User Account

All Pages

Evaluate the analysis that has been prepared by manager

Assignment Help Accounting Basics
Reference no: EM131592857

Problem - Drop Product line: retailer

George Street Deli's owner in disturbed by the poor profit performance of his gelato bar. He has prepared the following profit analysis:

Sales

 

$67,500

Less Cost of food

 

30,000

Gross margin

 

$37,500

Less Operating expenses:

 

 

Wages of counter staff

$18,000

 

Paper products (e.g. serviettes)

6,000

 

Utilities (allocated)

4,350

 

Depreciation of counter equipment and furnishings

3,750

 

Depreciation of building (allocated)

6,000

 

Deli manager's salary (allocated)

4,500

 

Total expenses

 

42,600

Loss on gelato bar

 

$(5,100)

Required:

1. Evaluate the above analysis that has been prepared by the manager.

2. Provide a correct analysis and assess whether or not the gelato bar should be continued.

Reference no: EM131592857

Questions Cloud

Environmental hazards and health outcomes : Identify and explain the types of associations found between environmental hazards and health outcomes.
Financial resources impacted in business : How are economics, natural resources, human resources, and financial resources impacted in business?
Describe the buddhist perspective of death : Describe the Buddhist perspective of death, paying particular attention to the different meanings of karma, the two types of death, and transmigration.
What do you know about favorite serial killer : Name your favorite serial killer, What do you know about this killer, How would you profile him with the knowledge you have thus far
Evaluate the analysis that has been prepared by manager : George Street Deli's owner in disturbed by the poor profit performance of his gelato bar. Evaluate the above analysis that has been prepared by the manager
Compute amr corporation pension expense : AMR Corporation (parent company of American Airlines) reported the following for 2011 (in millions).
Magic castle to tinker bell as follows : "To Tinker Bell so long as she manufactures magic pixie dust at the castle." Tinker Bell stops manufacturing pixie dust.
Demonstrate knowledge of methods to successfully engage : Demonstrate knowledge of methods to successfully engage others for a specific task.Analyze leadership qualities that facilitate collaboration and cooperation.
Summarize the condition associated with an appropriate death : Suggest and evaluate at least three societal applications of death education. Summarize the conditions associated with an appropriate death.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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