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[answered] MGT 1 Exercise 12 - Finance-Pizza Stand Name: _____________


This is management course, please fill it out the paper.


MGT 1

 

Exercise 12 ? Finance-Pizza Stand

 

Name: _______________________ Name:________________________ Name: _______________________ critical thinking exercise 17-2

 

THE PIZZA STAND

 

A student organization has been given permission to operate a pizza stand during the upcoming

 

homecoming weekend. The stand will be located just outside the football stadium, making it accessible during

 

the ball game. The location is also convenient for visitors as they tour the campus at other times during the

 

weekend. An estimated 2,500 visitors will be on campus, in addition to the campus population of 1,500.

 

Each pizza requires:

 

1/2 lb. pizza flour

 

4 oz. pizza sauce

 

1/8 lb. Pepperoni

 

1/2 lb. Cheese

 

Pizza flour costs $8.00 per 10-lb. bag; pizza sauce, $4.80 per 64-oz. jar; pepperoni, $18.00 per 5-lb.

 

package; and cheese, $15.00 per 5-lb. package. Club members will cook the pizzas and staff the stand on a

 

volunteer basis. The university requires each vendor to pay a $25.00 permit fee and a $50.00 refundable deposit

 

on the building. You also need to purchase a canopy for $100, a small oven for $200 and other supplies for $50.

 

Your club plans to donate the profits from the pizza sales to a local children?s hospital.

 

1. How many pizzas can you anticipate selling assuming that 10% of the attendees will buy a pizza?

 

2. How much of each raw material do you need to buy? 3. Calculate your Cost of Goods per pizza 4. Anticipate selling each pizza for $7.00. Create and show a basic Income Statement/P & L Assume your

 

deposit will be refunded. WHAT IS YOUR NET PROFIT MARGIN? 5. Calculate your Break- Even point based on your expenses required for the event? Be sure to write the formula

 

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