Question 9 (3 points) Jaspreet processes and bottles tomato sauce in her home-based business. Her fixed costs are $1,550 per year and the variable cost per jar is $2.40. She sells the jam to local grocery stores for $7.74 each. If she would like a Profit this year of $2,100, what must her Total Revenue be this year? State your answer accurate to 2 decimal places.

Question 9 (3 points) Jaspreet processes and bottles tomato sauce in her home-based business. Her fixed costs are $1,550 per year and the variable cost per jar is $2.40. She sells the jam to local grocery stores for $7.74 each. If she would like a Profit this year of $2,100, what must her Total Revenue be this year? State your answer accurate to 2 decimal places.

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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4) Brenda is buying a living room set for her home. At Furniture, Inc., she picks out a set for a total cash price of $1,899 The salesperson tells her if she qualifies for an installment loan, she may pay 10% down and finance the balance with payments of $88.35 per month for 24 months?
23. Mrs. Racelis, an entrepreneur, purchased 500 bags of cement at P 240 per bag If she sold 500 bags at P 35,000.Compute for the percentage of gross margin. a.45.71% b. 55.5% C.42.1% d.31.45% 24.A final price after deducting all discounts and rebates. d. Purchase price 25.It is the amount by which the retail price of a product is reduced by the manufacturer when it is sold to the a.Net sale b. Net earnings c. Net price reseller or customer. a. Trade discount c. Net price d. Net earnings Retail Price 26.This will be obtained by dividing the trade discount to selling price. .Trade discount b. Discount rate c. Net earnings d. Net price 27. These are given to customers in order to encourage them to purchase in volume. It is also effective in promoting seasonal items and to entice new set of customers. a. List price b. Discount series c. Discount d. Trade discount 28. An item worth 10,000 is now selling with discount. Of the following discount series, which has a greater discount? d. 15%,…
Melissa buys 16 apples. Each apple cost $2.00 per pound and each apple weighs 1 pound. a. Find the total cost including a 10% discount and a 7% sales tax. b. How much change will Melissa receive if she pays with a $50 bill?
If Farmer Jane sells her tomatoes for $3 per pound and has variable cost of $1.50 per pound, how many pounds would she need to sell after her fixed expenses of $500 to show a net profit of $2,000? O a) 1333 pounds O b) 1667 pounds c) 667 pounds d) 833 pounds
QQ! Amy Pelletier operates Hall's House, an upscale restaurant with a $30.00 check average in mid-town Manhattan. Her clientele consists of business persons on 24 year Amy believes her business will achieve a food sales increase of 4 pe per month for each of the first six months of the year. She feels this incre will be the result of increases in guest counts (not check average). At mid-year (July 1), Amy intends to increase her menu prices (and thus, her check average) by 2 percent. She feels that while these price increases could result in a slight, short-term reduction in her guest counts, the restaurant's guest counts will still increase 3 percent for the last six months of the year. Taking into account her guest count growth estimates and mid-year price increases, Amy would like to estimate her predicted year-end food revenues. Prepare the revenue estimates for Hall's House. (Spreadsheet hint: Use the ROUND function to zero decimal places in the Guest Count Forecast columns, cells…
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For Problems 9-13, determine the (a) total selling price, (b) sales tax, and (c) total purchase price. 9. Goldie Esparza buys 4 paper lanterns at $14.95 each, 2 piñatas for $19.95, and 2 strings of white lights at $19.99 each. The sales tax rate is 4%. 10. Norma Engel buys an inflatable canoe for $194.94, 2 paddles for $44.95, and 9 energy bars at $0.89 each. The sales tax rate is 5.5%. 11. Nicole Burley purchases 6 quarts of motor oil at $1.79 per quart, 8 spark plugs at 4 for $7.99,2 wiper blades at $13.99 each, 4 packs of polishing rags at 2 for $3.99, a can of polish for $7.55, and an oil filter for $5.99 in Cleveland, Ohio, where the sales tax rate is 7.5%. 12. Ralph Chang purchases a scanner for $85.85, 12 boxes of toner at $14.55 cach, 24 ballpoint pens at $1.14 each, 2 boxes of memo pads at $4.19 a box, 12 report covers at $2.89 each, and an extension cord for $25.95 at Ned's Office Store in Los Angeles. The sales tax rate is 8.25%. 13. Gavin Franks purchases a digital camera…
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PA2. Stork Enterprises delivers care packages for special occasions. They charge $45 for a smallpackage and $80 for a large package. The sales tax rate is 6%. During the month of May, Stork delivers 38small packages and 22 large packages.A. What is the total tax charged to the customer per small package? What is the overall charge per smallpackage?B. What is the total tax charged to the customer per large package? What is the overall charge per largepackage?C. How much sales tax liability does Stork Enterprises have for the month of May?D. What accounts are used to recognize this tax situation for the month of May?E. When Stork remits payment to the sales tax governing body, what happens to the sales tax liability? PA5. Review the following transactions and prepare any necessary journal entries.A. On July 16, Arrow Corp. purchases 200 computers (Equipment) at $500 per computer from a supplier,on credit. The terms of the purchase are 4/10, n/50 from the invoice date of July 16.B. On…
Subject :- Accounting
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.
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