Answered step by step
Verified Expert Solution
Question
1 Approved Answer
1 (1 point) Listen In one month, a restaurant has variable costs of $43,930 and sales of $96,010. What is the restaurant's variable rate in
1 (1 point) Listen In one month, a restaurant has variable costs of $43,930 and sales of $96,010. What is the restaurant's variable rate in percent? Use 3 places (for example for the answer 25.6%, you should respond 25.6) Question 2 (1 point) Listen In April, a restaurant has $51,400 in fixed costs and $173,730 in sales. If the variable rate is 0.604, what is the profit or loss for this restaurant in April? Round to the nearest dollar and leave out dollar sign and commas. Question 3 (1 point) Listen What is the April break-even point in sales dollars for the restaurant described in question 2? Round to the nearest dollar and leave out the dollar sign and commas. Question 4 (1 point) Listen A foodservice business has annual fixed costs of $482,000 and a variable rate of 0.688. If the owner wants to make $40,000 in profit, how much sales revenue must the business generate? Round to the nearest dollar and leave out the dollar sign and commas
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started