User Account

All Pages

What would you show the restaurant owner to change

Assignment Help Managerial Accounting
Reference no: EM131706558

A group of 30 Lincoln students are returning from LakeTahoe on a ski trip.They stop offat a restaurant outside of Sacramento.This restaurant has a capacity of 800 meals per day. It currently serves 750 meals per day.

The dailyfixed costs are $1,200 per day.The main meal is a Caesar salad that sells for $9; the unit variable cost is $5 per salad.The student leader of the bus trip offers to bring the students into the restaurant, if the total payment for 30 meals could be $180. The restaurant owner refuses because he says that he would lose on average $0.60 per meal.

Is he correct? What would you show the restaurant owner to change his mind?

Reference no: EM131706558

Questions Cloud

Analyze two issues that contribute to the current nursing : Analyze two issues that contribute to the current nursing shortage in the U.S., and propose a strategy to rectify this employment issue.
Weighted average cost of capital formula : In the weighted average cost of capital formula, the after-tax cost of debt is used instead of the before-tax cost of debt.
Describe the industry conditions : Describe the industry conditions, the financial position of the company the economic outlook of the company.
Describe the current economic climate in the countries : Economic Climate - Describe the current economic climate in the countries or regions that you will be investing.
What would you show the restaurant owner to change : The restaurant owner refuses because he says that he would lose on average $0.60 per meal. Is he correct? What would you show the restaurant owner to change
Maturity remains constant over time : What will happen to the bond price in five years, if the bond's yield to maturity remains constant over time?
Discussion about wasting a lot of time on the social media : The investigations have proved that the working generation is wasting a lot of time on the social media.
Define how can ses effect the development in early childhood : In psychology, the affects of socioeconomic status (SES) are researched frequently. How can SES effect the development in early childhood
Define ideas strikes a chord either positively or negatively : It is easy to see why some of Carl Jung's theories were considered out-there during his own time, and why some may still seem unorthodox today

Reviews

Write a Review

Managerial Accounting Questions & Answers

  What is the minimum transfer price

The molding division is operating at full capacity. What is the minimum transfer price the Molding Division should accept?

  Use a cost-benefit analysis to recommend to smith

Use a cost-benefit analysis to recommend to Smith whether Sun Gas should proceed with the Web-based ordering system. Give your reasons, showing supporting calculations.

  Manufacturers such as polaris and arctic cat usually work

Manufacturers such as Polaris and Arctic Cat usually work to maintain a high quality and low cost operation.

  Calculate the activity rate for the purchase order activity

Calculate the activity rate for the purchase order activity. Break the activity into fixed and variable components. Compute the total activity availability, and break this into activity usage and unused activity.

  Characteristics of an internal accounting system

Explain the objectives and characteristics of an internal accounting system - include an explanation of the importance of this information to the company.

  Accounting records of path leader wireless

Problem 1: The accounting records of Path Leader Wireless include the following:

  Describe how president lincoln war aims evolved

Describe how President Lincoln's war aims evolved between 1861 and 1863, changing from simply preserving the Union to also end slavery.

  Compute the cost per equivalent unit for direct materials

Compute Costs per Equivalent Unit: Weighted-Average Method - Compute the cost per equivalent unit for direct materials and conversion costs.

  Victory company uses weighted average process costing

Victory Company uses weighted average process costing to account for its production costs

  What aspects of the decision does the uncertainty refer

Distinguish between decision making under certainty and decision making under uncertainty. To what aspects of the decision does the uncertainty refer? What other possible sources of uncertainty are there in decision making?

  What is the present valuse of the lease payments

The annual payment under the lease will be $2500 with payments being made at the beginning of each year - what is the present valuse of the lease payments

  What is expected value of perfect information about product

Should the product be marketed? Why? What is the expected value of perfect information about the success or failure of the product?

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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