A restaurant with an average check of $14 per guest has the following average monthly figures: a.

Question:

A restaurant with an average check of $14 per guest has the following average monthly figures: image text in transcribed

a. What is breakeven sales revenue?

b. If actual sales revenue was $640,000, what would the restaurant’s operating income be?

c. If actual sales revenue was $640,000, how many fewer customers per month would be served than at the forecasted sales revenue level of $700,000? The average check remains at $14.LO1

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Hospitality Management Accounting

ISBN: 9780471687894

9th Edition

Authors: Martin G Jagels, Catherine E Ralston

See More Books

Question Posted: Jun 21, 2024 09:00 AM

See More Questions

I am having a hard time doing this and this is Hospitality managerial accounting Chapter Seven - Discussion Questions (Pg. 321) 7.1 Differentiate between a direct cost and an indirect cost. 7.3...
If revenue from a sale was $4,800 and variable costs were $2,304, what is the variable cost percentage? (1 points) E8.1 A restaurant has sales revenue of $240,000, fixed costs of $100,800, and...
I am having a difficult time and I have another one and I am almost done with the class in 2 week Chapter 9: Discussion Questions (Pg 404-405) 2. What are some of the purposes of budgeting? 4....
The mid-day wind speed, in knots, at a coastal resort is normally distributed with mean 12.8 and standard deviation . a. Given that 15% of the recorded wind speeds are less than 10 knots, find the...
The percentages of Americans who believe marriages between same-sex couples should be recognized by the law as valid are shown in Table 53 for various age groups. Let p be the percentage of Americans...
What forces have caused management account ing systems designed decades ago to become less relevant and less valuable for organizational em ployees in today's globally competitive environ ment? (LO...
8 How has economic power shifted in recent years?
Love Theatre Inc. owns and operates movie theaters throughout New Mexico and Utah. Love Theatre has declared the following annual dividends over a six-year period: 2007, $16,000; 2008, $48,000; 2009,...
1. What is the difference between accounts recipe and notes receivable? 13. When using allowance method, how are accounts receivable shown on the balance sheet? 20. What is the formula to compute...
A small inn has annual fixed costs of $88,000, variable costs of 68% of sales revenue, and a tax rate of 30%. The owner wants an after-tax net income of $33,600. What sales revenue must be achieved...
Assume the following information is provided: Explain how each numerator item in the CVP equation is an individual item that can be calculated on its own to find the necessary sales revenue to cover...
Below is an alphabetical list of the adjusted accounts of Matrix Consulting Services at its year end, March 31, 2024. All accounts have normal balances. Additional information: 1. Of the notes...
A flowrate of lubricant oil is $5 \mathrm{~kg} / \mathrm{s}$ passing through a Venturi tube. The ratio of areas of the Venturi tube is $0.005 \mathrm{~m}^{2} /0.002 \mathrm{~m}^{2}$. The density...
Sketch on separate axes, in the interval 0 360, the graphs of: In each case show the coordinates of any maximum and minimum points, and of any points at which the curve meets the axes. a y = sec...
The wheel of radius $r=300 \mathrm{~mm}$ rolls to the right without slipping and has a velocity $v_{O}=3 \mathrm{~m} / \mathrm{s}$ of its center $O$. Calculate the velocity of point $A$ on...
Aircraft $B$ has a constant speed of $150 \mathrm{~m} / \mathrm{s}$ as it passes the bottom of a circular loop of 400-m radius. Aircraft $A$ flying horizontally in the plane of the loop passes...
A small inspection car with a mass of $200 \mathrm{~kg}$ runs along the fixed overhead cable and is controlled by the attached cable at $A$. Determine the acceleration of the car when the control...
Security-Rand Corporation determines executive incentive compensation at the end of its fiscal year. At the end of the first quarter, management estimated that the amount will be $300 million....
Explain the term "Equivalent Units". Why are they calculated in process costing? [4 Marks] [minimum 350 words]
Discuss the limitations that may apply to the use of a net operating loss that is acquired in a corporate reorganization.
Which of the following are not captured by using financial ratio analysis covered in class? A the profitability of the firm's operations B what investors think about future propects C firm's...
At a recent Certified Management Accounting (CMA) conference in Sydney, the keynote speaker said, Management accountants are the doctors of business. You have been approached by several...

A restaurant with an average check of $14 per guest has the following average monthly figures: a.

Question:

Sales revenue Variable costs Fixed costs $700,000 434,000 168,000

Step by Step Answer:

Hospitality Management Accounting

Students also viewed these Business questions