Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. select one: a. 6,250 b. 13,750 c. 4,250 d. 1,750

Select one: A. 6,250 B. 13,750 C. 4,250 D. 1,750 ...

90.2K

Verified Solution

Question

Accounting

Select one: A. 6,250 B. 13,750 C. 4,250 D. 1,750

image

Mrs Jolly always made the wedding cake for family and friends whenever the need arose. Feedback was always very positive and Mrs Jolly began to consider whether or not it would be worth setting up in business. To determine the viability of the project, she has gathered the following budgeted annual information Selling price per cake 100 Advertising and publicity 2,500 Ingredients per cake 40 Annual salary for an assistant 5,000 Decorations per cake In addition, she would need to invest f10,000 for a dedicated kitchen area in her house for the new venture. This would last her five years. If 250 wedding cakes were made in the year, what profit would be earned

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Given the value domain by R 2 x 4 y x 2

Calculus
Q

8.00g of NaOH are dissolved in water to make 3.00L of solution. What is the concentration...

Chemistry
Q

  As the manager in a small company you have noticed the growing trend of de-motivation among your...

Psychology
Q

What is an Ethics Compliance Program designed to accomplish? What are the minimum requirements of such...

General Management
Q

Answer each question by True or False. Justify your answer. (1) True or False? The set...

Advance Math
Q

How do banksbenefit from givingpeople loans?A. It makes banks happyto help people reach theirdreams.B. They...

Biology
Q

The number of questions marked incorrect on a final y is dependent on the number...

Statistics
Q

11) When allocating purchase costs between land and building...

Accounting
Q

4. The Accounts receivable balance for Turning Leaves Furniture Restoration at December 31, 2010, was...

Accounting
Q

19 Atem has sales of $60,000. costs of 3421000 depreciation expense of $65.000, internet exponit...

Finance
Q

plz explain. Complete the pro forma income statement below: (Round to the nearest dollar.)

Finance
Q

RightPrice Investors, Inc., is considering the purchase of a $361,000 computer with an economic life...

Finance