Barrom Memorial Diner is a charity supported by donations that provides free meals to the homeless. The diner's budget for July is to be based on 2,000 meals. The diner's director has provided the following cost formulas to use in the budget: Fixed elementper monthVariable element per mealGroceries$0 $2.50 Kitchen operations$5,200 $1.40 Administrative expenses$2,900 $0.75 Fundraising expenses$1,100 $0.00 Required:Prepare the diner's budget for the month of July. The budget will only contain the costs listed above; no revenues will be on the budget.
What will be an ideal response?
| Barrom Memorial Diner | ||
| Planning Budget | ||
| For the Month Ended July 31 | ||
| Budgeted meals (q) | 2,000 | |
| Groceries ($2.50q) | $ | 5,000 |
| Kitchen operations ($5,200 + $1.40q) | 8,000 | |
| Administrative expenses ($2,900 + $0.75q) | 4,400 | |
| Fundraising expenses ($1,100) | 1,100 | |
| Total expense | $ | 18,500 |
You might also like to view...
What are the elements of a direct mail offer? How can each be tested?
What will be an ideal response?
In a competitive interaction, a low level of concern for other's objectives may cause negotiators to attempt to block the other from obtaining their objectives due to a strong desire to win or to defeat the opponent.
Answer the following statement true (T) or false (F)
What statement about the role of concessions is false?
A. Concessions are central to negotiations. B. Concessions is another word for adjustments in position. C. Reciprocating concessions is a haphazard process. D. Concession making exposes the concession maker to some risk.
In recent years, providing good customer service has become a top priority for many American businesses
Indicate whether the statement is true or false.