Question: 5-1 Good Times Restaurant estimates the following costs for next year: fixed costs $120,000, variable cost per meal $15. If they want to earn a profit of $90,000 and charge $35 per meal, calculate the required number of meals.
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- Answer this Financial Accounting ProblemGood Times Restaurant estimates the following costs for next year: fixed costs $120,000, variable cost per meal $15. If they want to earn a profit of $90,000 and charge $35 per meal, calculate the required number of meals. No WRONG ANSWERAssume the total monthly operating costs of a Hardee’s restaurant are: $35,000 + $0.75Xwhere X = Number of burgers ordered Determine the average cost per burger if the monthly volume of burgers ordered is 20,000.
- What would the total meal cost per resident day be next year given the following: 275 resident at 80% occupancy this year and next year Current food cost per resident day is $8.25, increasing by 3% next year All other expenses including labour are $689,000 this year, with no increase next year Question 38 options: $15.11 $15.36 $17.08 $16.83Cost, Revenue, Profit You decide to begin selling ice cream cones at the local park and swap. Your cost for each ice cream cone is $1.33 plus you have to pay a fixed weekly fee of $240 for the booth. Your plan is to sell each ice cream cone for $2.75. 1. Write an expression to represent your total costs for the week if you sell n ice cream cones. Total Costs: 2. Write an expression to represent the revenue from the sale of n ice cream cones during the week. Revenue: 3. Write an expression that represents the profit for selling n ice cream cones in a given week. Profit: How many ice cream cones must you sell in order to make a positive profit? In order to make a positive profit, you would have to sell Select an answer ice cream cones. ↑Assume the total monthly operating costs of a McDonald's restaurant are: $40,000 + $0.75X where X Number of salads orders (a) Determine the average cost per salad at each of the following monthly volumes: 1,000; 10,000; 50,000; 100,000. Round answers to two decimal places. Volume Average Unit Cost 1,000 Answer 0 10,000 Answer 0 50,000 Answer 0 100,000 Answer O (b) Determine the monthly volume at which the average cost per serving is $2.35.
- general accountingProvide this question solution general accountingSpecial Order Nature's Garden, a new restaurant situated on a busy highway in Pomona, California, specializes in a chef's salad selling for $7. Daily fixed costs are $1,200, and variable costs are $4 per meal. With a capacity of 800 meals per day, the restaurant serves an average of 750 meals each day. (a.) Determine the current average cost per meal. Round your answer to two decimal places. $ (b.) A busload of 30 Girl Scouts stops on its way home from the San Bernardino National Forest. The leader offers to bring them in if the scouts can all be served a meal for a total of $150. The owner refuses, saying he would lose $0.60 per meal if he accepted this offer. How do you think the owner arrived at the $0.60 figure? $ Current average cost per meal Per meal revenue from Girl Scouts Loss per meal 0 0 0 $ (c.) A local businessman on a break overhears the conversation with the leader and offers the owners a one-year contract to feed 300 of the businessman's employees one meal each day at a…