Suppose angela and zooey reconsidered the demand for beef

Assignment Help Finance Basics
Reference no: EM13616758

Angela Fox and Zooey Caulfield were food and nutrition majors at State University, as well as close friends and roommates. Upon graduation Angela and Zooey decided to open a French restaurant in Draperton, the small town where the university was located. There were no other French restaurants in Draperton, and the possibility of doing something new and somewhat risky intrigued the two friends. They purchased an old Victorian home just off Main Street for their new restaurant, which they named "The Possibility."

Angela and Zooey knew in advanced that at least initially they could not offer a full, varied menu of dishes. They had no idea what their local customer's tastes in French cuisine would be, so they decided to serve only two full-course meals each night, one with beef and the other with fish. Their chef, Pierre, was confident he could make each dish so exciting and unique that two meals would be sufficient, at least until they could assess which items were most popular. Pierre indicated that with each meal he could experiment with different appetizers, soups, salads, vegetable dishes, and desserts until they were able to identify a full selection of menu items.

The next problem for Angela and Zooey was to determine how many meals to prepare for each night so they could shop for ingredients and set up the work schedule. They could not afford too much waste. They estimated that they would sell a maximum of 60 meals each night. Each fish dinner, including all accompaniments, requires 15 minutes to prepare, and each beef dinner takes twice as long. There is a total of 20 hours of kitchen staff labor available each day. Angela and Zooey believe that because of the health consciousness of their potential clientele they will sell at least three fish dinners for every two beef dinners. However, they also believe that at least 10% of their customers will order beef dinners. The profit from each beef dinner will be approximately $16, and the profit from a fish dinner will be about $12.

Formulate a linear programming model for Angela and Zooey that will help them estimate the number of meals they should prepare each night and solve this model graphically.

If Angela and Zooey increased the menu price on the fish dinner so that the profit for both dinners was the same, what effect would that have on their solution?

Suppose Angela and Zooey reconsidered the demand for beef dinners and decided that at least 20% of their customers would purchase beef dinners. What effect would this have on their meal preparation plan?

Reference no: EM13616758

Questions Cloud

When the wire is horizontal it experiences no magnetic : a horizontal wire of length 0.58 m carrying a current of 2.5 a is placed in a uniform external magnetic field. when the
Mary has been working at the university for 25 years with : mary has been working at the university for 25 years with an excellent record of service. as a result the board wants
A high-voltage copper transmission line with a diameter of : a high-voltage copper transmission line with a diameter of 1.40 cm and a length of 300 km carries a steady current of
The drying time of a certain type of paint under specified : the drying time of a certain type of paint under specified test conditions is known to have mean value 75 minutes.
Suppose angela and zooey reconsidered the demand for beef : angela fox and zooey caulfield were food and nutrition majors at state university as well as close friends and
The wire carries a current of 630 a toward the south the : a straight wire is aligned north-south in a region where earths magnetic field barrowbold is directed 52.0deg above the
An american business pays 10000 15000 and 20000 to : an american business pays 10000 15000 and 20000 to suppliers in japan switzerland and cananda respectively. how much in
Let micro1 and micro2 represent the mean heart rates we : a researcher wished to compare the effect of two stepping heights low and high on heart rate in a step-aerobics
A parallel-plate air capacitor has a capacitance of 300 pf : a parallel-plate air capacitor has a capacitance of 300 pf and a charge of magnitude 0.250uc on each plate. the plates

Reviews

Write a Review

 

Finance Basics Questions & Answers

  What is the operating cash flow for year four

The salvage value of the fixed assets is $6,900 and the tax rate is 34 percent. What is the operating cash flow for year four?

  Types of risks faced by investors in bonds

Briefly describe the types of risks faced by investors in domestic bonds? Also indicate the additonal risks associated with nondomestic bonds.

  Evaluating financial aspects of the american red cross

I need some help to start in writing a 700-word paper in APA format with references evaluating financial aspects of the American Red Cross. Answering these questions

  Determine the market rate of return

Bet'R Bilt Bikes just announced that its yearly dividend for this coming year will be $2.42 a share and that all future dividends are expected to increase by 2.5% yearly.

  1 given the following information compute the standard

1. given the following information compute the standard deviation for investment apayoffprobability200.5100.4-100.12.

  What is the total book value of the assets of alfonzo pizza

The company has current liabilities of $43,000 and net working capital of $32,000. What is the total book value of the assets of Alfonzo's Pizzeria?

  What positions you need to take in each of the options

What positions you need to take in each of the options to create a bullish call spread? Bearish call spread? Describe the payoffs at various stock prices with a set of equations or table, for each strategy. Show all work.

  Determine what are the percentage changes in value

Given a 10-year, 8% coupon bond with a face value of $1,000 and coupon payments made annually, determine its value for the following yields: 8%, 6%, and 10%.

  Maxwell industries has a debt-equity ratio of 15 its wacc

maxwell industries has a debt-equity ratio of 1.5. its wacc is 11 and its cost of debt is 8 . the corporate tax rate

  Wat does the auditors reference to generally accepted

what does the auditors reference to generally accepted accounting principles imply for our analysis of financial

  Objective type questions on financial decisions

Objective type questions on financial decisions and The investment opportunity scheduled combined with the weighted marginal costs of capital indicates

  The market is expected to rise over the coming year for a

the market is expected to rise over the coming year. for a stock with a beta of -0.8 a. the expected value of the

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd