Answered step by step
Verified Expert Solution
Question
1 Approved Answer
I would like to know the problem #7. can you decirbed each steps too? What must the average food service check be to break even?
I would like to know the problem #7. can you decirbed each steps too?
What must the average food service check be to break even? If a monthly profit of $5,000 is to be earned, what must the average food service check be? Josh Nash has just invited $200,000 of his own funds in a new family-style restaurant. He has borrowed $200,000 at 8 percent annual interest from his Uncle Nix He desires a 20 percent return on his investment. The restaurant has 100 seats and is open six days per week (closed on Sundays). He believes he can achieve average seat turnovers as follows: His expected average tax rate is 15 percent. Assume the first day of the year is a Monday. Cost estimates are as follows: Determine the average check. If the percentage sales by meal period are 20 percent, 30 percent, and 50 percent for breakfast, lunch, and dinner, respectively, what is the average check for each periodStep 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