What would be the total sales forecast for the entire week (7 days) for the two below items if the restaurant sells 20 of Salmon and 30 of Spaghetti and Meatballs every day of the week? Monday # sold Cost of item Item Cost% Item Selling Price Number of Grilled Salmon sold 40% $12 Number of Spaghetti and Meatballs sold 30% $10 20 30 $4.8 $3.0

What would be the total sales forecast for the entire week (7 days) for the two below items if the restaurant sells 20 of Salmon and 30 of Spaghetti and Meatballs every day of the week? Monday # sold Cost of item Item Cost% Item Selling Price Number of Grilled Salmon sold 40% $12 Number of Spaghetti and Meatballs sold 30% $10 20 30 $4.8 $3.0

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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Segment data for Felicia’s Fast Food Restaurants for the current year appears below: Cajun Japanese Brazilian Total Sales $60,000 $100,000 $40,000 $200,000 Cost of goods sold 36,000 65,000 20,000 121,000 Contribution margin 24,000 35,000 20,000 79,000 Manager salaries 18,000 21,000 8,000 47,000 Rent 2,000 1,000 3,000 6,000 Segment margin $4,000 $13,000 $9.000 $26,000 Common fixed costs 7,000 7,000 7,000 21,000 Profit $ (3,000) $ 6,000 $ 2,000 $ 5,000 Managers salaries and rent for the particular restaurant will not continue if closed. If the Cajun restaurant is closed, what would be the effect on total company profits?
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Bellingham Suit Co. has received a shipment of suits that cost $200 each. If the company uses cost-plus pricing and applies a markup percentage of 60%, what is the sales price per suit? Group of answer choices $320 $333 $500 $280
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QUESTION 1 Suppose that the demand rate is 500 units per week. The fixed ordering cost is $50 per order. The unit inventory cost is 20% of the product cost. The cost of the product depends on the quantity ordered. It is $0.05 when you order less than 2300 units, $0.048 when you order between 2301 and 5000 units and $0.045 when you order more than 5000 units. What is your optimal order quantity if you intend to limit the number of units to at or below 2300 units? O 2136 O 2236 O 2300 O None of the above
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