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answer the last part please Question 3 of 3 750 ill View Policies Current Attempt in Progress The Grand Inn is a restaurant in Flagstaff,
answer the last part please
Question 3 of 3 750 ill View Policies Current Attempt in Progress The Grand Inn is a restaurant in Flagstaff, Arizona. It specializes in southwestern style meals in a moderate price range, Paul Weld, the manager of Grand, lus determined that during the last 2 years the sales mix and contribution margin ratio of its offerings are as follows Percent of Total Sales Contribution Margin Ratio Appetizers 15 % 70 % Main entrees 50 X 25 % Desserts 10% B0% Beverages 25 % 80 % Paul is considering a variety of options to try to improve the prohtability of the restaurant. His goal is to generate a target net income of $116,000. The company has fixed costs of $1.419.100 per year. (a) Your answer has been saved. See score details after the due date Calculate the total restaurant sales and the sales of each product line that would be necessary to achieve the desired target net income. (Round intermediate calculations to 3 decimal places ex. 0.251 and final answers to decimal places, e3. 2510) Total restaurant sales $ 30 10000 Question 3 of 3 /50 = Paulis considering a variety of options to try to improve the profitability of the restaurant. His goal is to generate a target net income of $116,000. The company has found costs of $1419.100 per year (a) Your answer has been saved. See score details after the due date Calculate the total restaurant sales and the sales of each product line that would be necessary to achieve the desired target net income. (Round intermediate calculations to 3 decimal placeses. 0.251 and final answers to decimal places es 2,510) Total restaurant sales 3010000 Sales from Each Product Appetizers $ 451500 Main entrees $ 1505000 Desserts $ 301000 Beverages S 752500 Attempts: 1 of 1 use 5) Question 3 of 3 /50 III Paul believes the restaurant cook greatly improve its profitability by reducing the complexity and selling price of its entrees to increase the number of clients that it sirves. It would then more heavily market its appetizers and beverages. He is proposing to reduce the contribution margin ratio on the main entrees to 10% by dropping the average selling price. He crisis an expansion of the restaurant that would increase fixed costs by $582.900. At the same time, he is proposing to change the sales mixto the following Percent of Total Sales Contribution Margin Ratio Appetizers 25 % 70% Main entrees 25 % 10% Desserts 1090 809 Beverages 4036 80% Compute the total restaurant sales and the sales of each product line that would be necessary to achieve the desired target net income. (Round Intermediate calculations to 3 decimal places eg. 10.251 and final answers to decimal places, es 2.510.) Total restaurant sales $ Sales from Each Product Appetizers $ Main entrees $ Desserts $ Beverages 5 Step by Step Solution
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