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5. The budgeted number of customers in August 2023 at Blue Water Caf is $3,650. The average sale per customer will be $17.30. The contribution

image text in transcribed 5. The budgeted number of customers in August 2023 at Blue Water Caf is $3,650. The average sale per customer will be $17.30. The contribution rate will be .6. The pre-tax profit is forecasted to be $20,000. What are the budgeted fixed costs? Provide a full calculation. Hint: the solution is in this formula: Sales in dollars = Fixed costs + profit/Contribution rate. Enter all the known numbers in this formula, then use the rules of rearrangement, bringing the fixed costs (unknown number) to one side and everything known to the other side. The first rearrangement will look like this: Sd (sales in dollars) CR=FC+P 6. How many customers (rounded to a whole number) does French Bistro fast casual restaurant need to make monthly to achieve the profit of $25,604 if the average sales price per unit is $16.40, fixed costs are $9,998 and the variable rate is .4? (Intermediary calculations rounded to two decimal places; provide a full calculation.) 7. Short answer question: what does the CVP analysis help to achieve? For example, if this analysis is done in different periods with different results achieved and if in one period the profit was good, in the next period it was a breakeven and finally it was a loss. Answer based on the Lesson 3 material and just in a couple or a few sentences. Hint: we studied the slide with 3 different scenarios when addressing this question in class. Lesson 4 questions 8. Short answer question: How purchase specification helps in receiving function? Answer in a couple or a few sentences based on the Lesson 4 material. 9. Short answer. Funky Parrot is a fine-dining establishment that will open in 2023 in a busy Downtown area. Starting as a small restaurant, what specific purchasing challenges you might face? What procedures should you use to minimize these concerns? (Based on Lesson 4 material) (The answer can be just a few sentences or bullets). 10. What are the reorder point and quantity of tomato cans if the par stock is 29 cans, the product is delivered every 5 days, and the usage is 2 cans per day? Provide a full calculation

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