Question
4. Cool Caf operates 302 days and has 150 seats with the 1.5 average seat turnover per day. Determine the minimum average check per cover
4. Cool Caf operates 302 days and has 150 seats with the 1.5 average seat turnover per day. Determine the minimum average check per cover required to attain the desired ROI of 20%.
lInvestment: $100,000
lFunds borrowed: $270,000
lTax rate: 25%
lInterest rate: 5%
lTotal fixed costs except interest expense: $195,000
lCost of food sales: 17%
lLabor expenses: 15%
Answer:
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International Accounting
Authors: Timothy Doupnik, Hector Perera
3rd Edition
978-0078110955, 0078110955
