eachhotdog and monthly $50, $20, and $10 for food truck rent, electricity, and otherexpenses respectively. Lost sales are taken as $1 per unhappy customer. Leftoverhotdogs can be sold for $5/piece. On a particular day in June, it rained heavily so thevendor was able to sell only 80 hot dogs.Determine the vendor's profit for that day. Assume there are 30 days in the month.

Step 1: Define Lost SalesLost sales refer to a seller not being able to respond to customers' demand…

Answered: A vendor prepares 100 hotdogs every day…

Principles of Accounting Volume 2

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ISBN:9781947172609

Author:OpenStax

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Chapter10: Short-term Decision Making

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Problem 6EB: Country Diner currently makes cookies for its boxed lunches. It uses 40,000 cookies annually in the...

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A vendor prepares 100 hotdogs every day and sells at $20/piece. For each hot dog, he spends $12 in the raw material. Additionally, he spends $1 for packing each hotdog and monthly $50, $20, $10 as food truck rent, electricity and other expenses respectively. On a particular day in June it rained heavily so vendor was able to sell only 80 hot dogs. For finishing the stock, he sold remaining hotdogs for $5/piece. Determine vendor’s profit for that day? Assume there are 30 days in the month. Question 8 options: 1) $97.3 2) $397.4 3) $197.4 4) $200
A vegetable stand owner purchases onions at the rate of P350 per kg daily and sells it at the rate of P375 per kg. The unsold product at the end of the day can be disposed off the next day at the salvage value of P275 per kg. Past sales have ranged from 30 to 38 kg per day. What is store owner profit per kg of onion sold?
1. You have a small business selling cans of HuntBi, a reasonably nasty-tasting energy drink. You sell each can of HuntBi for $12.00. Each can costs you $5.00 to purchase from the manufacturer. You pay your salesperson a 20% commission on all sales on top of a base salary of $1,800 per month. Your rent is $1,000 per month. Other miscellaneous costs (insurance, utilities, etc.) average $512 per month. You are pretty sure you can sell 1,000 cans per month at the $12.00 price point. A. How many cans do you need to sell to breakeven each month (round up to the nearest whole can)? B. How much monthly operating income will you have if you sell 1,000 cans per month? C. If tax rates are 24%, how much net income will you make if you sell 1,000 cans? You are considering offering a $1.00 off coupon for each can to increase sales. You think sales will increase to 1,500 cans per month (assuming each can will be purchased with a coupon). A fixed coupon processing fee of $288 will be incurred each…
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ABC Kitchen sells dishwashers and garbage disposals to customers. The company buys the dishwashers and garbage disposals from a wholesaler and it costs the company $7,000 for each dishwasher and $4,000 for each garbage disposal. The company sells its dishwashers for $10,000 and garbage disposals for $6,080 each. ABC Kitchen will install the dishwashers and garbage disposals for $1,000 each. On Dec 26, 2021, during Boxing day sales, ABC Kitchen offered a deal to its customers where they could buy a dishwasher, garbage disposal, including full installation package for a total price of $14,000. The Company sold 100 packages. The dishwashers and garbage disposals were shipped and delivered on Jan 18, company completed half the installations on Jan 22, 2022 and the 2022 remaining installations were done on Jan 29, 2022. *Question: Prepare all the required journal entry
Oriole Dinner Box Inc. is a catering company that sells meal kits that its customers can take home and quickly prepare. The company sells its meal kits at local grocery stores and has recently begun to offer a monthly subscription service, which delivers meal kits to the customer's home. Single meal kits can be purchased at grocery stores. Approximately 10% of the kits shipped to grocery stores each month are returned unsold and are then discarded. Oriole charges the grocery stores $15 for each meal kit. In December 2024, Oriole began selling three- month subscriptions for $900. Subscriptions are paid in advance and are non-cancellable. Oriole sold 840 subscriptions on December 1,2024, which entitle the subscriber to 15 meal kits each month beginning in December 2024. During December, 4,620 meal kits were sold, on account, to grocery stores and all required subscriber meals were delivered. Grocery stores have 30-day terms of payment with Oriole. (a1) Your answer is correct. Determine…
Please solve C, D, and E.
Jen and Barry's ice cream shop charges $1.45 for a cone. Variable expenses are $0.22 per cone, and fixed costs total $2,500 per month. A Valentine's Day promotion is being planned for the second week of February. During this week, a person buying a cone at the regular price would receive a free cone for a friend. It is estimated that 650 additional cones would be sold and that 850 cones would be given away. Advertising costs for the promotion would be $135. Required: a. Calculate the effect of the promotion on operating income for the second week of February. b. Do you think the promotion should occur? Complete this question by entering your answers in the tabs below. Required A Require B Do you think the promotion should occur?
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