Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Can you please explain the steps of how to get to the answer $18.28 for this problem? A restaurant with 100 seats, serving both lunch

Can you please explain the steps of how to get to the answer $18.28 for this problem?

image text in transcribed
A restaurant with 100 seats, serving both lunch and dinner 6 days per week, reported total annual sales revenue of $998,000. Dinner generates 68% of total sales revenue, with a seat turnover of 1.75. What is the average check for dinner? a. $12.43 b. $18.28 c. $646.32 d. $950.48

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

Managerial Accounting

Authors: Carl S Warren, James M Reeve, Jonathan Duchac

12th Edition

1133952402, 978-1133952404

More Books

Students also viewed these Accounting questions

Question

What is lock granularity? AppendixLO1

Answered: 1 week ago

Question

Are summer stipends available?

Answered: 1 week ago

Question

what is the most common cause of preterm birth in twin pregnancies?

Answered: 1 week ago

Question

Which diagnostic test is most commonly used to confirm PROM?

Answered: 1 week ago

Question

What is the hallmark clinical feature of a molar pregnancy?

Answered: 1 week ago

Question

A greater tendency to create winwin situations.

Answered: 1 week ago