|Planning Budget | |For the Month Ended January 31 | | | | |Budgeted meals served (q) | 1,500 | | | | |Revenue ($12q) |$18,000 | |Expenses: | | | Cost of ingredients ($3.50q) |5,250 | | Wages ($7,500) |7,500 | | Utilities ($600 + $0.20q) |900 | | Rent ($2,500) | 2,500 | |Total expense | 16,150 | |Net operating income |$ 1,850 | | | | Part (b) Solution (Learning Objective
Project Part B Rick Aguilar Keller School of Management Applied Managerial Statistics MATH 533 Mark Beintema Project Part B Brief Introduction: AJ Davis is a department store chain, which has many credit customers and wants to find out more information about these customers. AJ Davis has complied a sample of 50 credit customers with data selected in the following variables: Location, Income (in $1,000’s), Size (Number of people living in the household), Years (number of years the customer has lived in the current location), and Credit Balance (customers current credit card balance on the store’s credit card, in $). The manager at AJ Davis has speculated the following: a. The average (mean) annual income was less than $50,000. b.
On February 9, 2006, Tesco announced that it planned to move into the United States by opening a chain of small format grocery stores in the Western states (Arizona, California and Nevada) in 2007 named Fresh & Easy. The initial planned capital expenditure is up to ($436m USD) per year. After Tesco CEO Terry Leahy announced serious resources had been committed to developing a format that would be popular with American consumers, investors responded with some skepticism with a small drop in the company's share price. The markets were expected to be around 1,400 square meters (15,000 sq. ft.) good-sized supermarkets in many countries, but about one-third the size of an average supermarket within the US.
They were founded in 1954 by James McLamore and David Edgerton. This fast food chain has been in business for over 50 years and spread across Europe. There are over 12,600 in the United States and more than 80 in other countries worldwide. Burger King states that more than 11 million guests enter the restaurants around the world daily. Burger King is the home of the Whopper as the website states and the prices of the food is low on an average of about seven dollars
(five points)60+40+30 = 130 300-130 = 170 170/130 = 131%Problem 2 - Better Food Company recently acquired an olive oil processing company that has an annual capacity of 2,000,000 liters and that processed and sold 1,400,000 liters last year at a market price of $4 per liter. The purpose of the acquisition was to furnish oil for the cooking division. The cooking division needs 800,000 liters of oil per year. It has been purchasing oil from suppliers at the market price. Production costs at capacity of the olive oil company, now a division, are as follows: Direct materials per liter | $1.00 | Direct processing labor | 0.50 | Variable processing overhead | 0.24 | Fixed processing overhead
Assignment #1 Economics and Ethical Issues Mrs. Acres Homemade Pies In relationship between supply and demand for Mrs. Acres Homemade Pies, according to the growth of production, consumers are willing to buy Shelly pies at $4.50 each with a production of 8000 pies per month with a profit of $12,000. In order to stay at a $12,000 monthly profit, if Shelly decide to raise her price to $9.50 per pie; the impact will decrease the demand for her pies and her production would only have to be 2000 pies per month. The equilibrium price for Shelly pies is $6.00 per pie with a production of 4000 pies a month.
Unit 4 Case Analysis Eddie B. Oliver MKT 645 – Qualitative Research In Consumer Behavior California InterContinental University School of Business Dr. Ebenezer Robinson December 6, 2014 Abstract Wendy's is an international fast food chain restaurant founded by Dave Thomas on November 15, 1969, in Columbus, Ohio, United States. The company moved its headquarters to Dublin, Ohio, on January 29, 2006. As of March 1999, Wendy's was the world's third largest hamburger fast food chain with approximately 6,650 locations, following Burger King's 12,000 plus locations and McDonald's' 31,000 plus locations. On April 24, 2008, the company announced a merger with Triarc, the parent company of Arby's. Despite the new ownership, Wendy's headquarters remained in Dublin.
In the period from 2004 to 2007 the price of competing products had been raised by only 5p. Prices were fixed once a year, to come into force on 1 February, before the annual peak demand which occurred in the spring. In January 2008, John Williams, the marketing manager, met with Andrew Dutton, the chief accountant, to review the company’s pricing policy for the coming year. Permashine Permashine is a proprietary cleaning product for bathrooms and in 2005 had accounted for over 10% of the company’s sales. Although there are a variety of competing products on the market, Permashine has special properties which make it especially suitable for cleaning baths made of acrylic materials.
The Effect of Fast Food Restaurants on Obesity Janet Currie, Stefano DellaVigna, Enrico Moretti, and Vikram Pathania NBER Working Paper No. 14721 February 2009, Revised October 2009 JEL No. I1,I18,J0 ABSTRACT We investigate the health consequences of changes in the supply of fast food using the exact geographical location of fast food restaurants. Specifically, we ask how the supply of fast food affects the obesity rates of 3 million school children and the weight gain of over 3 million pregnant women. We find that among 9th grade children, a fast food restaurant within a tenth of a mile of a school is associated with at least a 5.2 percent increase in obesity rates.
The independent variables used to analyze coefficient of determination here were the average income of food service manager and the average price of pizza in a time series regression analysis. Based on the data collect per the spreadsheet attached, the percent change of the sales is explained by R square percent of 95% change in price of pizza and income. There is positive coefficient between the independent variables and sales. This means as sales increase so does the average food service manager salaries increase by 0.0003 coefficient however price goes down by the 0.25 value. Per the data food service manager salaries are down by 8.9% from last year this time therefore to open a new pizza operation would be a good capitalize managerial decision at this time other cost factors remain the same.