18 Medro Sat Down And Thought About The Information Needed To Do His Monthly Breakeven Analysis For The Coffee Drinks He 1 (37.99 KiB) Viewed 40 times
18 Medro Sat Down And Thought About The Information Needed To Do His Monthly Breakeven Analysis For The Coffee Drinks He 2 (39.51 KiB) Viewed 40 times
18 Medro sat down and thought about the information needed to do his monthly breakeven analysis for the coffee drinks he sells. He came up with the following 2 equations after collecting all the data regarding selling price, fixed cost, and variable cost: TR = 2Q (The Total Revenue Equation) (The Total Cost Equation) TC = 2750 +0.75Q How many coffee drinks must he sell each day in order to make a monthly profit of 4000 KD if he is open 30 days each month? (6 Points) a. 5400 b. 33.33 C. 180 d. 81.82 e. none of the above 19 Medro wants to decide if he should make a new sandwich he will call "Super" or not. It will cost him 0.500 KD to make this sandwich. He will sell it for 1 KD. His fixed costs per month. will be 1500 KD. If he expects to sell 1000 "Super" sandwiches/week, should he make this sandwich? (6 Points) a. No Ob. Yes
15 In order to be able to design a system that quickly serves customers, Medro studied how McDonalds is able to serve a meal in less than 1 minute. What Medro did is known as benchmarking. (4 Points) a. correct b. not correct 16 Medro was going over his notes from GUST. He read: "Manufacturing organizations have a production function because they produce tangible goods. Service organizations don't have a production function because services cannot be produced, they can only be delivered". He thinks this statement is false. (4 Points) a. Medro's thinking is correct b. Medro's thinking is not correct
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