What would the total meal cost per resident day be next year given the following: 275 resident at 80%occupancy this year and next year Current food cost per resident day is $8.25, increasing by 3% nextyear All other expenses including labour are $689,000 this year, with no increase next year Question 38options: $15.11 $15.36 $17.08 $16.83

Important Point = Variable cost per unit is (regid) remains constant . It is not change due to…

Answered: What would the total meal cost per…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Chapter 8 Consumer Purchasing Strategies and Legal Protection Financial Planning Question 1
Accumulating a growing future sum Personal Finance Problem A retirement home at Deer Trail Estates now costs $145,000. Inflation is expected to cause this price to increase at 4% per year over the 25 years before C. L. Donovan retires. If Donovan earns 9% on his investments, ow large must an equal, end-of-year deposit must be to provide the cash needed to buy the home 25 years from now? The equal, annual end-of-year deposit to be made each year into the account is $ (Round to the nearest cent.)
Q37
None
Do you want to be one of the first people to take a commercial flight to outer space which means that you need to save $3522922. However, currently only have 2333723 in your savings account. Based on an analysis of your monthly budget, you can find a way to add 3437 per month to your account until you have enough. You can earn on average 12.2% APR in your account, compounded monthly how many years will you need to work before you can experience the weightlessness of the final frontier?
persnal Finance Problem A retirement home at Deer Trail Estates now costs $137,000 Inflation is expected to cause this price to increase at 4% per year over the 22 years before C. L. Donovan retires. If Donovan earns 8% on his investments, ow large must an equal, end-of-year deposit must be to provide the cash needed to buy the home 22 years from now? the equal, annual end of year deposit to be made each year into the account is (Round to the nearest cent)
Use the following to answer questions 31 – 33 You want a new car. At the dealership, you find a car that you like. The dealership gives you two payment options: 1. Pay $23,000 in cash for the car today...OR Pay $370.41 at the end of each month for six years at 5% (0.41667% monthly for 72n). 2. How much CASH (in total) up paying if you choose to make monthly 31. $ will you end payments for the car? 32. How much interest (in total) $ will you pay if you choose to make payments instead of paying cash for the car today? 33. $ How much interest has accrued by the time the first car payment is due (round to two decimal places)?
Problem 04.045 - Effort to save money for early retirement In an effort to save money for early retirement, an environmental engineering colleague plans to deposit $1300 per month, starting one month from now, into a fixed rate account that pays 8% per year compounded annually. How much will be in the account at the end of 16.00 years? At the end of 16.00 years, the account will be $ 500068
Using the BA II Plus how do I find the solution to The Humpty Dumpty Food Store will be setting aside 35,000 each quarter starting next quarter, for the next four years. How much money will the firm have in four years if it can earn 6.25 % on its savings?
62
Q1. The monthly fixed costs of operating a 20 room motel are $28,000. The price per room per night ( or per unit) is set at $110. The variable cost per day, per room ( or per unit) is $12 for maid service, $6 for toiletry supplies and laundry, and $6 for heat and utilities. a. Find the break-even quantity ( or Q) for a month for the motel.(Hint: Round off the Q) b.The owner is planning to reduce his price to $ 100 per room per night; what is his profit for the month assuming all rooms are occupied? ( Hint: One month has 30 days)
Golden Gate Novelties (GGN) sells souvenir key chains at the local airport. GGN charges $12.00 per chain. The variable cost for a chain, including the wholesale cost of the chain, packaging, the commission paid to the airport operator, and so on, is $10.40. The annual fixed cost for GGN is $15,000. Required: a. How many cases must Golden Gate Novelties sell every year to break even? Note: Do not round intermediate calculations. b. The owner of GGN believes that the company can sell 12,500 chains a year. What is the margin of safety in terms of the number of chains? a. Break-even point b. Margin of safety chains chains

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