Bob have to sell to just meet this profit target

Assignment Help Financial Management
Reference no: EM132006129

Bob's FoodMart is looking at adding ready-to-eat hot dogs to its food offerings. The needed equipment would cost Bob's FoodMart $19,514. Bob's figures it could sell the hot dogs for $2.26 each, and that variable costs (hot dogs, buns, and so forth) would average out to $1.25 per hot dog sold. Bob's does not want to invest in the new equipment unless projected profit is at least $7,139. How many hot dogs would Bob's have to sell to just meet this profit target? (Rounding: tenth of a hot dog.)

Reference no: EM132006129

Questions Cloud

What is the yield to maturity of the bond : What is the yield to maturity of the bond? What is the current yield?
Spot exchange rate would establish the law of one price : What spot exchange rate would establish the Law of One Price in terms of champagne? What is this FX rate called?
Create similar table using specific details on organization : Read the table attached in file below "Examples of Transformational Events Associated with HR Process" from your textbook. Create a similar table.
Calculate annual breakeven sales in units for solar powered : Calculate annual breakeven sales in units for the solar powered flashlight including the required profit of $175,000.
Bob have to sell to just meet this profit target : How many hot dogs would Bob's have to sell to just meet this profit target?
Considering the purchase of new equipment : BC, Inc. is considering the purchase of new equipment. The annual sales are expected to be $699,369, the annual variable costs are expected to be $56,672,
Write a communications plan of american plastics : Write a communications plan not to exceed 1,050 words to support the strategy of American Plastics. Justify why they were important for your strategic HRM.
Discuss conflicting practices you have experienced : Almost every organization with more than 200 employees has at least one significant conflicting HRM practice, which undermines the total performance.
What did the leader say or do to perpetuate that feeling : The textbook lists mutual respect as the basis for empowerment. Share an example of a time when you felt mutual respect with a leader.

Reviews

Write a Review

Financial Management Questions & Answers

  Behavioral critique of the efficient market hypostasis

Assess the credibility of the behavioral critique of the efficient market hypostasis. Provide support for your rationale. Examine the results of technical analysis, and determine whether or not it works. Support your answer.

  What does the manufacturer hope to gain

What does the manufacturer hope to gain?

  Moneymaker has been offered a wonderful savings plan

At a military base in? Texas, Corporal Stan Moneymaker has been offered a wonderful savings plan.

  What is the company cost of preferred stock

Barton Industries can issue perpetual preferred stock at a price of $58 per share. what is the company's cost of preferred stock?

  Calculate the after-tax cost of debt if an interest rate

Calculate the after-tax cost of debt if an interest rate is 14 percent and the tax rate is 22 percent.  Express your answer in percentage.

  Project to improve its production efficiency

Massey Machine Shop is considering a four-year project to improve its production efficiency. Buying a new machine press for $520,000 is estimated to result in $215,000 in annual pretax cost savings. The press falls in the MACRS five-year class, and i..

  Discount rate and the time increase the future value

Other things equal, as the discount rate and the time increase, the future value? remains constant, also increase, decrease, becomes negative, ow will vary but the direction of the change remains unknown

  What is the future value

What is the future value of $2,800 in 18 years assuming an interest rate of 8.1 percent compounded semiannually?

  How much needs to be allocated into account each quarter

How much needs to be allocated into this account each quarter?

  Considering different ways of hedging this risk exposure

You are an analyst who is considering different ways of hedging this risk exposure.

  Difference between Levered Banks ROE and its cost of debt

Suppose Levered Bank is funded with 2% equity and 98% debt. Its current market capitalization is $10 billion, and its market to book ratio is 1. Levered Bank earns a 4.22% expected return on its assets (the loans it makes), and pays 4% on its debt. C..

  Select two related articles regarding investing

Select two related articles regarding investing. One of these articles can be from the "Articles" section under Content. The other article must be recent (within the last three months). Good sources of artcles are from: Kiplinger's Personal Finance, ..

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