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A 100-seat restaurant serving dinner only is preparing an operating budget for the coming year. The average check is $18.50, with an average seat TO
A 100-seat restaurant serving dinner only is preparing an operating budget for the coming
year. The average check is $18.50, with an average seat TO of 1.75 and the restaurant
operates 300 days/yr. Variable costs average 54% of sales revenue and fixed costs are
$261,000/yr. Prepare a forecasted income statement using the contribution margin method to determine operating income.
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Financial Management for Public Health and Not for Profit Organizations
Authors: Steven A. Finkler, Thad Calabrese
4th edition
133060411, 132805669, 9780133060416, 978-0132805667
