Homework Answers
The business will have less expenses but no more profit..
(Equilibrium point indicates the balance between the quantity and supply. As the quantity supplied decreases and below the quantity demanded there will create a shortage in the economy. But as the business point of view decreasing supply will lead to less expenses and less profit)
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If the equilibrium point of Joey's Pizza is 2,000 pizzas per week and $10.00 per pizza,...
Sammie's Pizza solo an average of 150 pizzas per week, of which 20% are single-topping pizzas...
Sammie's Pizza solo an average of 150 pizzas per week, of which 20% are single-topping pizzas and 80% are supreme pizzas with multiple toppings Singles sell for 58 each and incur variable costs of 52 Supremes sell for $12 each and incur Valable costs of $6 Which pizza should Sammie's Pizza promote to maximize profits? OA Singles because they have the highest contributie margin ratio OB. Singles because they contribute the highest total contribution margin OC Supremes because they have...
Price per Pizza is $10 In addition, Tony projected the following costs corresponding to sales of 4,000 and 6,000 pizzas...
Price per Pizza is $10
In addition, Tony projected the following costs corresponding to sales of 4,000 and 6,000 pizzas for this year's November operation: Sales Levels Operating Cost Items 4,000 6,000 Dough $1,600 $2,400 Toppings 1,000 1,500 Cheese 2,700 1,800 1,200 Tomatoes 1,800 Energy* 2,500 3,000 3,000 Kitchen personnel Delivery personnel 3,000 1,320 880 Car expenses 2,600 2,900 Facilities* 10,000 10,000 Advertising 4,500 4,500 Total Operating Costs $29,080 $33,120 * These costs are all related to the Kitchen. Although...
Pizza Palace is a restaurant chain with operations across North America. The company operates using typical...
Pizza Palace is a restaurant chain with operations
across North America. The company operates using typical fast food
operations, however is considering adding food trucks in order to
increase business. Below is the CVP Income statement for Pizza
Palace for the 1st quarter of 2020.
Pizza Palace would like to remain using the same
supplier for its dough; however, the supplier is increasing its
prices by $1/pound of dough. Each pound of dough makes 4 small
pizzas (Hint: You will...
Assume that a 2 cent per Ounce percent soda tax led to a large increase in...
Assume that a 2 cent per Ounce percent soda tax led to a large increase in its price and only a small decrease in the quantity of soda domanded Economic analysis would lead on to conclude that O the benefits of taxing soda is a normative issue Economic analysis can be used to contribute to discussion of this issue but cannot decide it B oda should be taxed because the benefits of the tax would exceed the costs OC. soda...
1. Customer Retention and Profitability Pete Palermo is owner and proprietor of Pete's Pizza Parlor, a...
1. Customer Retention and Profitability Pete Palermo is owner and proprietor of Pete's Pizza Parlor, a restaurant that specializes in pizza, wings, and submarine sandwiches. The business is mostly take-out, although there are a few booths available for those customers who want to dine in Pete has been in business for over 10 years, and his business is well established in an upper-middle-class suburb of a Northeastern U.S. city. Pete's annual revenues are stronghe typically sees $350.000 in sales per...
The amount of an invoice is $2,000, with terms 2/10, n/30. The amount to be paid...
The amount of an invoice is $2,000, with terms 2/10, n/30. The amount to be paid within the discount period is: OA. O B. OC. OD. $1,800 $2,000. $1,400. $1,960. Lionworks Enterprises had the following inventory data: Date July 1 July 4 July 7 July 11Purchase July 14Sale Quantity Unit Cost Beginning inventory Purchase Sale 5 10 12 $50 $55 $62 8 Assuming FIFO, what is the ending inventory after the July 14 sale? (Round any intermediary calculations to the...
(67)Suppose that when the price of cherries is $10 per lb, the quantity supplied of cherries...
(67)Suppose that when the price of cherries is $10 per lb, the quantity supplied of cherries is 20 lbs. When price of cherries is $6 per lb, the quantity supplied of cherries is 12 lbs. The price elasticity of supply is: (a)1.7 (b)1.0 (c)2.5 (d)0.8 (68)If an excise tax is placed on the producer of a product that has a perfectly inelastic demand, given ceteris paribus then: (a)The entire tax will be paid by the producer (b)The consumer and producer...
Read below and answer, Why does a business that has profit of $30,000 per year need...
Read below and answer, Why does a business that has profit of
$30,000 per year need a bank loan?
Jones Electrical Distribution After several years of rapid growth, in the spring of 2007 Jones Electrical Distribution anticipated a further substantial increase in sales. Despite good profits, the company had experienced a shortage of cash and had found it necessary to increase its borrowing from Metropolitan Bank-a local one- branch bank-to $250,000 in 2006. The maximum loan that Metropolitan would make...
HDT Truck Company HDT Truck Company has been located in Crown Point, Indiana, since 1910. Its...
HDT Truck Company HDT Truck Company has been located in Crown Point, Indiana, since 1910. Its only products— large trucks—are built to individual customer specifications. The firm once produced automobiles but dropped out of the auto business in 1924. The firm nearly went out of business in the late 1930s, but by 1940 its fortunes were buoyed by receipt of several military contracts for tank retrievers—large-wheeled vehicles that can pull a disabled tank onto a low trailer and haul it...
Caterpillar Inc. 2017 2016 5 S 51,822 2,900 54,722 42,676 2,786 45,462 35,773 2,764 38,537 STATEMENT...
Caterpillar Inc. 2017 2016 5 S 51,822 2,900 54,722 42,676 2,786 45,462 35,773 2,764 38,537 STATEMENT 1 Consolidated Results of Operations for the Years Ended December 31 Dollar is willions cat pershare dal Sales and revenues Sales of Machinery, Energy & Transportation Revenues of Financial Products Total sales and revenues Operating costs Cost of goods sold Selling, general and administrative expenses Research and development expenses Interest expense of Financial Products Goodwill impairment charge Other operating incomel expenses Total operating costs...
Sammie's Pizza solo an average of 150 pizzas per week, of which 20% are single-topping pizzas and 80% are supreme pizzas with multiple toppings Singles sell for 58 each and incur variable costs of 52 Supremes sell for $12 each and incur Valable costs of $6 Which pizza should Sammie's Pizza promote to maximize profits? OA Singles because they have the highest contributie margin ratio OB. Singles because they contribute the highest total contribution margin OC Supremes because they have...
Price per Pizza is $10
In addition, Tony projected the following costs corresponding to sales of 4,000 and 6,000 pizzas for this year's November operation: Sales Levels Operating Cost Items 4,000 6,000 Dough $1,600 $2,400 Toppings 1,000 1,500 Cheese 2,700 1,800 1,200 Tomatoes 1,800 Energy* 2,500 3,000 3,000 Kitchen personnel Delivery personnel 3,000 1,320 880 Car expenses 2,600 2,900 Facilities* 10,000 10,000 Advertising 4,500 4,500 Total Operating Costs $29,080 $33,120 * These costs are all related to the Kitchen. Although...
Pizza Palace is a restaurant chain with operations
across North America. The company operates using typical fast food
operations, however is considering adding food trucks in order to
increase business. Below is the CVP Income statement for Pizza
Palace for the 1st quarter of 2020.
Pizza Palace would like to remain using the same
supplier for its dough; however, the supplier is increasing its
prices by $1/pound of dough. Each pound of dough makes 4 small
pizzas (Hint: You will...
Assume that a 2 cent per Ounce percent soda tax led to a large increase in its price and only a small decrease in the quantity of soda domanded Economic analysis would lead on to conclude that O the benefits of taxing soda is a normative issue Economic analysis can be used to contribute to discussion of this issue but cannot decide it B oda should be taxed because the benefits of the tax would exceed the costs OC. soda...
1. Customer Retention and Profitability Pete Palermo is owner and proprietor of Pete's Pizza Parlor, a restaurant that specializes in pizza, wings, and submarine sandwiches. The business is mostly take-out, although there are a few booths available for those customers who want to dine in Pete has been in business for over 10 years, and his business is well established in an upper-middle-class suburb of a Northeastern U.S. city. Pete's annual revenues are stronghe typically sees $350.000 in sales per...
The amount of an invoice is $2,000, with terms 2/10, n/30. The amount to be paid within the discount period is: OA. O B. OC. OD. $1,800 $2,000. $1,400. $1,960. Lionworks Enterprises had the following inventory data: Date July 1 July 4 July 7 July 11Purchase July 14Sale Quantity Unit Cost Beginning inventory Purchase Sale 5 10 12 $50 $55 $62 8 Assuming FIFO, what is the ending inventory after the July 14 sale? (Round any intermediary calculations to the...
Read below and answer, Why does a business that has profit of
$30,000 per year need a bank loan?
Jones Electrical Distribution After several years of rapid growth, in the spring of 2007 Jones Electrical Distribution anticipated a further substantial increase in sales. Despite good profits, the company had experienced a shortage of cash and had found it necessary to increase its borrowing from Metropolitan Bank-a local one- branch bank-to $250,000 in 2006. The maximum loan that Metropolitan would make...
Caterpillar Inc. 2017 2016 5 S 51,822 2,900 54,722 42,676 2,786 45,462 35,773 2,764 38,537 STATEMENT 1 Consolidated Results of Operations for the Years Ended December 31 Dollar is willions cat pershare dal Sales and revenues Sales of Machinery, Energy & Transportation Revenues of Financial Products Total sales and revenues Operating costs Cost of goods sold Selling, general and administrative expenses Research and development expenses Interest expense of Financial Products Goodwill impairment charge Other operating incomel expenses Total operating costs...
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