Question 24 (Mandatory) (2 points) The price of every meal at a restaurant is $22, the...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Question 24 (Mandatory) (2 points) The price of every meal at a restaurant is $22, the related variable expense is $7 and its fixed cost is $37,500 per month. If the owner of this restaurant wants to make $18,750 profit, then how much sales should this restaurant generate per month to achieve this level of profit? OA) $85,000 B) $85,000 OC) $87,500 OD) $82,500 Question 24 (Mandatory) (2 points) The price of every meal at a restaurant is $22, the related variable expense is $7 and its fixed cost is $37,500 per month. If the owner of this restaurant wants to make $18,750 profit, then how much sales should this restaurant generate per month to achieve this level of profit? OA) $85,000 B) $85,000 OC) $87,500 OD) $82,500 Question 24 (Mandatory) (2 points) The price of every meal at a restaurant is $22, the related variable expense is $7 and its fixed cost is $37,500 per month. If the owner of this restaurant wants to make $18,750 profit, then how much sales should this restaurant generate per month to achieve this level of profit? OA) $85,000 B) $85,000 OC) $87,500 OD) $82,500 Question 24 (Mandatory) (2 points) The price of every meal at a restaurant is $22, the related variable expense is $7 and its fixed cost is $37,500 per month. If the owner of this restaurant wants to make $18,750 profit, then how much sales should this restaurant generate per month to achieve this level of profit? OA) $85,000 B) $85,000 OC) $87,500 OD) $82,500
Expert Answer:
Answer rating: 100% (QA)
The detailed answer for the above question is provided below To solve this problem we need to find t... View the full answer
Related Book For
Managerial Accounting Tools for business decision making
ISBN: 978-1118096895
6th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
Posted Date:
Students also viewed these accounting questions
-
Required: 1. Classify each cost and its amount as either product or period. The first cost is completed as an example. Costs 1. Plastic for casing 2. Wages of assembly workers 3. Property taxes on...
-
Consider the parametrized curve given by r (t) = (cos 6t, sin 6t, 9t) for 0
-
Question 46 (Mandatory) (2 points) The price of every meal at a restaurant is $22, the related variable expense is $7 and its fixed cost is $37,500 per month. If the owner of this restaurant wants to...
-
The compound bow in the previous problem requires 152 J of work to draw the string back to x = 0.540 m, at which point the archer need only exert 250 N of force to hold the string in place. (a)...
-
Give the systematic (IUPAC) names of the following alkenes. (a) (b) (c) (d) (e) (f) (g) (h) (i) (j) CH2 CHCH2CH(CH3)2 CH3(CH2)3-C-CH2CH3 CH2 CH CHCH2 CH CH2 CH2=C=CH-CH-CH2 " CH3 CH3
-
Sorenson Manufacturing Corporation was incorporated on January 3, 2016. The corporation's financial statements for its first year's operations were not examined by a CPA. You have been engaged to...
-
Below are the financial accounts of Dodge Realty, Inc. The company has just completed its 10th year of operations ended December 31, 20x8. Required 1. Prepare the income statement, statement of...
-
Nottaway Flooring produces custom-made floor tiles. The companys Raw Material Inventory account contains both direct and indirect materials. Until the end of April 2010, the company worked solely on...
-
Question 18 Solve the problem. An architect needs to design a rectangular room with an area of 98 ft 2. What dimensions should he use in order to minimize the perimeter? O 9.9 ft x 9.9 ft O 19.6 ft x...
-
Find and classify the stationary values of the function f(x, y) = sin x cos y + 2 cos x sin y in the range 0xm, x y 0syn. fxy 2 fxxfyy-fxy Type f(x,y)
-
Dozier Company produced and sold 1,000 units during its first month of operations. It reported the following costs and expenses for the month: Direct materials $ 78,000 Direct labor $ 39,500 Variable...
-
On June 20, 2005, John Rigas, the 80-year old founder of Adelphia Communications Corp., was sentenced to 15 years in prison and his son Timothy, the exfinance chief, got 20 years for looting the...
-
By the late 1990s, Nortel Networks Corporation, headquartered in Brampton, Ontario, Canada, was one of the giants of the telecommunications industry. Seventy-five percent of North Americas Internet...
-
Criminal trials involving healthcare professionals and organizations include: healthcare fraud, kickbacks, false claims, tampering with drugs, Internet pharmacy, falsification of records, patient...
-
Licensure of healthcare professionals is the process through which licensing boards, agencies, or departments grant to individuals who meet certain criteria the legal right to practice in a...
-
According to the Royal Ahold company profile, Ahold is a global family of local food retail and foodservice operators that operate under their own brand names. Our operations are located primarily in...
-
.com enect Gedge Creme omework Saviet The bank reconciliation prepared by Winfield Construction on June 30, 2020, appeared as follows: Winfield Construction Bank Reconciliation June 30, 2020 Bank...
-
A manufacturer can sell product 1 at a profit of $20 per unit and product 2 at a profit of $40 per unit. Three units of raw material are needed to manufacture one unit of product 1, and six units of...
-
Klean Fiber Company is the creator of Y-Go, a technology that weaves silver into its fabrics to kill bacteria and odor on clothing while managing heat. Y-Go has become very popular as an undergarment...
-
The May 21, 2010, edition of the Wall Street Journal includes an article by Jeffrey Trachtenberg entitled E-Books Rewrite Bookselling. Instructions Read the article and answer the following...
-
The setting of standards is critical to the effective use of standards in evaluating performance. Instructions Explain the following in a memo to your instructor. (a) The comparative advantages and...
-
How does management determine when the existing annual plan or budget should be revised?
-
How does the annual plan or budget relate to the first year of the business plan?
-
What is the utility of providing quarterly forecasts of all key input data and the resulting financial statements?
Study smarter with the SolutionInn App