Natalie's Caf, a proposed 100-seat restaurant, is expected to have the following investment Problem 16 $300,000 $400,000 25 percent $40,000 $60,000 30 percent of food sales 15 percent of food costs $150,000 $100,000 15 percent 10 percent 2 times per day 313 Days open Required: 1. Determine the average price per meal. 2. Assume that the revenue is divided between lunch and dinner at 40 percent and 60 percent, respectively. Further, assume the lunch seat turnover averages 1.2 times per costs, annual sales, and expenses: Natalie's investment Funds borrowed Average tax rate Non-operating expenses (excluding interest) Depreciation Food costs Labor costs (variable) Labor costs (fixed) Other controllable costs ROI Interest rate Seat turnover IIIIIIIIIIIIIIIIIIIIIIIIII day, while dinner seat turnover averages .8 times per day. What are the average prices Cost Approaches to Pricing 433 lunch and dinner Problem 17 dav Cafe is located in the Midtown Mall Natalie's Caf, a proposed 100-seat restaurant, is expected to have the following investment Problem 16 $300,000 $400,000 25 percent $40,000 $60,000 30 percent of food sales 15 percent of food costs $150,000 $100,000 15 percent 10 percent 2 times per day 313 Days open Required: 1. Determine the average price per meal. 2. Assume that the revenue is divided between lunch and dinner at 40 percent and 60 percent, respectively. Further, assume the lunch seat turnover averages 1.2 times per costs, annual sales, and expenses: Natalie's investment Funds borrowed Average tax rate Non-operating expenses (excluding interest) Depreciation Food costs Labor costs (variable) Labor costs (fixed) Other controllable costs ROI Interest rate Seat turnover IIIIIIIIIIIIIIIIIIIIIIIIII day, while dinner seat turnover averages .8 times per day. What are the average prices Cost Approaches to Pricing 433 lunch and dinner Problem 17 dav Cafe is located in the Midtown Mall