What is the incremental pro?t or loss per bustour meal

Assignment Help Financial Accounting
Reference no: EM132825713

Barry's Bar-B-Que is a popular lunch-time spot. Barry is conscientious about the quality of his meals, and he has a regular crowd of 500 patrons for his $11.90 lunch. His variable cost for each meal is about $3.90, and he ?gures his ?xed costs, on a daily basis, are about $3,100. From time to time, bus-tour groups with 50 patrons stop by. He has welcomed them because he has capacity to seat 600 diners in the average lunch period, and his cooking and wait staff can easily handle the additional load. The tour operator generally pays for the entire group on a single check to save the wait staff and cashier the additional time. Due to competitive conditions in the tour business, the operator is now asking Barry to lower the price to $5.40 per meal for each of the 50 bus-tour members. (Negative amounts should be indicated by a minus sign.)

Required:

Problem 1: What is the incremental pro?t (loss) per bustour meal?

Reference no: EM132825713

Questions Cloud

Determine the schedule of assumed loss absorption : The partners agree to liquidate their partnership as soon as possible after January 1, 2021, Determine the schedule of assumed loss absorption
Discuss two areas in the iste standards : From the e-Activity, discuss two areas in the ISTE Standards that you consider to be your strengths and two that you would like to strengthen.
Which tighter probability distribution of expected future : Which tighter the probability distribution of its expected future returns? The smaller the risk of a given investment as measured by its standard deviation.
Discuss bfoqs and business necessity : Discuss BFOQs and/or business necessity. Do you think these situationally-dependent exceptions are fair? Why or why not?
What is the incremental pro?t or loss per bustour meal : Barry to lower the price to $5.40 per meal for each of the 50 bus-tour members. What is the incremental pro?t (loss) per bustour meal?
How does hr add value to become a critical strategic partner : How does HR add value to become a critical strategic partner? Feel free to include any of your personal experiences to illustrate your points as well.
Explain the three primary goals of the evaluation : Explain the three (3) primary goals of the evaluation. Analyze three (3) major cultural or political issues that might be encountered and explain how they might
Research workers compensation act of alberta : Explain the purpose of this Act and how the mental stress of working alone can impact a worker.
How is equity treated and reported differently : Find What are the benefits of the corporation in comparison with the partnership and proprietorship structures? How is equity treated and reported differently

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

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