Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1. A method of menu analysis that concerns itself with each menu items popularity, combined with its contribution margin (gross margin), is known as menu

1. A method of menu analysis that concerns itself with each menu items popularity, combined with its contribution margin (gross margin), is known as menu engineering.

A. True

B. False

2. A restaurants anticipated overall average check can be calculated by dividing the forecast annual sales revenue by (seats daily seat turnover days open in the year).

A. True

B. False

3. A menu item has a food cost of $5.00 and the selling price is based on a 40% cost. The selling price of the menu item is:

A. $20.00

B. $ 7.00

C. $12.50

D. $ 8.00

4. If a company is in a 50% tax bracket, its net income after tax will be the same as the amount of tax.

A. True

B. False

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Frank Woods Business Accounting Volume 2

Authors: Frank Wood, Alan Sangster

10th Edition

0273693107, 978-0273693109

More Books

Students also viewed these Accounting questions

Question

=+24. Friday the 13th, accidents. The researchers in Exercise

Answered: 1 week ago