If the food cost is 30 percent, how much did the food actually cost? In a casual

Question:

If the food cost is 30 percent, how much did the food actually cost? In a casual Italian restaurant, sales for the week of September 15 are as follows: image text in transcribed

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

Step by Step Answer:

Related Book For book-img-for-question

Introduction To Hospitality Management

ISBN: 9780135061381

3rd Edition

Authors: John R Walker

See More Books

Question Posted: Jul 11, 2024 09:01 AM

See More Questions

Apply Your Knowledge In a casual Italian restaurant, sales for the week of September 15 are as follows: Food sales: $10,000 Beverage sales: $2,500 Total: $12,500 a. If the food cost is 30 percent, how
Using the Excel workbook that is in conjunction with the reading assignment found in this week's content complete the following by applying your Knowledge: If the food cost is 30 percent, how much...
Outback Steakhouse: Fueling the Fast Growth Company Marilyn L. Taylor, D.B.A Krishnan Ramaya, Ph.D George M. Puia, Ph.D Since the company's initial public offering in June of 1991, Wall Street...
1. Locate a current financial news article using a source such as the following: a. www.reuters.com; b. www.yahoo.com/finance; c. http://www.msn.com/en-us/money d. www.bloomberg.com 2. Use the...
Study Time and Score. An instructor at Arizona State University asked a random sample of eight students to record their study times in a beginning calculus course. She then made a table for total...
The functions f(x) = (x x ) x and g(x) = x (x x ) are different functions. For example, f(3) = 19,683 and g(3) 7.6 10 12 . Determine whether and are indeterminate forms and evaluate the limits. lim...
If the annual cost of goods sold is $30,000,000 and the average inventory is $10,000,000: a. What is the inventory turns ratio? b. What would be the reduction in average inventory if, through better...
Using each of the five assumptions as to income division listed in Exercise 12-3, determine the income participation of Hawes and Albright if the year's net income is $104,000? In Exercise 12-3,...
Tempo Company's fixed budget (based on sales of 16,000 units) for the first quarter of calendar year 2017 reveals the following Feed Budget $3,280,000 $400,000 688,000 416,000 280.000 1,704,000...
If the beverage cost is 25 percent of beverage sales, how much did the beverages cost? In a casual Italian restaurant, sales for the week of September 15 are as follows: Food sales $10,000 Beverage...
Organization: Chilis Grill and Bar Web site: chilis.com Summary: Chilis is a fun and exciting place to have burgers, fajitas, margaritas, and chili. Established in 1975 in Dallas, the chain now has...
Use the information in Appendix F to answer the questions. (a) What is the speed of the Galapagos Islands, on the earth's equator, due to our planet's spin on its axis? (b) What is the earth's speed...
Archer Contracting repaved 50 miles of two-lane county roadway with a crew of six employees. This crew worked 8 days and used $$7,000$ worth of paving material. Nearby, Bronson Construction repaved...
An insurance company has the following profitability analysis of its services: The fixed costs are distributed equally among the services and are not avoidable if one of the services is dropped. What...
The Scantron Company makes bar-code scanners for major supermarkets. The sales staff estimates that the company will sell 500 units next year for 10,000 each. The production manager estimates that...
Determine the following: a. The stockholders equity of a company that has assets of $\$ 625,000$ and liabilities of $\$ 310,000$. b. The retained earnings of a company that has assets of \(\$...
You are the manager of internal audit for Do-It-All, Ltd., a large, diversified, decentralized manufacturing company. Over the past two years, the information systems function in Do-It-All has...
Labor cost classification; ethics. Zix Manufacturing has recently opened a plant in Costa Melon in order to take advantage of certain tax benefits. In order to qualify for these tax benefits, the...
If a process has a six-sigma capability, what is the process capability index? a. 1 b. 2 c. 6 d. 12
What is the yield to maturity on a 10-year, 9% annual coupon, $1,000 par value bond that sells for $967.00? That sells for $1,206.10?
1)Prepare the journal entry to record Tamas Companys issuance of 6,500 shares of $100 par value, 9% cumulative preferred stock for $105 cash per share. 2. Assuming the facts in part 1, if Tamas...
On consolidated financial statements, where does the parents equity in the net income of the subsidiary account appear? A. On the consolidated income statement, as a revenue B. On the consolidated...

If the food cost is 30 percent, how much did the food actually cost? In a casual

Question:

Food sales $10,000 Beverage sales 2,500 Total $12,500

Step by Step Answer:

Introduction To Hospitality Management

Students also viewed these Business questions