Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1. Short answer. At average, the food cost percentage in North American restaurants is 33.3%. Various restaurants have widely differing formulas for success: some

image text in transcribed

1. Short answer. At average, the food cost percentage in North American restaurants is 33.3%. Various restaurants have widely differing formulas for success: some maintain food cost percent of 25.0 %, while others are successful operating at 50.0%. What factors other than food cost % determine the success of a restaurant operation? Answer in one or a couple of sentences.

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

Cost Accounting A Managerial Emphasis

Authors: Horngren, Srikant Datar, George Foster, Madhav Rajan, Christ

6th Canadian edition

978-0132893534, 9780133389401, 132893533, 133389405, 978-0133392883

More Books

Students also viewed these Accounting questions

Question

Construct and interpret a confidence interval to compare two means.

Answered: 1 week ago