Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jun 28, 2024

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?
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

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 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

★★★★★

1. What are the specific requirements for a court to grant specific performance to SWB? 2. Do these requirements fit this case?

Answered: 1 week ago

Question

★★★★★

What is lock granularity? AppendixLO1

Answered: 1 week ago

Question

★★★★★

Are summer stipends available?

Answered: 1 week ago

Question

★★★★★

For a library, the entity type HOLDING has four subtypes: BOOK, AUDIO BOOK, DVD, and SOFTWARE. Draw a separate EER diagram segment for each of the following situations: a. At a given time, a holding...

Answered: 1 week ago

Question

★★★★★

Investing activities include ____. a. collecting cash on loans made b. obtaining cash from creditors c. obtaining capital from owners d. repaying money previously borrowed

Answered: 1 week ago

Question

★★★★★

BU467 - Fall 2020 Case Assignment 1 North Shore Cabinets Inc. North Shore Cabinets Inc. (NSCI) is a manufacturer and installer of kitchen and bathroom cabinets. NSCI was founded 20 years ago by David...

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

★★★★★

1.) Explain what is meant by oppressive conduct. 2.) Discuss any two (2) remedies for oppression under s 233 of the Corporations Act 2001 3. What obligations do financial service providers have in...

Answered: 1 week ago

Question

★★★★★

1. What is the jury foreman? What is their responsibility? 2. How would you explain reasonable and probable grounds? 3. Who is not eligible to sit on a jury? What do you feel is the reason for this?...

Answered: 1 week ago

Question

★★★★★

2. In this chapter, the reader should reflect on the following concepts: Linear relationships, circular relationships, patterns, critical variables and sociological laws.

Answered: 1 week ago

Question

★★★★★

2. As your starting point, take a situation at your workplace that often recurs, and answer the following questions: (a) Which elements are included? (b) How are the elements related to each other?...

Answered: 1 week ago

Question

★★★★★

A greater tendency to create winwin situations.

Answered: 1 week ago

Previous Question Next Question