Question
I need to solve this in Excel , I would like you to be clear on the procedure, how to do it. You also have
I need to solve this in Excel, I would like you to be clear on the procedure, how to do it. You also have to use the data table functions, all explained step by step. The most important thing to keep in mind is that it will be done in Excel. If the answer does not have the excel steps, it will be invalid and will not be qualified. please the question is complete
Question 1: A restaurant has eight four-person tables. Each day the restaurant is open, you can get two covers through at lunch (maximum of 64 people in total) and three in the evening (maximum 96 people maximum). The restaurant is closed on Mondays. Lunches bills average 12 per seat and you make 30% margin. Dinners average at 24 and you make 50% margin. The fixed costs are 200,000 per annum.
A) Use a data table to show how much annual profit changes as a percentage of the number of seats filled at each seating between 10% and 100% occupancy.
B) How much profit would they need to make on lunch to ensure they break even at 60% occupancy?
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