Question

In: Accounting

Bridget LogueLogue is getting ready to open a small restaurant. She is on a tight budget...

Bridget LogueLogue is getting ready to open a small restaurant. She is on a tight budget and must choose between the following? long-distance phone? plans:

Plan? A:

Pay 8 cents per minute of? long-distance calling.

Plan? B:

Pay a fixed monthly fee of $18 for up to 340 ?long-distance minutes and 6 cents per minute thereafter? (if she uses fewer than 340
minutes in any? month, she still pays $18 for the? month).

Plan? C:

Pay a fixed monthly fee of $24 for up to 460 long-distance minutes and 5 cents per minute thereafter? (if she uses fewer than 460
?minutes, she still pays $24 for the? month).

Requirement 1. Match the graphs to the total monthly costs of the three plans for different levels of monthly? long-distance calling.

Before we match the graphs to the? plans, complete the following? table, calculating the total costs for each plan at each of the different minute levels. ?(Round to the nearest? cent.)

Plan

100 minutes

340 minutes

540 minutes

A

B

C

Solutions

Expert Solution

Calculation of Total Cost for each Plan at each of the different Minutes Level

Plan

100 Minutes

340 Minutes

540 Minutes

A

$                  8.00

$                27.20

$                   43.20

B

$                18.00

$                18.00

$                   30.00

C

$                24.00

$                24.00

$                   28.00

Calculations

Plan

100 Minutes

340 Minutes

540 Minutes

A

(100*0.08)

(340*0.08)

(540*0.08)

B

(18)+(0*0.06)

(18)+(0*0.06)

(18)+(200*0.06)

C

(24)+(0*0.05)

(24)+(0*0.05)

(24)+(80*0.05)



Related Solutions

Juanita is getting ready to do her taxes. She is single and lives in San Francisco.
2. Taxes paid for a given income levelJuanita is getting ready to do her taxes. She is single and lives in San Francisco. Juanita earned $100,000 in taxable income in 2015. She reviews the following table, which shows the IRS tax rates for a single taxpayer in 2015.On Annual Taxable Income...The Tax Rate Is...(Percent)Up to $9,22510.0From $9,225 to $37,45015.0From $37,450 to $90,75025.0From $90,750 to $189,30028.0From $189,300 to $411,50033.0From $411,500 to $413,20035.0Over $413,20039.6Based on the IRS table, Juanita calculates that her...
The Jarrad Corporation's management team is getting ready to prepare its master budget for one it......
The Jarrad Corporation's management team is getting ready to prepare its master budget for one it... The Jarrad Corporation's management team is getting ready to prepare its master budget for one its product lines for the year 2019. The company produces caramel lollipops which are basically cooked down sugar on a stick, a diabetics nightmare along with many other sweet treats. Budgeted sales of the lollipops for each quarter of 2019 are as follows: 1st Quarter-12,500 cases 2nd Quarter-14,000 cases...
The Jarrad Corporation's management team is getting ready to prepare its master budget for one its...
The Jarrad Corporation's management team is getting ready to prepare its master budget for one its product lines for the year 2019. The company produces caramel lollipops which are basically cooked down sugar on a stick, a diabetics nightmare along with many other sweet treats. Budgeted sales of the lollipops for each quarter of 2019 are as follows: 1st Quarter-12,500 cases 2nd Quarter-14,000 cases 3rd Quarter-25,500 cases 4th Quarter-34,900 cases There are 100 lollipops in a case and each sells...
The Jarrad Corporation's management team is getting ready to prepare its master budget for one its...
The Jarrad Corporation's management team is getting ready to prepare its master budget for one its product lines for the year 2019. The company produces caramel lollipops which are basically cooked down sugar on a stick, a diabetics nightmare along with many other sweet treats. Budgeted sales of the lollipops for each quarter of 2019 are as follows: 1st Quarter-12,500 cases , 2nd Quarter-14,000 cases , 3rd Quarter-25,500 cases , 4th Quarter-34,900 cases There are 100 lollipops in a case...
The Jarrad Corporation's management team is getting ready to prepare its master budget for one its...
The Jarrad Corporation's management team is getting ready to prepare its master budget for one its product lines for the year 2019. The company produces caramel lollipops which are basically cooked down sugar on a stick, a diabetics nightmare along with many other sweet treats, Budgeted sales of the lollipops for each quarter of 2019 are as follows: 1st Quarter-12,500 cases 2nd Quarter-14,000 cases 3rd Quarter-25,500 cases 4th Quarter-34,900 cases There are 100 lollipops in a case and each sells...
a. A trendy French restaurant is one of the first businesses to open in a small...
a. A trendy French restaurant is one of the first businesses to open in a small corner of a commercial building still under construction. The restaurant has received rave reviews and has lines of diners waiting for tables most nights. i. In the short run (next few months), what measures should the restaurant take to maximize its profit? Explain. ii. In the long run (next six months and beyond), how can it maximize its profit? (Assume that the impressive state...
A small-town restaurant owner understands that she needs to meet or exceed customers' expectations. Therefore, she...
A small-town restaurant owner understands that she needs to meet or exceed customers' expectations. Therefore, she must first: Group of answer choices know where customers live. know how often consumers buy their products. determine what those expectations are. recognize that expectations are tangible. empower customers to meet their own expectations. 2. If a product's sales are rising, profits are rising rapidly, and there are a small but increasing number of competitors, this product is most likely in the ________ stage...
Susan is getting ready to do her taxes. She is single and lives in Detroit. Susan earned $70,000 in taxable income in 2015.
3. Taxes paid for a given income levelSusan is getting ready to do her taxes. She is single and lives in Detroit. Susan earned $70,000 in taxable income in 2015. She reviews the following table, which shows the IRS tax rates for a single taxpayer in 2015.On Annual Taxable Income...The Tax Rate Is...(Percent)Up to $9,22510.0From $9,225 to $37,45015.0From $37,450 to $90,75025.0From $90,750 to $189,30028.0From $189,300 to $411,50033.0From $411,500 to $413,20035.0Over $413,20039.6Based on the IRS table, Susan calculates that her marginal...
Bridget Jones has a contract in which she will receive the following payments for the next...
Bridget Jones has a contract in which she will receive the following payments for the next five years: $19,000, $20,000, $21,000, $22,000, $23,000. She will then receive an annuity of $26,500 a year from the end of the sixth year through the end of the 15th year. The appropriate discount rate is 18 percent. a. What is the present value of all future payments?
Bridget Jones has a contract in which she will receive the following payments for the next...
Bridget Jones has a contract in which she will receive the following payments for the next five years: $22,000, $23,000, $24,000, $25,000, and $26,000. She will then receive an annuity of $28,000 a year from the end of the 6th through the end of the 15th year. The appropriate discount rate is 12 percent. a. What is the present value of all future payments? Use Appendix B and Appendix D for an approximate answer, but calculate your final answer using...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT