1.Machine use to cook coffee is the direct expense for a restaurant?? 2. List 5 Example...
1.Machine use to cook coffee is the direct expense for a restaurant??
2. List 5 Example of direct expense in a restaurant
Homework Answers
1) Machine use to make coffee is an asset for a restaurant, depreciation will be charged on such machine, which would be included in the overhead costs.
2) Examples of Direct Expense in a restaurant are:
- Raw ingredients purchased to make the food
- Wages paid to the chef
- Wages paid to the servers
- Purchase of utensils to be used
- Decorations to attract customers
Add Answer to:
1.Machine use to cook coffee is the direct expense for
a restaurant??
2. List 5 Example...
Question 9 A restaurant purchased a new-brand coffee machine for $1 550 and it depreciates by...
Question 9 A restaurant purchased a new-brand coffee machine for $1 550 and it depreciates by 8 cents for every cup of coffee it makes. a. Write down the recurrence relation which models the depreciation of the coffee machine? b. Write down the rule for the value of the machine after making n cups of coffee? c. Find the value of the coffee machine after 275 cups of coffee are made. d. On average, the coffee machine is used to...
Coffee Perfection, Inc. makes two products - Dream Coffee Machine and Out-Of-This-World Coffee Machine. Selected inform...
Coffee Perfection, Inc. makes two products - Dream Coffee Machine and Out-Of-This-World Coffee Machine. Selected information on the products is given below: | Dream Coffee Machine | Out-Of-This-World Coffee Machine Selling Price per unit: $1,000.00 $5,000.00 Variable expenses per unit: Production $490.00 $4,000.00 Commission (5% of selling price) $50.00 $250.00 The company has the following fixed costs: Fixed production costs Advertising expense Administrative salaries Per Month $650,000 1,000,000 400,000 2.050.000 Total: Sales, in units, over the past two months have...
5. Please use an example to explain the following block placement strategies. 1. Direct mapped. 2....
5. Please use an example to explain the following block placement strategies. 1. Direct mapped. 2. Fully associative. 3. Set associative.
need to show working a) Coffee Hut purchased a coffee machine on the 1 January 2017...
need to show working
a) Coffee Hut purchased a coffee machine on the 1 January 2017 for $58,000. The expected useful life is 7 years, or 100,000 coffees. The residual value is expected to be $2,000. Sales (in cups) for coffee was as follows; 2017 2018 5,000 cups 6,500 cups Required: Calculate the annual depreciation expense for two (2) years (at the end of 2017 and 2018) using the following methods; 1. Straight Line method 2. Reducing balance method 3....
A coffee machine dispenses coffee in cups that contain 7 oz of coffee. For a random...
A coffee machine dispenses coffee in cups that contain 7 oz of coffee. For a random sample of 8 cups, the mean amount of coffee in each cup is 7.3 oz. The p-value for this sample data is .23. Does this indicate that the mean amount of coffee in each cup for this machine is more than 7 oz? Claim: The mean amount of coffee in each cup is more than 7 oz. 1. Choose the correct null and alternate...
please answer in excel V-Formula Example: Example involves the development of a new restaurant property. The...
please answer in excel
V-Formula Example: Example involves the development of a new restaurant property. The land, building, and equipment investment required to construct the restaurant is a combined $1.5 million dollars. Estimated sales are $1.4 million, with an operating profitability (defined as EBITDA as a per of sales) of 20%. The variables to complete this exercise are listed below. Table 1 Current Pre-Tax ROE Example VARIABLE AMOUNT 1. Investment $1,500,000 2. Sales $1,400,000 3. Operating Profit Margin 20% of...
The following events apply to Tracey’s Restaurant for the Year 1 fiscal year: Started the company...
The following events apply to Tracey’s Restaurant for the Year 1
fiscal year:
Started the company when it acquired $23,000 cash from the
issue of common stock.
Purchased a new cooktop that cost $22,000 cash.
Earned $36,000 in cash revenue.
Paid $20,000 cash for salaries expense.
Paid $7,400 cash for operating expenses.
Adjusted the records to reflect the use of the cooktop. The
cooktop, purchased on January 1, Year 1, has an expected useful
life of four years and an...
RACK Practice Problem 1 Cook Farm Supply Company manufactures and sells a pesticide called Snare. The...
RACK Practice Problem 1 Cook Farm Supply Company manufactures and sells a pesticide called Snare. The following data are available for preparing budgets for Snare for the first quarters of 2020 1. Sales: quarter 1, 29,200 bags: quarter 2, 43,200 bags. Selling price is $61 per bag 2. Direct materials: each bag of Snare requires pounds of Gurm at a cost of $3,80 per pound and 6 pounds of Tur at $1.50 per pound. 3. Desired inventory levels Type of...
BCS 215 (Unix Operating Systems) Create a bash shell script that displays a coffee vending machine...
BCS 215 (Unix Operating Systems) Create a bash shell script that displays a coffee vending machine menu and asks the user to make a choice - 1. Print "Please enter your choice: decaf|regular|latte|cappuccino" 2. Depending on the user input, print out the related price - decaf: 2 dollars regular: 2 dollars latte: 3 dollars cappuccino: 3 dollars For anything else, please display "Please make a valid choice." 3. Upon a successful execution of the script, display "Thank you for using...
A coffee shop is trying to decide whether or not to buy a new espresso machine....
A coffee shop is trying to decide whether or not to buy a new espresso machine. The coffee shop will buy the machine if it increases profits over the next three years. If the bakery does not buy the machine, it will earn a profit of $75,000 at the end of each of the next 3 years. If the coffee shop buys the machine, profits will be $65,000 at the end of year 1, $72,000 at the end of year...
Coffee Perfection, Inc. makes two products - Dream Coffee Machine and Out-Of-This-World Coffee Machine. Selected information on the products is given below: | Dream Coffee Machine | Out-Of-This-World Coffee Machine Selling Price per unit: $1,000.00 $5,000.00 Variable expenses per unit: Production $490.00 $4,000.00 Commission (5% of selling price) $50.00 $250.00 The company has the following fixed costs: Fixed production costs Advertising expense Administrative salaries Per Month $650,000 1,000,000 400,000 2.050.000 Total: Sales, in units, over the past two months have...
need to show working
a) Coffee Hut purchased a coffee machine on the 1 January 2017 for $58,000. The expected useful life is 7 years, or 100,000 coffees. The residual value is expected to be $2,000. Sales (in cups) for coffee was as follows; 2017 2018 5,000 cups 6,500 cups Required: Calculate the annual depreciation expense for two (2) years (at the end of 2017 and 2018) using the following methods; 1. Straight Line method 2. Reducing balance method 3....
A coffee machine dispenses coffee in cups that contain 7 oz of coffee. For a random sample of 8 cups, the mean amount of coffee in each cup is 7.3 oz. The p-value for this sample data is .23. Does this indicate that the mean amount of coffee in each cup for this machine is more than 7 oz? Claim: The mean amount of coffee in each cup is more than 7 oz. 1. Choose the correct null and alternate...
please answer in excel
V-Formula Example: Example involves the development of a new restaurant property. The land, building, and equipment investment required to construct the restaurant is a combined $1.5 million dollars. Estimated sales are $1.4 million, with an operating profitability (defined as EBITDA as a per of sales) of 20%. The variables to complete this exercise are listed below. Table 1 Current Pre-Tax ROE Example VARIABLE AMOUNT 1. Investment $1,500,000 2. Sales $1,400,000 3. Operating Profit Margin 20% of...
The following events apply to Tracey’s Restaurant for the Year 1
fiscal year:
Started the company when it acquired $23,000 cash from the
issue of common stock.
Purchased a new cooktop that cost $22,000 cash.
Earned $36,000 in cash revenue.
Paid $20,000 cash for salaries expense.
Paid $7,400 cash for operating expenses.
Adjusted the records to reflect the use of the cooktop. The
cooktop, purchased on January 1, Year 1, has an expected useful
life of four years and an...
RACK Practice Problem 1 Cook Farm Supply Company manufactures and sells a pesticide called Snare. The following data are available for preparing budgets for Snare for the first quarters of 2020 1. Sales: quarter 1, 29,200 bags: quarter 2, 43,200 bags. Selling price is $61 per bag 2. Direct materials: each bag of Snare requires pounds of Gurm at a cost of $3,80 per pound and 6 pounds of Tur at $1.50 per pound. 3. Desired inventory levels Type of...
A coffee shop is trying to decide whether or not to buy a new espresso machine. The coffee shop will buy the machine if it increases profits over the next three years. If the bakery does not buy the machine, it will earn a profit of $75,000 at the end of each of the next 3 years. If the coffee shop buys the machine, profits will be $65,000 at the end of year 1, $72,000 at the end of year...
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