Explain why the profit margin for banquets is considerably higher than that of hotel restaurants.

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Financial Accounting Tools for Business Decision Making

ISBN: 978-1118644942

6th Canadian edition

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso, Barbara Trenholm, Wayne Irvine

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Question Posted: Apr 30, 2013 07:51 AM

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Explain why the profit margin for banquets is considerably higher than that of hotel restaurants.

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Banquet is a ceremonial feast a lunch or dinner prepared and served for honoring a specific guest or ...View the full answer

Financial Accounting Tools for Business Decision Making

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