Read the selection for questions 6-10.Junedyl is planning to run a coffee shop where he plans to sell each cup ofcoffee at P50.00. The fixed cost that is amounting to P40,000.00 includes all hisexpenses for the rent, wages, basic needs and others. So even if Junedyl will not beable to sell, he is still obliged to pay this amount. If it costs Junedyl an average ofP10.00 for every cup of coffee which is allotted for the bulk of coffee beans, purifiedwater and coffee filters, then:6. What equation represents the variable cost (VC) when x is the number of cupsof coffee?а.VC = 5xb.VC = 10x5.VC =с.d.VC =7. What is the break-even quantity?50 cups of coffee100 cups of coffee500 cups of coffee1,000 cups of coffeeа.b.с.d.8. Which of the following ordered pairs determine a break-even point?(500, 1000)(1000, 50000)(1500, 50000)(5000, 1000)a.b.с.d.9. How much profit will he earn if he sells 500 cups?а.P20,000.00b. P40,000.00incur loss of P20,000.00с.d.cannot be determined10. How many cups of coffee must be sold to earn a profit of P50,000.00?1,250b. 1,500а.2,250d. 2,500с.

6) Variable cost = 10 x ( P 10 is the average cost per cup of coffee and x is the number of…

Read the selection for questions 6-10. Junedyl is planning to run a coffee shop where he plans to sell each cup of coffee at P50.00. The fixed cost that is amounting to P40,000.00 includes all his expenses for the rent, wages, basic needs and others. So even if Junedyl will not be able to sell, he is still obliged to pay this amount. If it costs Junedyl an average of P10.00 for every cup of coffee which is allotted for the bulk of coffee beans, purified water and coffee filters, then: 6. What equation represents the variable cost (VC9 when x is the number of cups of coffee? а. VC = 5x b. VC = 10x с. VC = d. VC = 7. What is the break-even quantity? 50 cups of coffee 100 cups of coffee 500 cups of coffee 1,000 cups of coffee а. b. с. d. 8. Which of the following ordered pairs determine a break-even point? (500, 1000) (1000, 50000) (1500, 50000) (5000, 1000) a. b. с. d. 9. How much profit will he earn if he sells 500 cups? а. P20,000.00 b. P40,000.00 incur loss of P20,000.00 с. d. cannot be determined 10. How many cups of coffee must be sold to earn a profit of P50,000.00? 1,250 b. 1,500 a. с. 2,250 d. 2,500

Read the selection for questions 6-10. Junedyl is planning to run a coffee shop where he plans to sell each cup of coffee at P50.00. The fixed cost that is amounting to P40,000.00 includes all his expenses for the rent, wages, basic needs and others. So even if Junedyl will not be able to sell, he is still obliged to pay this amount. If it costs Junedyl an average of P10.00 for every cup of coffee which is allotted for the bulk of coffee beans, purified water and coffee filters, then: 6. What equation represents the variable cost (VC9 when x is the number of cups of coffee? а. VC = 5x b. VC = 10x с. VC = d. VC = 7. What is the break-even quantity? 50 cups of coffee 100 cups of coffee 500 cups of coffee 1,000 cups of coffee а. b. с. d. 8. Which of the following ordered pairs determine a break-even point? (500, 1000) (1000, 50000) (1500, 50000) (5000, 1000) a. b. с. d. 9. How much profit will he earn if he sells 500 cups? а. P20,000.00 b. P40,000.00 incur loss of P20,000.00 с. d. cannot be determined 10. How many cups of coffee must be sold to earn a profit of P50,000.00? 1,250 b. 1,500 a. с. 2,250 d. 2,500

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

Ahmed is considering his plans for the coming weekend. He is currently working as a marketing specialist in a big advertising company. He normally spends the weekend with family but this weekend he is thinking of going on a camping trip that would cost him about $1,000. At the same time, his manager asked him whether he can help during the weekend and the company will be willing to pay him an overtime bonus of $2,500. If Ahmed goes on the camping trip, he can manage to provide a number of quick consultancy services that would earn him around $1,900. If Ahmed decided to go on the camping trip what would be the incremental cost of that ?($) decision 900 .a O 1,900 .b O 2,500 .CO None of the given answers 1,000 e O
Karl Yates needs $6,000 to pay for the remodeling work on his house. A contractor agrees to do the work in 10 months. How much should Karl deposit at 6.9% in order to accumulate the $6,000 by that time? Karl should deposit $ (Round to the nearest cent.)
help in this urgent
Wendell rents a stall in the public market for ₱7,000.00 a month. He has a helper who helps in his business and he pays him salary of ₱8,000 a month. He orders fresh chicken from a supplier that cost him ₱145.00 per kilo. He sells the chicken to his customers at ₱160.00 per kilo. How many kilos of chicken does Mark need to sell to break-even?
Kevin's weekly pay is $500, plus a 2% commission on the total value of his weekly sales. This week Kevin needs to earn at least $1200. In order to reach his goal, what do Kevin's sales need to be?
Ernie Bilko has a business idea. He wants to rent an abandoned gas station for just the months of November and December. He will convert the gas station into a drive-through Christmas wrapping station. Customers will drive in, drop off their gifts, return the next day, and pick up their wrapped gifts. He needs $338,500 to rent the gas station, purchase wrapping paper, hire workers, and advertise. If he borrows this amount at 6 and 1/2% interest for those two months, what size lump sum payment will he have to make to pay off the loan? (Round your answer to the nearest cent.)
Your grandma pays upfront for you to go on the overnight trip with the school, which cost $340. You make a deal that you'll give her $25 per month until you pay all back. How will you pay grandma?
Please answer all parts of the question
15. Salim is financial advisor and consultant. He wishes to go to Salalah during Al Khareef season. He is considering two alternatives. The first one is to drive to Salalah. This option is expected to cost Salim about $ 150 in fuel cost. Salim also can invite three of his friends to join the trip. Each one of them is expected to pay Salim $ 40. The other option for Salim is to use Muwasalat bus service. Under this option Salim will also need to rent a car once he arrives to Salalah. The total cost of this option including the bus ticket and the car rental is $ 400. Because the bus trip takes about 11 hours, Salim can use the time to provide consultation services that are expected to earn him $ 500 in total. If Salim decided to use the bus to Salalah, what would be the differential revenue ($) of the that option?
Taibi Hafid is considering the purchase of a used car. The price, including the title and taxes, is $10,500. Taibi is able to make a $2,500 down payment. The balance, $8,000, will be borrowed from his credit union at an interest rate of 10% compounded daily. The loan should be paid in 48 equal monthly payments. Compute the monthly payment. What is the total amount of interest Taibi has to pay over the life of the loan?
Ali is a student at the University. He recently purchased a car for OMR5,000 to use it for going to the University. Ali also expects that other friends might ask for transportation from him. He expects a total monthly revenue of OMR50. He expects fuel cost to be OMR30 per month. One of Ali's friends is a taxi driver. He offered Ali to take him to University for a monthly fee of OMR20. Because he does not have to drive, Ali believes that he can perform online work that would earn him a monthly revenue of OMR20, What is the differential revenue in this scenario? Select one: O a. OMR50 Ob OMR30 Oc. OMR40 0d. OMR2D e OMR10
Charlotte has just finished her MBA and started a career in banking investment, she wanted to have a new car as soon as possible. The price of the car is $ 28,320. She must also have clothes and coats for the job which costs $ 3,248. The salary for his job this year is $ 42,000 and next year it will be increasing to $ 46,000. The cost of living this year is $ 34,000. Charlotte plans to make the difference between income and expenditure for consumption by borrowing. Interest on the loan is 15% per year. Charlotte wants to pay the loan and interest within a year. How much money is left for next year that Charlotte can spend (consume)?