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(Solved) : Description Instructions Joseph Czerniakow Owner Fish Market Recent Years Joseph Created S Q26170022 . . .

Description Instructions Joseph Czerniakow is the owner of a fish market. In recent years, Joseph created his own store made seafood salad, which he named Legendary Brooklyn Crab Meat Salad. In addition to imitation crab meat, Josephs salad is pretty simple and contains only mayonnaise, minced celery, lemon juice and basic spices such as salt and pepper. Joseph is very proud of his creation, which he claims is finexpensive but delicious. In addition, it is extremely fresh as Joseph produces his salad on a daily basis. Josephs claim seems to be supported as demand for Legendary Brooklyn Crab Meat Salad has grown steadily. Now, Josephs biggest concem is to produce the right amount of salad for each day. To better forecast the demand for his salad, Joseph asked his assistant, Rachel Hirsh, to record all sales of the “Legendary Brooklyn Crab Meat Salad. Joseph estimates that to produce one pound of his Legendary Brooklyn Crab Meat Salad he needs to buy, on average: 10 oz. of limitation crab meat, 7 oz. of mayonnaise, 3 oz. of minced celery, 1 oz. of lemon juice, and 1 oz. of spices. (1 pound = 16 oz.). Currently, the supplier charges Joseph 2 dollars per pound for imitation crab meat, 2 dollars per pound for minced celery, 3 dollars per pound for mayonnaise, 3 dollars per pound for lemon juice and 10 dollars per pound for spices. Joseph pays a monthly rent of $1,000 for his store and $750 for utilities (electricity, heating, water, sewer, garbage removal, phone, WiFi, etc.). The issuance bill is an additional $250. Josephs monthly salary is $3000 and Rachels is $2500. In addition, Joseph always employs several part-time sales associates for a total of 50 hours per month at an hourly wage of $10. Joseph would like to find out if his business is profitable. To assess his profitability, Joseph asked Rachel to prepare an internal income statement for his business. This income statement should include 5 rows: Sales Revenue/(Less) Cost of Goods Sold/Gross Profiv(Less) Operating Expenses/Operating Income. Open the Legendary Brooklyn Crab Meat Salad-1.txt file located on the Business Analytics website: http://www.small-big-data.com The data set shows the month and the total weight of the Legendary Brooklyn Crab Meat Salad sold in Czerniakows fish market

Legendary Brooklyn Crab Meat Salad-1.txt

 

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(Solved) : Description Instructions Joseph Czerniakow Owner Fish Market Recent Years Joseph Created S Q26170022 . . .

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