User Account

All Pages

What is the unit cost of a cup of lemonade

Assignment Help Accounting Basics
Reference no: EM131765851

Question - During the spring semester an enterprising junior decided to operate a Larry's Lemonade stand at the beach rather than work at his normal summer job. This franchise offers a single product that is available in a single size. The variable cost per cup is estimated to be $.20. The fixed costs (fees, permits, rental of concession stand, etc) are estimated to be $4000.

What is the unit cost of a cup of lemonade if he anticipates selling 5000 cups during the course of the summer?

Reference no: EM131765851

Questions Cloud

Develop a low-fidelity prototype : HS2031 Human Computer Interaction - Perform a user analysis. You must have a clear view of the users of this system. Consider that not everyone is comfortable
Same amount of monatomic ideal gas : Two containers (call them A and B) with the same initial volume , V=47L, hold the same amount of monatomic ideal gas, say helium, at the same
Discuss what is its margin of safety : If Hudson achieves its target pretax income for 2016, what is its margin of safety
Determine that the income effect is descriptive : Song earns $315,000 taxable income as an interior designer and is taxed at an average rate of 30 percent (i.e., $94,500 of tax).
What is the unit cost of a cup of lemonade : What is the unit cost of a cup of lemonade if he anticipates selling 5000 cups during the course of the summer
Heat the water in a hot water heater : How much electrical energy is needed to heat the water in a hot water heater with a capacity of 40 gallons from 60°F to 110°F?
Prepare the issuer journal entry to record interest payment : On January 1, 2007, a company issued 10-year, Prepare the issuer's journal entry to record the first semiannual interest payment on July 1, 2007
Explains the concept of confirmation bias : Explains the concept of confirmation bias using very simple words to make the viewer understand the theoretical and practical concept of confirmation bias.
Record equipment depreciation expense of corporation : The Stacey Corporation spent $90,000 for equipment. The equipment was expected to have a 6-year life and a residual value of $12,000.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Probability distribution of car arrivals

The number of cars arriving at Joe Kelly's oil change and tune-up place during the last 200 hours of operation is observed to be the following: Determine the probability distribution of car arrivals.

  Should hart lower the price of a lead test

Prepare a 2018 sales budget for Hart & Sons assuming that Hart lowers the price of a lead test to $200. Should Hart lower the price of a lead test in 2018.

  What amount should zipline report as a loss on sale

Zipline Inc. factored, with recourse, $175,000 of accounts receivable with Lewis Financing. The finance charge is 3.5%, and 5% was retained to cover sales.

  The trial balance of dynamite laundry at july 31 2006 the

the trial balance of dynamite laundry at july 31 2006 the end of the current fiscal year and the data needed to

  How many shares of common stock are outstanding

How many shares of common stock are outstanding? Assuming there is a stated value, what is the stated value of the common stock

  Resulting number of common shares issued

Corporation has $10 par value common stock with 1000000 shares authorized, and a value of 7000000 before purchasing 3000 shares of common stock. the resulting number of common shares issued and outstanding is?

  In october 2012 melissa purchased a playground set at a

1. which of the following statements is most likely true for jared a typical individual taxpayer in the 35 tax

  How many enforcement actions does the sec take

How many enforcement actions does the SEC take

  Prepare the journal entries required on each date given

Assume that MetroMedia management purchased the Mitek stock as trading securities. Prepare the journal entries required on each date given.

  Meir benson and lau are partners and share income

Assume that Benson does not retire from the partnership described in Part 1.

  Machine sale-book value-journal entry

On January 1, Year 1, Jayco purchased a machine for $6,000. It had an estimated salvage value of $1,200 and a life of six years. The straight-line method of depreciation was used. At, midyear in Year 4, Jayco sold the machine for $4,500 cash.

  Assignment-cost-volume and profit formulas

Review the following illustrations found in Ch. 6 of your text: 6-12, 6-15, 6-17, 6-18, 6-19, & 6-20. Write a 350- to 700-word paper that addresses the following: Explain the components of cost-volume-profit analysis.

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