Question
A new restaurant is ready to open for business. It is estimated that the food cost (variable cost) will be 39.39% of sales, while fixed
A new restaurant is ready to open for business. It is estimated that the food cost (variable cost) will be 39.39% of sales, while fixed cost will be $450,000. The first years sales estimates are $744,959. Calculate the firms operating breakeven level of sales. Answer to 2 decimal places.
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Principles Of Sustainable Finance
Authors: Dirk Schoenmaker, Willem Schramade
1st Edition
0198826605, 978-0198826606
