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can you please do the last part (C) / 50 ill Question 3 of 3 View Policies Current Attempt in Progress The Grand Inn is
can you please do the last part (C) / 50 ill Question 3 of 3 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, as 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 % 255 Dessert 10% 80 x Beverages 25 % 80% Paul is considering a variety of options to try to improve the probability of the restaurant. His goal is to generate a target net income of 5116,000. The company has forced 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 eg. 0.251 and final answers to decimal places.es 2.510) Total restaurant sales $ 3010000 Question 3 of 3 > /50 Your awer has been saved. Soe 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 together income. (Round Intermediate calculations to 3 decimal places. 0.251 and final answers to decimal places, es 2.510 Total restaurant sales $ 3010000 Sales from Each Product Appetizers $ 151500 Main entrees $ 1505000 Desserts $ 301000 Beverages $ 752500 Attempts: 1 of 1 used (b) Your answer has been saved. Soe score details after the due date Question 3 of 3 -750 Paul believes the restaurant could greatly improve its profitability by reducing the complexity and selling price of its entrees to increase the number of clients that it serves. 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 envisions an expansion of the restaurant that would increase fixed costs by $582.900. At the same time, he is proposing to change the sales mix to the following Percent of Total Sales Contribution Margin Ratio Appetizers 25 % 70 % Main entrees 25 % 10 % Desserts 10 % 80 % Beverages 40% 80 6 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 proces es 10.251 and final answers to decimal places, es 2510.) Total restaurant sales $ 3530000 Sales from Each Product Appetizers 5 382500 Main entrees $ 892500 Desserts $ 353000 Beverages $ 1412000 Question 3 of 3 .../50 Attempts: 1 of 1 used (c) Suppose that Paul reduces the selling price on entrees and increases fixed costs as proposed in part (b), but customers are not swayed by the marketing efforts and the sales mix remains what it was in part al. Compute the total restaurant sales and the sales of each product line that would be recessary to achieve the desired target niet income. (Round Intermediate calculations to 3 decimal places es 10.251 and final answers to decimal places. e. 2510 Total restaurant sales $ Sales from Each Product Appetizers $ Main entrees $ Desserts $ Beverages $ Smfor Later Attempts of lused Submit Awe
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