Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A new restaurant is ready to open for business. It is estimated that the food cost ( variable cost ) will be 3 2 .

A new restaurant is ready to open for business. It is estimated that the food cost (variable cost) will be 32.86% of sales, while fixed cost will be $450,000. The first years sales estimates are $1,314,933. Calculate the firms operating breakeven level of sales. Answer to 2 decimal places.

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_2

Step: 3

blur-text-image_3

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

Research Methods Statistics and Applications

Authors: Kathrynn A. Adams, Eva Marie K. Lawrence

1st edition

1452220182, 978-1452220185

More Books

Students also viewed these Finance questions

Question

Why are red blood cells Red in colour?

Answered: 1 week ago

Question

Define Consumerism.

Answered: 1 week ago

Question

Name the system that includes heart, blood vessels and blood?

Answered: 1 week ago