The 160th Ohio State Fair in 2013 had an estimated 903,824 visitors during the twelve days of the fair, which was record-breaking attendance. The high attendance led to a record-breaking profit of about $400,000 for the fair. Among the sources of revenue for The Ohio State Fair are the revenues generated from the food vendors. […]
Continue readingHow do the added costs to produce BK’s new lower-calorie fries affect the fry breakeven point?
Burger King has launched a new kind of French fries called “Satisfries.” These new fries are made with a batter that is less porous and absorbs less oil than Burger King’s regular fries, resulting in 20 per cent fewer calories in Satisfries than regular fries. Satisfries contain 340 calories versus 410 calories in regular fries. Consumers […]
Continue readingWhat are the costs and ethics involved in a recall of surge protectors?
In October 2013, Schneider Electric recalled 15 million of its SurgeArrest surge protectors. The models recalled were the series APC 7 and APC 8 (manufactured before 2003.) The company warned at that time that the surge protectors could overheat, smoke, and start a fire. These surge protectors were manufactured before 2003; between the date of […]
Continue readingHow will the increasing cost of chocolate impact Hershey’s variances?
The price of chocolate had been predicted to increase rapidly beginning in late 2013 and continue into 2014, according to the Wall Street Journal. The price increase is due to multiple factors, including a shortage of cocoa beans and an increase in demand by consumers. Although the demand for all chocolate has been increasing, consumer […]
Continue readingWhat assumptions go into preparing a budget for a New York Fashion Week show?
In a recent news article in Business Insider, estimates of the various costs associated with putting on a show during New York Fashion Week were listed. These cost estimates are listed below: Rent $0 to $100,000 Hair and makeup: $0 to $100,000 Stylist: $5,000 to $20,000 Public relations: $10,000 to $20,000 Models: $0 to $200,000 […]
Continue readingHow much does it cost to make a soda with a SodaStream system?
SodaStream is a system that consumers can use to make their own soda and seltzer water. The SodaStream machine allows the consumer to carbonate water combined with flavored syrup (“SodaMix”) to make soda in a variety of flavors. Consumers can also carbonate plain water to make seltzer water. SodaStream has been experiencing strong sales growth […]
Continue readingWhat are potential cost drivers for an ABC system at Virgin America?
After several years of losses, Virgin America recently announced that it anticipates a profit for 2013. Although the company is expecting a profit for 2013, it still is not out of the woods. Critics have called for greater cost control at Virgin America. The following table contains selected financial and other data for Virgin America […]
Continue readingHow does Washington Township analyze its potential equipment purchases?
Washington Township in Franklin County, Pennsylvania, operates a Transfer Station and Recycle Center that individuals and businesses can use to recycle a variety of items, including electronics, bottles, and cardboard. At the township’s Transfer Station and Recycle Center, a baler is used to compress and bale certain recyclable items for transport. Typically, balers might produce […]
Continue readingHow many aircraft must be in service to break even at Virgin America?
After several years of losses, Virgin America recently announced that it anticipates a profit for 2013. Although the company is expecting a profit for 2013, it still is not out of the woods. Critics have called for greater cost control at Virgin America. The following table contains selected financial and other data for Virgin America […]
Continue readingWhy did Hawaiian Airlines make the decision to offer iPad Minis for in-flight rental?
In 2013, Hawaiian Airlines made the decision to add 1,500 iPad Minis to its older Boeing 767 widebody jets to make them available for passengers to rent during flights. Prior to the iPad Minis, these aircraft had dated portable “digEplayers” for its passengers to rent. Presumably, these dated devices have become less attractive to today’s […]
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November 19, 2013 