Answered step by step
Verified Expert Solution
Question
1 Approved Answer
OUV Q4. a. Using the following sales data, prepare a chart in the form your text book that is illustrated in Figure 16.8 (2.5). Drinks
OUV Q4. a. Using the following sales data, prepare a chart in the form your text book that is illustrated in Figure 16.8 (2.5). Drinks Prepared Number Sold Ounces per Drink Drink Price Martinis 20 2 $4.95 Straight shots 120 1.5 $3.00 b. Using the average sales value method, determine the potential sales value of twelve 1-liter bottles of gin. calculation of a net mixed drink differential. In- stead, this method depends on results determined during a test period when careful records are kept of the number of drinks gold of each type. These records serve as the basis for determining the average potential sales value of each bottle. Figure 16.8 illustrates the method used to analyze drink sales for the test period. PRIMARY INGREDIENT: Gin Drinks No. Sold Ounces Total per Drink Ounces Drink Price Total Sales Martini Straight shots Totals 902 oz. 1501 1/4 oz. 180.0 $ 187.5 $ 367.5 4.50$ 405.00 4.00$ 600.00 $ 1.005.00 Sales Value per Ounce $ 2.73 Figure 16.8 Actual sales value of gin per ounce CHAPTER 16 Monitoring Beverage Operations Assuming that actual drink sales during the test period truly in the sales mix a determination of the average sales value
Step 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