Lisa is considering upgrading the breakfast service to attract more business and increase prices. This will cost an additional $14 for food costs per person per night. She feels she can increase the room rate to $101.00 per person per night. Determine the quantity of rentals and the sales revenue Lisa needs to break even if the changes are made. (Round answers to O decimal places, e.g. 5,275.)
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- ● When might you want to compute the number of periods? ● Suppose you want to buy some new furniture for your family room. You currently have $500, and the furniture you want costs $600. If you can earn 6%, how long will you have to wait if you don't add any additional money?Xia-Ming is considering the expansion of her picture-framing camera business to include the printing of oversize pictures from CDs. She would need to lease equipment, at a cost of $66 per month. To process the pictures, she estimates that she would have supplies expenses of $4 per picture. Xia-Ming estimates that she can sell 60 pictures per month. (a) What price should she charge to break even? (b) Compute the break-even point in sales dollars. The picture frames should be sold for $ to break even. (Round to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) Ask my instructor по C U MB 1 100 U Clear all Check answer TUF GAMING JYSKO PRISCIngrid is planning to expand her business by taking on a new product that costs $7.56. In order to market this new product, $1307.00 must be spent on advertising. The suggested retail price for the product is $11.31. (a) If a price of $14.49 is chosen, how many units does she need to sell to break even? (b) If advertising is increased to $1674.00, and the price is kept at $11.31, how many units does she need to sell to break even?
- You are considering the purchase of a Condo in downtown Toronto that you hope to operate as an Airbnb. The monthly mortgage expenses will be about $2215. You expect the cleaning cost to vary with the daily occupation, at the rate of $ 41 per day of occupation. Renting the Condo at $299 per night. How many days must your Condo be occupied if you want to make a monthly profit of $ 2221? (Please give your answer to two significant decimal figures)Ingrid is planning to expand her business by taking on a new product that costs $6.74. In order to market this new product, $1159.00 must be spent on advertising. The suggested retail price for the product is $14.67. Answer each of the following independent questions. (a) If a price of $17.43 is chosen, how many units does she need to sell to break even? (b) If advertising is increased to $1377.00, and the price is kept at $14.67, how many units does she need to sell to break even? CIDSalam is thinking about opening a lunchtime restaurant on a busy street. Salam estimates that all the restaurants on this street together serve 21,918 lunches on a typical day. Opening the new lunchtime restaurant will require $6,207 in fixed costs. Salam believes that he can earn a margin of $4.10 on each lunch his new restaurant serves. Calculate breakeven MARKET SHARE for Salam's new restaurant. Report your answer as a percent. Report 25.5%, for example, as "25.5". Rounding: tenth of a percent.
- Problem:Ana and Maria decide to open a bagel shop. When they do the calculation, they found out that if they buy from the local bakery they will need airtight containers at a fixed cost of P5000 annually. They can buy the bagels for P2 each. If they make the bagels in-house they will need a small kitchen at a fixed cost of P5500 annually. It will cost them $1 per bagel to make. Question: 1. How many bagels do they need to sell to have? Show your solution thank you!A real estate agent is considering changing her land line phone plan. There are three plans to choose from, all of which involve a monthly service charge of $20. Plan A has a cost of $.38 a minute for daytime calls and $.17 a minute for evening calls. Plan B has a charge of $.47 a minute for daytime calls and $.14 a minute for evening calls. Plan C has a flat rate of $75 with 275 minutes of calls allowed per month and a charge of $.36 per minute beyond that, day or evening. a. Determine the total charge under each plan for this case: 120 minutes of day calls and 40 minutes of evening calls in a month. b. If the agent will only use the service for daytime calls, over what range of call minutes will each plan be optimal? (Round your answer to the nearest whole number.) Plan A is optimal from zero to_________minutes. Plan C is optimal from____________minutes onward. c. Suppose that the agent expects both daytime and evening calls. At what point (i.e., percentage of total call minutes used…Your friend would like to add an addition to the home. The home was originally purchased for $175,000. The addition would cost $38,000. You expect the addition can improve its value by 4% 1. What is the ROI (write as a percentage)? 2. Is it a good idea (Yes or No, based on ROI)?
- Teresa's taco truck currently sells 2,500 tacos per day, for $6 each. Teresa estimates that, for each $1 she Increases the price of a taco, she will sell 300 less tacos per day (fewer people will want to buy if the price Increases). 1. How much money does Teresa currently make (total) per day? 2. How much revenue would she make If she Increased the price of a taco to $7 and she sold 300 fewer tacos? 3. Find a function that glves the quantity sold in terms of the price. (Hint, find two points and then find the linear equation between them.) 4. Find a function that models Teresa's revenue per day in terms of the price of a taco. (Hint: Revenue=quantity times price.) 5. Find the taco price and total revenue that maximizes revenue per day from taco sales. Round your answer(s) to the nearest cent.A real estate agent is considering changing her land line phone plan. There are three plans to choose from, all of which involve a monthly service charge of $20. Plan A has a cost of $.37 a minute for daytime calls and $.16 a minute for evening calls. Plan B has a charge of $.46 a minute for daytime calls and $.14 a minute for evening calls. Plan C has a flat rate of $75 with 300 minutes of calls allowed per month and a charge of $.34 per minute beyond that, day or evening. a. Determine the total charge under each plan for this case: 130 minutes of day calls and 50 minutes of evening calls in a month. (Do not round intermediate calculations. Round your answer to 2 decimal places.) Cost for Plan A Cost for Plan B Cost for Plan C $ $ $ b. If the agent will only use the service for daytime calls, over what range of call minutes will each plan be optimal? (Round each answer to the nearest whole number. Include the indifference point itself in each answer.) Plan A is optimal from zero to…Gloria is planning on opening a cake shop. She has found a location that rents for $15,550 per year and it will cost her another $13,716 to furnish the shop and purchase all the necessary equipment. She plans on charging $20 for a cake and it will cost her $3 per cake for ingredients and $1.92 per cake for decorations and $1.59 per cake for the beautiful, colorful to-go boxes. What is the dollar breakeven point she will need to earn to cover her costs in the first year? Round to the nearest whole number.