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- David Austin recently purchased a chain of dry cleaners innorthern Wisconsin. Although the business is making amodest profit now, David suspects that if he invests in a new press, he could recognize a substantial increase in profits.The new press costs $15,400 to purchase and install and canpress 40 shirts an hour (or 320 per day). David estimatesthat with the new press, it will cost $0.25 to launder andpress each shirt. Customers are charged $1.10 per shirt.a. How many shirts will David have to press to break even?b. So far, David’s workload has varied from 50 to 200shirts a day. How long would it take to break even on the new press at the low-demand estimate? at the high-demand estimate? c. If David cuts his price to $0.99 a shirt, he expects to beable to stabilize his customer base at 250 shirts per day.How long would it take to break even at the reducedprice of $0.99? Should David cut his price and buy thenew press?You are the owner of Caché, a chain of women's clothing boutiques. Your state has a sales tax of 7%, and your city has an additional sales tax of 1.5%. Each quarter you are responsible for making these tax deposits to the city and state. Last quarter your stores had total revenue, including sales tax, of $488,250. a) How much of this revenue was sales (in $) and how much was sales tax (in $)? sales sales tax b) How much sales tax (in $) should be sent to the city? c)How much sales tax (in $) should be sent to the state?David Austin recently purchased a chain of dry cleaners innorthern Wisconsin. Although the business is making amodest profit now, David suspects that if he invests in a newPROBLEMS • GO Tutorialpress, he could recognize a substantial increase in profits.The new press costs $15,400 to purchase and install and canpress 40 shirts an hour (or 320 per day). David estimatesthat with the new press, it will cost $0.25 to launder andpress each shirt. Customers are charged $1.10 per shirt.a. How many shirts will David have to press to break even?b. So far, David’s workload has varied from 50 to 200shirts a day. How long would it take to break even onthe new press at the low-demand estimate? at the highdemand estimate?c. If David cuts his price to $0.99 a shirt, he expects to beable to stabilize his customer base at 250 shirts per day.How long would it take to break even at the reducedprice of $0.99? Should David cut his price and buy thenew press?
- Determine the board measure (BF) and the cost 2x4 = $1700 MBM MBM or FBM = Thousand Board Measure or Thousand Board Feet 2 x 6 = $1600 MBM 2x10 = $ 1900 MBM 3/8 OSB = $ 1700 7/16 OSB = $ 1750 All prices are given is per Thousand Square Feet 3/4 OSB = $ 2400 1) 250 pcs of 2x4 …. 10 feet long 2) 300 pcs of 2x6 …. 4 meters long 3) 45 pcs of 2x10 …. 16 foot longThe Chineke Group of Company manufactures two products, namely product B and product P, and provides you with the following information: Prod. B Prod. P Selling price per unit 80.00 50.00 Less cost of sales: Direct material A @ R5.00 per kg 15.00 10.00 Direct material B @ R4.00 per kg 8.00 12.00 Direct labour @ R6.00 per hour 12.00 6.00 Variable manufacturing overhead @ R5.00 per labour hour 10.00 5.00 Fixed manufacturing overhead per unit 5.00 5.00 Gross profit 30.00 12.00 Less sales & administrative costs: Variable 6.00 4.00 Fixed 10.00 5.00 Net profit per unit 14.00 3.00 Take note of the following constraints: Material A available 360 kg Material B available 360 kg Labour hours available…Dark beer is purchased by the case for $18.90. There are 24 bottles in each case, and each bottle contains 12 fluid ounces. You are making brine that requires 2 ½ quarts of dark beer. How much will the beer cost for the brine?
- 3-4) How many pounds of beans will Taco Loco have left over if they produce the optimal quantity of products X, Y, and Z? A) 28.73 B) 39.27 C) 0 D) 1E + 30 3-5) What is the increase in revenue if Taco Loco purchases 20 pounds of cheese for $1 and uses it optimally? A) $0 B) $9.09 C) $29.00 D) $158.18Adidas is an athletic company designs and manufacturesseveral athletic things. Football is one of the company'sproducts that sells for $40 per unit. Total fixed costs relatedto the manufacturing of the football are $150,000 per monthand variables costs involved in manufacturing are $ 15 per unit. 1-Compute the number of footballs to be sold to earn atarget profit of $30.000.?1. Timothy received $100 for his birthday. He wants to buy either a new skateboard or a new mp3 player to listen to music while working out but he can buy only one. a. Which core principle is represented in this scenario above (if any). b. give an xplanation.
- An electronics firm is currently manufacturing anitem that has a variable cost of $.50 per unit and a selling priceof $1.00 per unit. Fixed costs are $14,000. Current volume is 30,000 units. The firm can substantially improve the productquality by adding a new piece of equipment at an additional fixedcost of $6,000. Variable cost would increase to $.60, but volumeshould jump to 50,000 units due to a higher-quality product.Should the company buy the new equipment?1.Eric is an 8th grader and is on his school’s basketball team. He just got $50 from hisgrandfather for his birthday, and he’s looking forward to buying the latest pair of hisfavorite basketball shoes, Flair Jordans 19. His mom hears of his plans and says, “Eric, Ijust got you Flair Jordans 18 five months ago!” 2.Christine is in 6th grade and loves to read. She goes to the library to check out a fewbooks every other week. Unfortunately, she’s not very good at returning them on timeand has a total of $15 in late fees she owes to the library. Christine gets a weeklyallowance from her parents, but everytime the librarian asks her if she’d like to paythe fees at the checkout station, Christine says she’ll do it the next time she comes 3.Nghia is a high school sophomore and has been working as a newspaper deliverer forhis neighborhood for the past two years. He has saved $1,200 so far in his savingsaccount and checks his account balance every other day. He usually doesn’t like tobuy things…Some t years from now, air conditioners are sold at arate of t per year. How many air conditioners will be soldduring the next five years?