Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Cliff runs a restaurant in a small town known for its theatres and tourist attractions. Cliff charges an average of $18 per meal. He estimates
Cliff runs a restaurant in a small town known for its theatres and tourist attractions. Cliff charges an average of $18 per meal. He estimates his variable costs to be $6 per meal and fixed costs are $12,000 per month. Cliff has the capacity to serve 2000 meals per month. What is the break-even point expressed as a percent of capacity? a C e 70% 60% 75% 80% 50% Clift rurs a restaurant in a small town known for its theatres and tourist attractions. Calf charges an average of s18 per meal. He estimates his variable costs to be 56 per meal and ficed costs are $12,000 per month, diff has the capocity to serve 2000 meats per month. What is the break even point expressed as a percent of capacity? a 20cos b 603 e 7N d 803 50H
Cliff runs a restaurant in a small town known for its theatres and tourist attractions. Cliff charges an average of $18 per meal. He estimates his variable costs to be $6 per meal and fixed costs are $12,000 per month. Cliff has the capacity to serve 2000 meals per month. What is the break-even point expressed as a percent of capacity? a C e 70% 60% 75% 80% 50%
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered 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