The Sweet Stuff food truck sells various sweet treats. Their top selling treat is the deluxe...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
The Sweet Stuff food truck sells various sweet treats. Their top selling treat is the deluxe cinnamon roll. They sell an average of 24 deluxe cinnamon rolls on a typical summer evening at $6.00 per roll. According to market research for every $0.25 decrease in price, the food truck can expect to sell 2 more cinnamon rolls each night. a) According to these numbers, determine the current revenue from the deluxe cinnamon. b) Define variables and set up a function to model this scenario. (Hint: take a look at Example 2 in Lesson 2.4 if you need help defining variables and setting up a function] =) Determine the maximum revenue from the deluxe cinnamon rolls that the food truck can earn. What will be the price of a deluxe cinnamon roll when the revenue is at a maximum? The Sweet Stuff food truck sells various sweet treats. Their top selling treat is the deluxe cinnamon roll. They sell an average of 24 deluxe cinnamon rolls on a typical summer evening at $6.00 per roll. According to market research for every $0.25 decrease in price, the food truck can expect to sell 2 more cinnamon rolls each night. a) According to these numbers, determine the current revenue from the deluxe cinnamon. b) Define variables and set up a function to model this scenario. (Hint: take a look at Example 2 in Lesson 2.4 if you need help defining variables and setting up a function] =) Determine the maximum revenue from the deluxe cinnamon rolls that the food truck can earn. What will be the price of a deluxe cinnamon roll when the revenue is at a maximum?
Expert Answer:
Answer rating: 100% (QA)
SOLUTION a The food truck sells 24 deluxe cinnamon rolls on a typical summer evening at 600 per roll ... View the full answer
Related Book For
Quantitative Analysis for Management
ISBN: 978-0133507331
12th edition
Authors: Barry Render, Ralph M. Stair, Michael E. Hanna, Trevor S. Ha
Posted Date:
Students also viewed these accounting questions
-
Planning is one of the most important management functions in any business. A front office managers first step in planning should involve determine the departments goals. Planning also includes...
-
The Crazy Eddie fraud may appear smaller and gentler than the massive billion-dollar frauds exposed in recent times, such as Bernie Madoffs Ponzi scheme, frauds in the subprime mortgage market, the...
-
When the invitation arrived, Joe Thompson and Cathy (Cat) Obertowitch were not sure what to do. The event looked promising, but the last time they agreed to attend a similar special event, they had...
-
Burger Prince buys top-grade ground beef for $1.00 per pound. A large sign over the entrance guarantees that the meat is fresh daily. Any leftover meat is sold to the local high school cafeteria for...
-
Using long division, determine the inverse z-transform of, if (a) x(n) is causal and (b) x(n) is anti causal. if (a) x(n) is causal and (b) isanticausal. 1+ 2z-1 1- 22-+z-2 X (z) :
-
Employers seek ways to improve the performance of their employees. Gardner, Van Dyne, and Pierce (2004) hypothesized that performance is influenced by organizational self-esteem, defined as an...
-
The trial balance for TDR Systems, Inc., at July 15, 2010, follows: During the remainder of July, TDR Systems, Inc., completed the following transactions: Requirements 1. Journalize the transactions...
-
Montel Companys July sales budget calls for sales of $600,000. The store expects to begin July with $50,000 of inventory and to end the month with $40,000 of inventory. Gross margin is typically 40%...
-
Pureform, Incorporated, uses the FIFO method of process costing. It manufactures a product passing through two departments. Data for a recent month for the first department follow: Work in process...
-
Understanding the relationship between business and society and the ways in which business and society are part of an interactive system.
-
The CFO of Andarex, Inc. (Ticker symbol ANDX on the NASDAQ) has called the Accounting Manager into his office to discuss an issue dealing with capitalization of interest on a factory building Andarex...
-
I heard that the Lafayette branch of the Social Security Department, a federal administrative agency, was holding a meeting about recommending possible changes to future payments for retired...
-
A bank is considering a loan applicant for a $12,500,000 6-year loan. The servicing fee is expected to be 42 basis points and the bank's cost of funds, its RAROC benchmark, is 9%. The estimated...
-
V = 1.0 m/s 20 P=0.10 Santa Claus loses his footing and slides down a snowy roof at an angle of 20, with an initial velocity (vo) of 1.0 m/s. Santa has a mass of 82 kg. Between the surfaces of the...
-
Conduct research to identify an article related to deficient internal controls or the control environment. Provide an overview of the situation and which controls were deemed deficient. Discuss how...
-
Suppose that you borrow $17,000 for fourfour years at 6% toward the purchase of a car. Use PMT equals StartStartFraction Upper P left parenthesis StartFraction r Over n EndFraction right parenthesis...
-
What are the different communication modes in HDLC?
-
A handrail, which weighs 120 N and is 1.8 m long. was mounted to a wall adjacent to a small set of steps (Figure P4.26). The support at A has broken, and the rail has fallen about the loose bolt at 8...
-
The following digraph represents the changes in weather from one day to the next in Lowell, Massachusetts. Determine the associated transition matrix and the overall percentage of sunnydays. 0.2...
-
The physicians in Problem 3-36 have been approached by a market research firm that offers to perform a study of the market at a fee of $ 5,000. In Problem 3-36, A group of medical professionals is...
-
In Problems 5-17 and 5-18, three different fore-casts were developed for the demand for fertilizer. These three forecasts are a 3-year moving average, a weighted moving average, and a trend line....
-
A computer input control is designed to ensure that a. Machine processing is accurate. b. Only authorized personnel have access to the computer area. c. Computer processing has been performed as...
-
In its computer processing system a company might use check digits to detect which of the following errors? a. Recording an invalid customers identification charge account number. b. Assigning a...
-
In a credit sales and cash receipts system flowchart symbol X could represent a. Auditors test data. b. Remittance advices from customers. c. Error reports. d. Credit authorization forms.
Study smarter with the SolutionInn App