May you please answer both questions (: eВookPrint ItemUnderground Food Store has 6,000 pounds of raw beef nearing its expiration date. Each pound has a cost of $4.50. The beef could be sold "as is" for $3.00 per pound to the dog foodprocessing plant, or roasted and sold in the deli. The cost of roasting the beef will be $2.80 per pound, and each pound could be sold for $6.50. What should be done with the beef,11and why? If required, round final answers to two decimal places.The beefprocessed further since the sales priceby $per pound and the cost onlyby $per pound. Bridget Youhzi works for a large firm. Her alma mater has asked her to make a presentation to the upcoming accounting honor society's annual scholarship dinner. Her firm supportsthe presentation because it hopes to recruit more excellent employees like Bridget. The university is 196 miles from her office. In order to get to the dinner by 5:00 p.m., she willneed to leave work at 1:00 p.m. She can drive her personal car and be reimbursed $0.50 per mile. The dinner ends at 9:00 p.m. Company policy allows her to spend the night if thereturn trip is four hours or more. There is a student-run inn and conference center across the street from campus that charges $101 per night.Instead of driving, she could catch a 3:00 p.m. flight that has a round-trip fare of $300. Flying would require her to rent a car for $38 per day and pay an airport parking fee of $25for the day. The company pays a per diem of $36 for incidentals if the employee spends at least six hours out of town. (The per diem would be for one 24-hour period for eitherflying or driving.) As a manager, Bridget is responsible for recruiting within a budget and wants to determine which is more economical:Use the information provided to answer these questions.A. What is the total amount of expenses Bridget would include on her expense report if she drives?B. What is the total amount of expenses she would include on her expense report if she flies?%24C. What is the relevant cost of driving?D. What is the relevant cost of flying?E. What is the differential cost of flying over driving?F. What other factors should Bridget consider in her decision between driving and flying?PreviousNext

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Underground Food Store has 6,000 pounds of raw beef nearing its expiration date. Each pound has a cost of $4.50. The beef could be sold "as is" for $3.00 per pound to the dog food processing plant, or roasted and sold in the deli. The cost of roasting the beef will be $2.80 per pound, and each pound could be sold for $6.50. What should be done with the beef, and why? If required, round final answers to two decimal places. The beef processed further since the sales price * by $ per pound and the cost only by per pound.

Underground Food Store has 6,000 pounds of raw beef nearing its expiration date. Each pound has a cost of $4.50. The beef could be sold "as is" for $3.00 per pound to the dog food processing plant, or roasted and sold in the deli. The cost of roasting the beef will be $2.80 per pound, and each pound could be sold for $6.50. What should be done with the beef, and why? If required, round final answers to two decimal places. The beef processed further since the sales price * by $ per pound and the cost only by per pound.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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