Hi, how do i solve #3?
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Hi, how do i solve #3?
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- You are opening a coffee shop. You estimate the weekly costs of $375 for rent, $2100 for employee costs, and $125 for miscellaneous costs. The ingredients and material cost for each cup of coffee is 0.35 (cents) per cup. 1) Create a cost function for the coffee shop. 2) If the investors estimate that they will be able to sell 1100 cups of coffee per week. How much should they charge per cup to make a profit? Justify your answer and/or explain.You have a business selling and delivering pizzas to businesses for lunch. You pay $4,000 per month in rent, $320 for utilities, and $2,000 a month for salaries. You also have delivery cars that cost $1,000 per month. Your variable costs are $8 per pizza for ingredients and $4 per pizza for delivery costs. You sell the pizzas for $20 each. Round up if necessary What is the number of pizzas you need to sell to break even for the month If you want to make a profit of 2,000 per month, how many pizzas do you need to sell? Round up if necessary Go back to the original numbers If the price of cheese goes up and your variable costs go by $3 what is your new break even in pizzas if you increase your price to $21 Round up if necessary Golden Company has a fleet of delivery trucks and has the following Overhead costs per month with the miles driven Miles Driven Total Costs March 50.000 194.000 Aprill 40.000 170.200 this is the low May 60.000 217.600 June 70.000 241.000 Use the High-Low method to…please solve F
- Please help me fastSolve each of the following questions using both pricing formulas and Excel. 5. You are managing a small company and need to buy some equipment for your product line. Kangaroo Manufacturing is offering free credit on a $20,000 piece of equipment. You pay down $2,000 and then $600 a month for the next 30 months. Turtle Machines does not offer free credit but will give you $2,000 off the list price. If the rate of interest is 10% (APR) a year, which company is offering a better deal?On-the-Go, Inc., produces two models of traveling cases for laptop computers—the Programmer and the Executive. The bags have the following characteristics. Programmer Executive Selling price per bag $ 70 $ 100 Variable cost per bag $ 30 $ 40 Expected sales (bags) per year 8,000 12,000 The total fixed costs per year for the company are $819,000. Required: a. What is the anticipated level of profits for the expected sales volumes? b. Assuming that the product mix is the same at the break-even point, compute the break-even point. c. If the product sales mix were to change to nine Programmer-style bags for each Executive-style bag, what would be the new break-even volume for On-the-Go?
- Let's say you spend $10,125 to open up a pie store. The retail price of pies is $13, and each pie costs you $3 to make. What is the break even point? (i.e., what is the number of pies you must sell to break even?).You are considering opening a copy service in the student union. You estimate your fixed cost at $15,000 and the variable cost of each copy sold at $0.01. You expect the selling price to average $0.05. a) What is the break-even point in dollars? b) What is the break-even point in units?Finance
- A retired auto mechanic hopes to open a customizing shop installing heated or ventilated seats. The central city location would involve fixed monthly costs of $6,750 and labor, materials, and transportation costs of $26 per car. The outside location would have fixed monthly costs of $4,150 for labor, materials, and transportation costs of $33 per car. Dealer price at either location will be $90 per car. a. Which location will yield the greatest profit if monthly demand is (1) 250 cars? (2) 350 cars? 250: cars ___________yields the greatest profit 350: cars ____________ yields the greatest profit b. At what volume of output will the two sites yield the same monthly profit? (Round value to the nearest whole number>)Financial information for the project: 1. You decide to open a small business in Charleston, WV that will cater primarily to busyoffice workers downtown. You are going to offer a gourmet box lunch to be delivered to anyoffice with a minimum number of 5 orders. This lunch will include a gourmet sandwich, a bagof chips, a cookie, and a bottle of water. Because you are using only the finest ingredients, youwill charge $9.00 per lunch. 2. The cost of the food items (cost of goods sold) in each lunch is budgeted at $3.15. These areprimarily perishable items, so inventory is negligible. You pay for all your purchases by check atthe time they occur. 3. You are planning on drawing out a monthly salary of $1400. 4. You are planning on hiring an assistant to help you with packing the box lunches anddelivering them and will be paid for 20 hours per week at $9.25 per hour. Assume four weeks inthe month. Assume you will pay your assistant regardless of the hours they are needed. Treatthis as a…H. Banks Company would like to design, produce, and sell versatile toasters for the home kitchen market. The toaster will have four slots that adjust in thickness to accommodate both slim slices of bread and oversized bagels. The target price is $65. Banks requires that new products be priced such that 24% of the price is profit. Required: If required, round your answers to two decimal places. 1. Calculate the amount of desired profit per unit of the new toaster.$fill in the blank 1 2. Calculate the target cost per unit of the new toaster.$fill in the blank 2