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olga55 [171]
2 years ago
15

The owner of Miller Restaurant is disappointed because the restaurant has been averaging 7,500 pizza sales per month but the res

taurant and wait staff can make and serve 10,000 pizzas per month. The variable cost (for example, ingredients) of each pizza is $1.55. Monthly fixed costs (for example, depreciation, property taxes, business license, manager's salary) are $12,000 per month. The owner wants cost information about different volumes so that some operating decisions can be made.REQUIREMENTS:1) Fill in the following chart to provide the owner with the cost information. Then use the completed chart to help you answer the remaining questions:Monthly pizza volume 6,000 7,500 10,000 Total fixed costs Total variable costs Total costs Fixed cost per pizza Variable cost per pizza Average cost per pizza Selling price per pizza S 6.25 S 6.25 S 6.25 Average profit per pizza2) From a cost standpoint, why do companies such as Miller Restaurant want to operate near or at full capacity?3) The owner has been considering ways to increase the sales volume. The owner thinks that 10,000 could be sold per month by cutting the selling price per pizza from $6.25 to $5.75. How much extra profit (above the current level) would be generated if the selling price were to be decreased? (HINT: Find the restaurant's current monthly profit and compare it to the restaurant's projected monthly profit at the new sales price and volume.)

Business
1 answer:
Setler [38]2 years ago
8 0

Answer: The answer is provided and attached below.

Explanation:

The explanation for number 1 and 3 has been attached.

2. The break even point is level of production whereby a company makes no profit or loss. When a company operates below the break even point, the company makes a loss and when a company operates above this level, the company make a profit. The higher the level, the higher the profit.

Therefore, from a cost point of view, Miller restaurant and every other company wants to operate at the full or near full capacity in order to earn higher level of profit. At this point, the fixed costs have been recovered, and every additional unit makes up the profit of the company.

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U.s. internet advertising revenue grew at the rate of r(t) = 0.82t + 1.14 (0 ≤ t ≤ 4) billion dollars/year between 2002 (t = 0)
MatroZZZ [7]

Answer:

f(t) = \int 0.82 t +1.14 dt

f(t) = \frac{0.82}{2}t^2 +1.14 t +C

Where C is a constant, now using the initial condition we got:

f(2)= 5.9 = 0.41 (2)^2 + 1.14*2 +C

And solving for C we got:

C= 5.9 -0.41(4) -1.14*2 = 1.98

And the function desired for the advertising revenue would be given by:

f(t) = 0.41t^2 1.14t +1.98

With f the amount in billions and the the years since 2002 to 2006.

Explanation:

For this case we have the following function who represent the revenue grew rate:

r(t) = 0.82t +1.14 , 0 \leq t \leq 4

And we want to calculate the Advertising revenue so we need to integrate the function r(t) and we can use the inidital condition t=0 , f(2)= 5.9 billion.

If we integrate the function we got:

f(t) = \int 0.82 t +1.14 dt

f(t) = \frac{0.82}{2}t^2 +1.14 t +C

Where C is a constant, now using the initial condition we got:

f(2)= 5.9 = 0.41 (2)^2 + 1.14*2 +C

And solving for C we got:

C= 5.9 -0.41(4) -1.14*2 = 1.98

And the function desired for the advertising revenue would be given by:

f(t) = 0.41t^2 1.14t +1.98

With f the amount in billions and the the years since 2002 to 2006.

5 0
2 years ago
Lisi Crichton operates a variety store. Her brother does custom welding and made some racks to hold videos. Lisi gave her brothe
Feliz [49]

Answer:

$1,000

Explanation:

Fixed assets must be recorded at historic cost or purchase value. Their valuation is not affected by changes in market values, e.g. land might appreciate over time, but its historic cost will be used for accounting purposes.

In this case, Lisi doesn't have a bill to show the price of the rack, and since she paid in cash, she has no way of proving what she actually paid for it. In this case, in order to record the purchase of the rack you must use the fair market value of similar racks.

Imagine if someone could just say that they purchased things at X price but didn't get a bill, soon people would be recording buying pencils at $500 each because they are gorgeous and perfectly crafted.

8 0
2 years ago
Stephanie enters into a contract to work as a lifeguard at Tim’s Water Park for the summer in exchange for a weekly paycheck and
Valentin [98]

Answer:

The correct option is C,performed

Explanation:

Going by the fact that each party to the contract has played his or her role in the contract,contract can only be said to have been performed.

Performance implies that Stephanie has discharged duties as a lifeguard at Tim's Water Park as promised initially and Stephanie's performance has been appreciated with Tim's provision of paychecks and free admission as agreed.

All in all, both parties have acted in good faith and performed as appropriate.

3 0
2 years ago
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ICH E6 has broader requirements than FDA or HHS concerning confidentiality of medical records and access by third parties. If in
Soloha48 [4]

Answer:

They must disclose that they are entitled to having access to the medical record of the subject. This is usually disclosed in the form of an informed consent that provides access to the auditor, monitor, regulatory authorities and IRB/IEC. This is usually for verification purposes of the data and procedures used in the research. No confidentiality or data violation issues outside the law may arise by this consent.

Explanation:

6 0
2 years ago
Suppose an economy produces only cranberries and maple syrup. In 2010, 50 units of cranberries are sold at $20 per unit and 100
sergejj [24]

Answer:

The correct answer is :  Nominal GDP is 1800, real GDP is 2000, and GDP deflator is 90

Explanation:

This is what evaluates the current market prices. It includes the changes presented in market prices that have occurred during the current year. It analyzes as well the inflation or deflation. Also, it measures the value of all services and finished goods and produced by a country

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