Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Correct all answers to the nearest whole number; no need to write down the $ sign, % sign and the thousand separator. e.g. if
Correct all answers to the nearest whole number; no need to write down the $ sign, % sign and the thousand separator. e.g. if your answer is $1,999.5, write down 2000; if your answer is 78.6%, write down 79 in the answer box. A restaurant has sales revenue of $50,000, fixed costs of $15,000, and variable costs of $12,500. What is the breakeven sales revenue? If the average check per customer is $20, how many customers need to be served in order to breakeven? Base on the above information, what is the operating profit of the restaurant if 1,200 customers are served? QUESTION 17 Correct all answers to 1-decimal place; no need to write down the $ sign, % sign and the thousand separator. e.g. if your answer is $1,999.56, write down 1999.6; if your answer is 78.64%, write down 78.6 in the answer box. A hotel has 400 standard rooms and 150 deluxe rooms. During the month of June, it sold 8,000 standard room nights at $150 each and 4,000 deluxe room nights at $200 each. Calculate the occupancy of the month. Calculate the ADR of the month. Calculate the RevPAR of the month.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Restaurant Breakeven Analysis 1 Breakeven Sales Revenue Contribution margin Revenue Variable costs 5...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