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Day Street Deli’s owner is disturbed by the poor profit performance of his ice cream counter. He has prepared the following profit analysis for the year just ended.

Sales$45,000Less: Cost of food20,000Gross profit$25,000Less: Operating expenses:Wages of counter personnel$12,000Paper products (e.g., napkins)4,000Utilities (allocated) 2,900Depreciation of counter equipment and furnishings 2,500Depreciation of building (allocated)4,000Deli manager’s salary (allocated) 3,000Total28,400Loss on ice cream counter$(3,400)\begin{array}{lrr} \text{Sales} && \$ 45,000\\ \text{Less: Cost of food} && \underline{20,000}\\ \text{Gross profit} && \$ 25,000\\ \text{Less: Operating expenses:}\\ \text{$\quad$Wages of counter personnel} & \$ 12,000\\ \text{$\quad$Paper products (e.g., napkins)} &4,000\\ \text{$\quad$Utilities (allocated) } & 2,900\\ \text{$\quad$Depreciation of counter equipment and furnishings } & 2,500\\ \text{$\quad$Depreciation of building (allocated)} & 4,000\\ \text{$\quad$Deli manager’s salary (allocated) } & \underline{3,000}\\ \text{$\quad$Total} && \underline{28,400}\\ \text{Loss on ice cream counter} && \underline{\underline{\$ (3,400)}}\\ \end{array}

Required:

Criticize and correct the owner’s analysis.

Question

Find the cost of purchase.

6,500 corner braces at $12 per M

Solution

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For this exercise, we are to find the cost of 6,5006,500 corner braces at $12/M\text{\$12/M}.

How can we describe the @ symbol when it comes to finding the extension?

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