Weekly (Feb 21-27) Projected Actual Difference Food Cost $6,971 $7,842 +$871 (over) Beverage Cost $3,954 $4,156 +$202 (over) Labor Cost $8,423 $9,541 +$1,118 (over) Other Costs $7,645 $7,645 $0 (even) Total Costs $26,993 $29,184 +$2191 (over) Food Sales $18,565 $14,326 -$4,239 (under) Beverage Sales $12,872 $10,852 -$2,020 (under) Total Sales (Revenue) $31,437 $25,178 -$6,259 (under) Total Profit $4,444 -$4,006 -$8,450 (under) What were the results of the restaurant's projected revenue, relative to its projected costs? Select one: a. Profit b. Loss C. Break-even
Q: Determine the principal remaining after 36 monthly payments have been made for a 5-year loan of P40,...
A: Loan (L) = P 40000 n = 5 years = 60 months Interest rate = 8% quarterly compounded Let r = Monthly i...
Q: Balance sheet Assets (in KD) Liabilities (in KD) Cash 154674 Accounts payable 80000 Accounts receiva...
A:
Q: If you have been hired at an annual salary of $23000and expeck to receive annual increases of 5% wha...
A: Your annual wage is the amount of money paid to you by your employer over the course of a year in ex...
Q: What will be the interest rate per interest period if convert to compounding monthly? 1.9967% ...
A: Effective annual rate (EAR) refers to a real interest rate which an investor is expect from his inve...
Q: Fill in the blank with the correct answer. ( Simple Interest) Amount/Maturity Principal Interest Rat...
A: You have asked to answer row 3. Concept :- In simple interest , no compounding of interest is done...
Q: You are an engineer proposing a potential investment and your company requires you to develop a cash...
A: Here, Initial Investment is Php 500000 Annual Revenue is Php 100000 Annual Expenses is Php70000 Mark...
Q: Balance sheet Assets (in KD) Liabilities (in KD) Cash 263854 Accounts payable 80000 Accounts receiva...
A: Solution:- Quick ratio measures the ability of the company that how efficiently the company can pay ...
Q: A $40,000 new car loan is taken out with the terms 12% APR for 48 months. How much are monthly payme...
A: New car loan = $40,000 APR = 12% Time period = 48 Months
Q: Consider the borrowing rates for Parties A and B. A wants to finance a $100,000,000 project at a fix...
A: Swap: It is an agreement where principal amount of a loan and the interest in one currency for the...
Q: You just leased a Honda Civic that sells for $25,350. The terms of your lease you to make 60 payment...
A: The payment are done monthly that includes the interest and payment of the loan.
Q: At what rate will you invest your money if you want it to tripple? 10% 20% 30% c...
A: For identifying the rate of interest at which money is to be invested, following informations are re...
Q: ABC Co. wants to have a weighted average cost of capital of 10 percent. The firm has an aftertax cos...
A: The overall cost of capital, also known as the Weighted average cost of capital (WACC), is the minim...
Q: 3. Kidoh paid a 12% down payment of P250,000 for a house and lot, and agreed to pay the balance of m...
A: Equated monthly instalment is related with the payments, which used to make the payments for repayme...
Q: C) Present Worth Cost Method D) Equivalent Uniform Annual Cost Method
A: Out of all the available investment options a company will either choose the one that maximizes bene...
Q: Find the present value of an ordinary annuity which has payments of $1400 per year for 11 years at 6...
A: Annual payment (P) = $1400 Interest rate (r) = 6% Number of annual payment (n) = 11
Q: Regarding the trade-off theory, capital structure is a trade-off between: O tangible and intangible ...
A: The capital structure refers to the mix of various available sources of capital which is used by a f...
Q: You are planning to retire in 25 years time. Immediately after your retirement, you wish to go for a...
A: “Hi There, Thanks for posting the questions. As per our Q&A guidelines, must be answered only on...
Q: erm in years: 2 3 4. Cate: 1.8% 2.25% 2.30% 2.66% 3.13% he table above shows the interest rates avai...
A: Present value of cash flow is the value of cash flow that is equivalent to the value today consideri...
Q: What will be the interest rate per interest period if convert to compounding monthly? 1.9967% ...
A: Effective annual rate (EAR) refers to the rate of interest which is an outcomes of compounding inter...
Q: A corporation must decide whether to introduce a new product line. The new product will have startup...
A: NPV is the difference between present value of cash inflows and initial investment. NPV =PV of cash ...
Q: How much larger will the value of an RRSP be at the end of 20 years if the contributor makes month-e...
A: Future Value of Ordinary Annuity refers to the concept which determines the sum total of all the cas...
Q: Calculate the inventory period of Havells Ltd with an annual cost of goods sold of $8 million, $1.5 ...
A: Days in Inventory outstanding is used to determine the conversion of inventory in the cash cycle and...
Q: State whether the Portfolio Nature is Defensive/Aggressive. Weight on XOM Weight on PFE Portfolio R...
A: A defensive portfolio is made up of equities that have a low beta. The equities in this portfolio ar...
Q: 38) In Walker's taxonomy identification with a company's long term stock approach usually, but not a...
A: Unit incentives are those units having rights, duties, obligations, privileges given by the company ...
Q: Which of the following procedure is designed to prevent the company from ordering unnecessary items?...
A: D) Approval of purchase requisitions is the procedure designed to prevent the company from ordering ...
Q: OA. three O B. five OC. four O D. six
A: Investment appraisal methods are used to determine the feasibility of investment whether they are fi...
Q: Present value of a perpetual tax shield will go up if the firm's tax rate O decreases; decreases O i...
A: When interest rate are higher and tax rates are also higher, it will be higher tax saving on debt am...
Q: Wade Ellis buys a new car for $16,759.78. He puts 10% down and obtains a simple interest amortized l...
A: Cost of Car is $16,759.78 Down payment is 10% Interest rate is 11.5% Time period is 4 years To Find:...
Q: Howard is saving for a long holiday. He deposits a fixed amount every month in a bank account with a...
A: Effective interest rate is 7.9% Future Value is $11,000 Time period is 5 years or 60 months To Find:...
Q: 1. An elective project is currently under review. An initial investment of $116,000 would be necessa...
A: Here, Initial Investment is $116,000 Annual Revenue is $38,000 Annual Expenses is $10,000 Therefore,...
Q: John obtained a loan of $25,000 at 4.6% compounded monthly. How long (rounded up to the next payment...
A: Loan amount = $25,000 Interest rate = 4.6% Monthly payment = $2,810
Q: If a student's time value of money rate is 24%, then the student would be indifferent between $77 to...
A: Interest rate (r) = 24% Present value (PV) = $77 Period (n) = 1 year
Q: Coco Kitchen has a WACC of 14%. It has 19% of return on equity, and 60% of debt-to-asset ratio (i.e....
A: WACC is the average cost of capital which is calculated by multiplying the weight with cost of funds...
Q: Ethan wants to set up a fund for his son's education such that he could withdraw $2,982.00 at the be...
A: Quarterly withdrawal (P) = $2982.00 Period = 6 Years Number of quarterly periods (n) = 6*4 = 24 Inte...
Q: The Quick-time Company stock is currently selling for $32. There is a put option on the stock rith a...
A: Stock Price 32.00 Strike Price 29.00 Variance 0.0625 Risk Free Rate 0.02 Time Period 6 Month...
Q: 11. An elective project is currently under review. The first alternative requires an initial investm...
A: A cost-benefit analysis is a systematic process that businesses use to determine which decisions to ...
Q: Calculate the inventory period of Havells Ltd with an annual cost of goods sold of $8 million, $1.5 ...
A: Inventory period is a efficiency ratio which measures number of days , th company holds its inventor...
Q: A lemon-growing cartel consists of four orchards. Their total cost functions are: TC, = 20+50 TC, = ...
A: With the help of given information we are going to make a summary of the costs incurred, fhgh jfhghj...
Q: sub=26(Determine the promissory note to amortize (pay off) a $150,000 mortgage at 5.99% APR compound...
A: Solution:- Future value or the pay off value means the amount to be paid at maturity along with the ...
Q: October, November, and December, CVM Inc. expect to sell 50,000, 48,000, and 51,000 units respective...
A: Sales of October = 50,000 Sales of November = 48,000 Sales of December = 51,000 End of month invento...
Q: Assets (in KD) Liabilities (in KD) Cash 116749 Accounts payable 80000 Accounts receivable 100000 Acc...
A: To Find: Debt Ratio
Q: Which alternative offers you the highest effective rate of return?
A: Investment appraisal is the method of evaluating and selecting investments from various investment o...
Q: Assume that the population of a town (one million people) is exposed to a toxle pollutant. The envir...
A: The benefit of avoiding the chances of death or fatality helps in knowing the economic value is know...
Q: Market conditic characterized b
A: Since as in the given case, the cost of commercial paper is a recommended action, because it is econ...
Q: Bank-based systems of financing non-financial companies are more effective than capital market-based...
A: Financial systems can help to keep domestic savings at home if they are well-governed. Financial mar...
Q: ndholders. areholders. areholders and the federal government.
A: Interest tax sheild is the reduced cost of capital due to the advantages of tax deductions.
Q: Calculate the price of a 180-day Treasury bill purchased at a 5% discount rate if the T-bill has a f...
A: Time period is 180 days Discount rate is 5% Face value or FV is E5,000 To Find: Price of T- bill
Q: Brandon purchased a car using a 5-year car lease at 5.80% compounded quarterly that required her to ...
A:
Q: For each of the companies described here, would you expect it to have a low, medium, or high dividen...
A: Dividend is the distribution of the company’s earnings to the shareholders of the company. A dividen...
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
- Social Media, Inc. (SMI) has two services for users. To ot!, which connects tuters with students who are looking for tutoring services, and TiX, which can be used to buy, sell, or exchange event tickets. For the following year, SMI expects the following results. Toot! TiX Total Users 13,100 20,100 33,200 Revenues $ 1,800,000 $ 1,760,000 $ 3,560,000 Engineering hours 9,300 7,300 16,600 Engineering cost $ 687,750 $ 806,250 $ 1,494,000 Administrative costs $ 1,195,200 Required: a. Compute the predetermined overhead rate used to apply administrative costs to the two services assuming SMI uses the number of users to allocate administrative costs. b. Based on the rates computed in requirement (a), what is the profit for each service?C7-73 Calculate breakeven and margin of safety after hotel renovation (Learning Objective 2) Cost-Volume-Profit Analysis 437 This case is a continuation of the Caesars Entertainment Corporation serial case that began in Chapter 1. Refer to the introductory story in chapter 1 (see page 43) for additional background. (The components of the Caesars serial case can be completed in any order.) Caesars Palace® Las Vegas made headlines when it undertook a $75 million renovation. In mid-September 2015, the hotel closed its then-named Roman Tower, which was last updated in 2001, and started a major renovation of the 567 rooms housed in that tower . On January 1, 2016, the newly renamed Julius Tower reopened, replacing the Roman Tower. In addition to renovating the existing rooms and suites in the former Roman Tower, 20 guest rooms were added to the Roman Tower. With the renovation completed, Caesars expects the Julius Tower room rate to average around $149 per night. This increase, a $25 or 20…Social Media, Inc. (SMI) has two services for users. Toot!, which connects tutors with students who are looking for tutoring services, and TIX, which can be used to buy, sell, or exchange event tickets. For the following year, SMI expects the following results. Toot! Tix Total Users 15,500 22,100 37,600 Revenues $2,000,000 $2,080,000 $4,080,000 Engineering hours 10,4000 8,400 18,800 Engineering cost $ 881,000 $ 999,000 $1,880,000 Administrative costs…
- Bellevie college cost $7612.00 a year, the graduation rate is 25%, salary after attending is $42,400. Edmonds college cost $7,207.00 a year, the graduation rate is 27%, salary after attending is $34,300. What is the explanatory? What is the responseSocial Media, Inc. (SMI) has two services for users. Toot!, which connects tutors with students who are looking for tutoring services, and TiX, which can be used to buy, sell, or exchange event tickets. For the following year, SMI expects the following results. Toot! TiX Total Users 15,500 22,100 37,600 Revenues $ 2,000,000 $ 2,080,000 $ 4,080,000 Engineering hours 10,400 8,400 18,800 Engineering cost $ 881,000 $ 999,000 $ 1,880,000 Administrative costs $ 1,504,000 The company is considering using a two-stage cost allocation system and wants to assess the effects on reported product profits. The company is considering using Engineering Hours and Users as the allocation base. Additional information follows. Toot! TiX Total Engineering hours 10,400 8,400 18,800 Users 15,500 22,100 37,600 Engineering-hour related administrative cost $ 199,280 User-related…A school is raising money to buy robes. Cost is $8,000. Raffle tickets are sold for $10. Variable cost is $2 and fixed cost is$8,000. Determine sales volume required for target income.
- Course: Financial Mathematics - Percentage CalculationA group of people is divided into 2 camps: 45% of them in camp A and rest in camp B. If 20% of A is passed to B and then 10% of the amount of B is passed to A. What will be NEW PERCENTAGE of A?Please detail procedure. Thanks :DMementos Academy Cost Validation Student Records Fees collection Staff Salaries 70,400 43,900 39,700 Data Processing 9,200 32,500 7,900 Telephone 1,700 4,600 3,000 Postage 1,500 4,000 Consumable 3,700 45,900 11,800 Electricity 1,600 3,100 3,000 Equipment Depreciation 12,200 35,800 31,900 Insurance 1,600 3,300 2,600 Students Enrolments 14,000 Required: a) Apply process costing to calculate the total cost per student enrolment b) Discuss whether the total cost per student enrolment calculated in a) provid a reliable estimate of the costs incurred to process each enrolment.Social Media, Inc. (SMI) has two services for users. Toot!, which connects tutors with students who are looking for tutoring services, and TiX, which can be used to buy, sell, or exchange event tickets. For the following year, SMI expects the following results. Toot! TiX Total Users 10,700 18,100 28,800 Revenues $ 1,600,000 $ 1,440,000 $ 3,040,000 Engineering hours 8,200 6,200 14,400 Engineering cost $ 516,500 $ 635,500 $ 1,152,000 Administrative costs $ 921,600 Required: Compute the predetermined overhead rate used to apply administrative costs to the two services assuming SMI uses the number of usersto allocate administrative costs. Based on the rates computed in requirement (a), what is the profit for each service?
- Social Media, Inc. (SMI) has two services for users. Toot!, which connects tutors with students who are looking for tutoring services, and TiX, which can be used to buy, sell, or exchange event tickets. For the following year, SMI expects the following results. Toot! TiX Total Users 12,500 19,600 32,100 Revenues $ 1,750,000 $ 1,460,000 $ 3,210,000 Engineering hours 12,200 8,200 20,400 Engineering cost $ 295,000 $ 415,000 $ 710,000 Administrative costs $ 1,123,500 Required: a. Compute the predetermined overhead rate used to apply administrative costs to the two services assuming SMI uses the revenue to allocate administrative costs. b. Based on the rates computed in requirement (a), what is the profit for each service?Record the following transactions. Identify each as a contribution, agency, or an exchange transaction, and prepare any appropriate entries.1. Private University coordinated its annual special event with the opening of the alumni weekend. Tickets to the special event were $200 and included a buffet (cost, $30), admission to the university symphony (cost, $30), and a reception (cost, $35). A total of 500 tickets was sold.2. A local manufacturing company gave $1,000,000 to Private University to commission a study on the relationship of worker stress to chronic disease. The results of the study will be used to educate the general public.3. Bradley Corporation gave a contribution of $550,000 to Private University. Bradley specifies that the gift is to be invested in perpetuity and that the income may be used by Private University to pay operating costs.4. Local Corporation donated a building to Private College for use as new office space. The cost to Local was $750,000. The building was…please assist and show all workings Personal Protective Gears & More (PPGM) design and manufacture masks for students. Afterproduction, the masks are placed into individual cases, before being transferred into Finished Goods. Theaccounting records of the business reflect the following data at June 30, 2021, for the manufacturing ofmasks for Mount Marlie High School. Inventory 1/7/2020 30/6/2021Raw Materials $230,000 $260,000Factory Supplies $35,000 $24,000Work in Progress $348,300 $203,300Finished Goods $632,900 $485,000 other information Sales Revenue $5,731,000Factory Supplies Purchased 64,000Direct Factory Labor 792,000Raw Materials Purchased 560,000Plant janitorial service…