Sally is considering opening up a lemonade stand to earn some spending money over the summer. She estimates each glass of lemonade will cost her $1 to prepare for sale. What does she need to sell it for in order to make $1.50 of gross profit on each glass?
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Financial accounting
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- After a successful year for your beach shop, you are wondering whether to open one more store this year. There are equal chances for the coming summer to be rainy or sunny. If the weather is sunny, you will earn $55,000 in profits per store. However, if the weather is rainy, your profit will be $35,000 if you open one store and zero if you open two stores. What is your expected profit under complete information? O A $110,000 OB. $55,500 OC. $90,000 D. $72,500Often it makes a lot of sense to spend some money now so you can save more money in the future. Consider filtered water. A high-tech water filtercost about $60 and can filter 7,200 ounces of water. This will save you purchasing two 20-ounce bottle of filtered water every day, each costing $1.15. The filter will need replacing every 6 months. How much will this filter save you in a year’s time?A dairy owner is deciding whether or not to invest in new milk machines. The cost of the machines is $100,000. If she purchases the machines, the dairy will earn $30,000 in the first year, $50,000 in the second year, and $60,000 in year 3. What is the NPV of the investment? (Rounded to the nearest whole dollar)
- Plank, the new owner of the vehicle accessory shop, is considering buying sets of winter tyres for $ 299 per set and selling them at $ 520 each. Fixed costs related to this operation amount to $ 3250 per month. It is expected that 18 sets per month could be sold. How much profit will Plank make each month? Hint: use the contribution margin approach.After three years in the cake shop business, Gloria has decided she can now afford to advertise. An advertising package would cost her $30,416 for one year. Assuming advertising is a fixed cost and her unit contribution is now $8.75, how many additional cakes would she need to sell to make the advertising package worthwhile? That is, how many additional cakes does she need to sell to pay for the advertising and breakeven. Round to the nearest whole number.Set up and solve an equation for the following business situation. You are moving to a new home and have rented a truck to assist you with the move. Trailside Truck Rentals charges $39.95 per day plus 65 cents per mile. You will need the truck for 5 days and will travel 460 miles. What will be your total cost (in dollars) for the truck rental? $ If you have budgeted $450 for the truck rental, will this amount be sufficient to cover the cost? O yes no
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