Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. a local vendor at the county fair sells snow cones

A local vendor at the county fair sells snow cones for $.50 each. When 250...

50.1K

Verified Solution

Question

Accounting

A local vendor at the county fair sells snow cones for $.50 each. When 250 snow cones are sold, each snow cone is estimated to have $.10 in variable costs and $.15 in fixed costs. A local school group plans on attending the fair next week and wishes to purchase 50 snowcones for $.25 each. The vendor can sell as many as 400 snowcones per day. What is the minimum price the vendor should charge for the snowcones?

a. $.75

b. $.25

c. $.10

d. $.50

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

Physics
1.2K views

3 When an electron de excites from higher orbit in H atom two radiations are...

Electrical Engineering
1.2K views

Microprocessor 8086 material. Choose True or False 1-Multiplexing operation is used to reduce the number of pins...

Basic Math
1.2K views

Researchers counted 8,912 monarch butterflies on one branch of a tree at a site in...

Statistics
1.2K views

This question 1 point s possible Many firms use on the job training to teach...

Algebra
1.2K views

A car rental agency rent compact midsize and luxury cars Its goal is to purchase...

Accounting
1.2K views

I still dont understand what the Statement of Retained Earnings is all about and why...

Accounting
1.2K views

ACC 730 - Accounting/Management Information Systems Please answer the following two questions. Thank you in...

Accounting
1.2K views

What is the primary purpose of financial accounting? A) To control the spending...

Accounting
1.2K views

. Discuss the auditors responsibility for detecting fraud, including fraudulent financial reporting and misappropriation of...

Accounting
1.2K views

Budgeted sales of a manufacturing company for next year is 60,000 units and 15,000 unit...

Accounting
1.2K views

Valmont Company has developed a new industrial piece of equipment called the XP-200. The company...

Accounting
1.2K views

Part One Big Als Pizza, Inc., a new subsidiary of Big Als Pizza Emporium, has...