One of Susan's favorite things in the whole world is her grandma's banana bread. Susan has become so obsessed with this bread that she's using her grandma's recipe and making it for her friends. She and her friends have tweaked the recipe so that they can make delicious banana chocolate chip muffins and banana squares, too. They've turned this into a side business, selling their items to local convenience stores. There's one problem: the baked goods are best when well-ripened bananas are used. They're often available at a reduced price. But when they're not, Susan has to buy green bananas at full price and wait for them ripen. Here are the typical costs and selling prices for each product. Selling price Variable costs Bread (per loaf) $4.20 1.80 Muffin (per dozen) $4.50 2.40 Squares (per dozen) $3.70 1.60
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- It was Mrs. Johnson's birthday, and she made her favorite homemade cookies to share with the class. "I hope you all enjoy my homemade cereal crunch cookies. I used a mixture of different cereals to make this. Unique!" says Mrs. Johnson as she saw Joshua raise his hand. "But don't worry! They are all nut free." The class LOVED them. In no time at all the class ate five-sixths of the cookies. "Mrs. Johnson." said Hannah, "you need to do OUR tradition. While we sing happy birthday. you need to eat as many cookies as you can. As the class began to sign, that is just what Mrs. Johnson did. And she was good at it! She ate three-fourths of the cookies that were left. In case you are curious, that was equal to 3 cookies! How many cookies did Mrs. Johnson bring to class that day?Ten years ago, Judy Kaplan lost her marketing position due to a merger and was looking for a new job. As she discussed her search with Marty and Angela Curry, they realized she might be the perfect partner for their new business. For the last six years, the Curry’s had made and sold six different flavors of pickled garlic at local festivals. People who tried the product really seemed to like it. They had made the decision to go into the pickled garlic business full-time, but needed about $20,000 more to actually make the final move. Kaplan looked at their business plan and agreed to become a partner in the business. One of the first problems the partnership experienced was over pricing. Kaplan wanted to price the bottled garlic high enough so her money would earn the interest it would have received (10%) if she had left it in her investment account. The Curry’s wanted to set a low price so that they could acquire loyal customers. In its first year of operation, the company sold 8,000…Ms. Magan Dah and her sister, Ms. Supla Dah got into the cakes and pastries business almost by accident. Magan, a BSHRM graduate often bake cakes as gifts for friends: Occasionally, they would set up a booth at a trade fair and sell a few of the cakes. The day came when a buyer for a major department store offered them a contract to produce 1,500 cakes of various flavors for $10.000. The sisters realized that it was time to get down to business. To make bookkeeping simpler, they have priced all the cakes at $8 Variable cost per unit is $6 and they have to rent a facility for $4,000 a month 4) Calculate their EBIT on the department store order. 8)If the store refuses to pay more than $58.00 per unit but is willing to negotiate quantity, what quantity of cakes will result to an EBIT of $4,000?
- Ms. Magan Dah and her sister, Ms. Supla Dah got into the cakes and pastries business almost by accident. Magan, a BSHRM graduate often bake cakes as gifts for friends: Occasionally, they would set up a booth at a trade fair and sell a few of the cakes. The day came when a buyer for a major department store offered them a contract to produce 1,500 cakes of various flavors for $10.000. The sisters realized that it was time to get down to business. To make bookkeeping simpler, they have priced all the cakes at $8 Variable cost per unit is $6 and they have to rent a facility for $4,000 a month. (Questions) 5) If Supta Dah renegotiates the contract at a price of $10 per cake, compute for total variabile cost 6) If Supla Dah renegotiates the contract at a price of $10 per cake, compute for total fixed cost. 7) If Supla Dah renegotiates the contract at a price of $10 per cake, compute for EBIT 8)If the store refuses to pay more than 58.00 per unit but is willing to negotiate quantity, what…Ms. Magan Dah and her sister, Ms. Supla Dah got into the cakes and pastries business almost by accident. Magan, a BSHRM graduate often bake cakes as gifts for friends: Occasionally, they would set up a booth at a trade fair and sell a few of the cakes. The day came when a buyer for a major department store offered them a contract to produce 1,500 cakes of various flavors for $10.000. The sisters realized that it was time to get down to business. To make bookkeeping simpler, they have priced all the cakes at $8 Variable cost per unit is $6 and they have to rent a facility for $4,000 a month. 1) Calculate the breakeven. 2) Calculate their COGS on the department store order. 3) Calculate their Operating Expenses on the department store order 4) Calculate their EBIT on the department store order.Mastura has a small frozen food business. She prepares semi-cooked, frozen foods like popiah, samosa and pau to be sold to retail outlets throughout Perak. Recently, she is deciding to add a new line of product to her existing ones. Each alternative product line requires her to purchase a special machine to prepare the foods. How well she sells this new product depends on the price of seafood this year. Below is the payoff table Mastura has prepared showing her revenue per month. Calculate the expected value and advice Mastura which equipment will give her the most projected revenue. Seafood Prices Stable Reduce 0.25 Increase Equipment Slab Mixer Yule Grinder Mini Mill Mason Till 0.25 RM 2,200 RM 3,100 RM 1,900 RM 4,312 0.50 RM 11,800 RM 9,750 RM 10,730 RM 8,490 RM 15,200 RM 17,400 RM 12,960 RM 13,910 2.
- Sandra owns a small manufacturing company, Tamarisk Camping Stuff Co. The company has been working to perfect a lightweight plastic material to be used for a variety of camping products. Sandra plans to enter the marketplace with a durable, lightweight folding table. Similar tables regularly sell for $39-$44 for a 6-foot table, so Sandra realizes that she'll have to stay within that range. She believes her table could sell on the higher end of this range, however, so she is using a target selling price of $44 for planning purposes. Sandra needs to generate an ROI of at least 20% on her invested assets to make this worthwhile in the long term. Her invested assets are $800,000, and she expects to sell 5,000 tables in her first year of activity. (a) Calculate the target cost for one table. Target cost for one table $ (b1) eTextbook and Media Text 12 Attempts: 1 of 1 used If the SG&A portion of that unit cost is estimated to be $7, how much does that leave for the product cost per unit?…benny’s father tim is an inventor and needs help bringing his latest invention to market, so he contacts mary who is a very successful businesswoman and who is always looking for a place to put her money to work for her. mary’s great uncle paul is an inventor also and likes to introduce disruptive ideas into the marketplace, but never asks mary for help.Linda owns a small manufacturing company, Swifty Camping Stuff Co. The company has been working to perfect a lightweight plastic material to be used for a variety of camping products. Linda plans to enter the marketplace with a durable, lightweight folding table. Similar tables regularly sell for $41-$46 for a 6-foot table, so Linda realizes that she'll have to stay within that range. She believes her table could sell on the higher end of this range, however, so she is using a target selling price of $46 for planning purposes. Linda needs to generate an ROI of at least 15% on her invested assets to make this worthwhile in the long term. Her invested assets are $540,000, and she expects to sell 4,050 tables in her first year of activity. (a) Calculate the target cost for one table. Target cost for one table $ T.
- I just want to make sure I am not missing something this is the question I would like help with.Kate Collins has always been good at puting together rhymes for any occasion. Kate is a recent college graduate with a double major in business and art. Kate has always had a bit of an entrepreneurial streak and has decided to open her own business designing and selling greeting cards. Kate decided that she would rent a small studio where she would design the cards on a new Apple iMac that she is planning to purchase. Kate also decided to offer classes in greeting card design to other aspiring greeting card producers. After much thought, Kate decided to name her business " Kate's Cards."Serial Problem Kate's Card Chapter 1 b.SP1 b) What accounting information will Kate need to run her business?My answer is Assets = Liabilities + Owner's Equity, is called the accounting equation. (Wallace, Nelson, & Christensen, 2020) so therefore, she will need a Balance sheet, Income statement and…It started as a personal goal. Molly decided to stay home with her kids rather than work outside of the home, and she felt she needed to be very efficient and mindful in the food she prepared for her family. She shopped sales, and put together weekly meal plans that were nutritious and affordable. After several months, several of her neighbors who still worked outside of the home asked if Molly would take care of their shopping and meal planning in exchange for payment. She agreed to creat a menu and buy the necessary groceries based on in-season produce and local sales, customized to allergy and food preference needs. That was the start of Molly's Meal Maker, a business that now services more than 20 families in her town. She estimates that if she had the capacity, she could quickly have about 200 clients for the business. Molly offers a service similar to national brands (e.g., Hello Fresh). However, she is able to compete based on three competitive advantages. First, her concept is…During the Covid-19 pandemic, Rose Bud lost her job at a property management company. As a result, she decided to pursue her life dream of having her own company. Rose also loves the outdoors and nature. Part of her dreams is to incorporate garden nursery and outdoor elements into her business. Rose’s brother Pino Noir is a winemaker at a big winery. He arranged that Rose could buy the used wine barrels at a good price. Rose turns these wine barrels into pot plant holders. They are a popular choice for instant planter boxes. They're low maintenance, long-lasting, and large enough for roots to flourish. Plus, their traditional rustic oak adds character to any garden space.Consistent with her dreams, Rose started incorporating her new company and named it Go Green. Two years after the start of Covid-19, all is going very well at Go Green and thinking back, starting her own business, is one of the best things that Rose has ever done.To continuously improve her business, Rose has asked you…