Samantha Kelly, a student at SWOSU, plans to open a barbeque stand inside SWOSU’s Milam stadium...

Samantha Kelly, a student at SWOSU, plans to open a barbeque stand inside SWOSU’s Milam stadium during home games. There are seven home games scheduled for the upcoming season. The football season is 14 weeks or 98 days long. She must pay the SWOSU athletic department a vendor’s fee of $3,000 for the season. Her stand and other equipment will cost her $2,500 for the season. She estimates that each chopped beef brisket sandwich she sells will cost her $1.75. She has talked to friends at other universities who sell food at games. Based on their information and the athletic department’s forecast that each game will sell out, she anticipates that she will sell approximately 675 chopped beef brisket sandwiches during each game. What price should she charge for a chopped beef brisket sandwich in order to break even for the season. Write an analysis of your calculations and discuss what Samantha should do based on your calculations.

Expert Solution

Sell approximately 675 chopped beef brisket sandwiches during each game
There are seven home games scheduled for the upcoming season
Total chopped beef brisket sandwiches sold during season (675*7)			4725

Vendor’s fee of $3,000 for the season			3000
Stand and other equipment will cost			2500
Total fixed cost			5500
Divided by : chopped beef brisket sandwiches sold during season			4725
Fixed cost per chopped beef brisket sandwich			1.164021

Fixed cost per chopped beef brisket sandwich			1.164021
Add: variable cost per chopped beef brisket sandwich			1.75
Price should she charge for a chopped beef brisket sandwich in order to break even for the season			2.914021
Price should she charge for a chopped beef brisket sandwich in order to break even for the season (Rounded)			2.91

Samantha should set minim price unit for achieve break-even sales is 2.91

ekkarill92 answered 1 year ago

Samantha sells chopped beef brisket sandwiches at a barbeque stand inside SWOSU’s Milam stadium during home...

Samantha sells chopped beef brisket sandwiches at a barbeque stand inside SWOSU’s Milam stadium during home games and she has decided also to sell the sandwich that resulted from the decision analysis she performed earlier (see Appendix C in Module 2). Each chopped beef brisket sandwich contains 1 bun, 1 ounce of barbeque sauce, and 6 ounces of beef brisket. The specialty sandwich contains 1 bun, 1 ounce of chili, 1 ounce of Fritos, and 4 ounces of hamburger meat....

Bubba runs a barbeque stand that he sets up outside the Cardinal football stadium on the...

Bubba runs a barbeque stand that he sets up outside the Cardinal football stadium on the day of home football games. His specialty is smoked turkey legs and he has to smoke them the day before the game so they will be ready to sell on game day. He does not want to have too many prepared because if he does not sell them they will go to waste. On the other hand he makes about a 50% profit on...

. Gino’s barbeque is known for its famous spareribs, which are cooked in an open pit....

. Gino’s barbeque is known for its famous spareribs, which are cooked in an open pit. However, some neighbors complained about the smoke, and the city adopted an ordinance that made such open pits illegal. Could this ordinance be a regulatory taking? If so, what would be the measure of Gino’s loss? How might the city seek to avoid paying compensation?

Samantha plans to invest some money so that she has $4,800 at the end of three...

Samantha plans to invest some money so that she has $4,800 at the end of three years. Determine how much should she invest today given the following choices: (Do not round intermediate calculations and round your final answer to the nearest penny.) a. 4.2 percent compounded daily. Amount required to be invested $ b. 4.9 percent compounded monthly. Amount required to be invested $ c. 5.2 percent compounded quarterly. Amount required to be invested $ d. 5.4 percent compounded annually....

In an amusement park ride called The Roundup, passengers stand inside a 19.0 m -diameter rotating...

In an amusement park ride called The Roundup, passengers stand inside a 19.0 m -diameter rotating ring. After the ring has acquired sufficient speed, it tilts into a vertical plane a)Suppose the ring rotates once every 4.50 s . If a rider's mass is 55.0 kg , with how much force does the ring push on her at the top of the ride? b)Suppose the ring rotates once every 4.50 s . If a rider's mass is 55.0 kg ,...

The Problem: The air inside an inflatable stand-up paddle board is 68.0°F and a gauge measures...

The Problem: The air inside an inflatable stand-up paddle board is 68.0°F and a gauge measures the pressure of this air to be 10.0 psi. If the volume of the air inside the board is reduced by 12.0% and the temperature increases to 102.2°F, what is the final gauge pressure of this air, in psi? (1.00 psi = 0.0680 atm) Intermediate steps: a.) This problem requires use of the ideal gas law, which can be expressed separately for the two...

The Montgomery Biscuits recently announced plans to build a new $35,000,000 baseball stadium in Montgomery, Alabama....

The Montgomery Biscuits recently announced plans to build a new $35,000,000 baseball stadium in Montgomery, Alabama. The Biscuits play in the Southern League and are the Double-A farm club of the Tampa Bay Rays. The operating costs of the new 10,000 seat stadium are expected to average $300,000 per year for the first fifteen years, then they are expected to increase by $20,000 per year for the next ten years, after which they will remain constant throughout the life of...

Nora plans to open Nora's Nursery, a plant sales and plant supplies outlet, and she plans...

Nora plans to open Nora's Nursery, a plant sales and plant supplies outlet, and she plans to hire Mike, Ryan and Christy. Nora will invest only her own money. She does not expect to make any profit for at least two years and to make almost no profit for the first three years, but she hopes to expand eventually. Which form of business organization would be most appropriate? What are the chief characteristics, advantages, and disadvantages of this form of...

First Saudi cinema in 35 years to open on April 18 AMC plans to open its...

First Saudi cinema in 35 years to open on April 18 AMC plans to open its first new movie theater in the Saudi capital of Riyadh on April 18 Some 350 cinemas with more than 2,500 screens will be opened by 2030. The Saudi Ministry of Culture and Information has signed an agreement with AMC to open around 40 cinemas in 15 cities in Saudi Arabia over the next five years. The license, the first of its kind, will allow...

1. Precision Manufacturing, Inc. plans to open a new plant in Missouri. The company can open...

1. Precision Manufacturing, Inc. plans to open a new plant in Missouri. The company can open a full-sized plant now or a medium-sized plant now or a small-sized plant now depending on the levels of future demand. The future demand levels may be high, medium, or low. The following table gives the estimated annual income for each decision alternative under each level of future demand: DECISION ALTERNATIVES STATES OF NATURE (Future Demand Levels) High Demand Medium Demand Low Demand Full-sized...

Question