Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Please study the Restaurant Sales summary & the popularity ratio for July 2019 provided and estimatethe sales summary per week and thetotal revenue for the

image text in transcribed

image text in transcribed

Please study the Restaurant Sales summary & the popularity ratio for July 2019 provided and estimatethe sales summary per week and thetotal revenue for the month of July 2020 Using the comments below. Based on the calculation, answer the following questions Restaurant Sales Summary for the month of July 1 - 31, 2021 s.No. Menu Item 1st week 2nd week 3rd week 4th week 1 T-Bone Steak 2 Salmon in Whitewine Sauce 3 Cheeseburger 4 Spaghetty Bolognaise (pasta) 5 fettuccini Alferado (pasta) 6 Macaroni & Cheese 7 Barbecued Chicken Breast 8 Fish N Chips Total Sold Pop.% S.P. Tt. Sale $ 18.00 $ $ 15.00 $ $ 9.00 $ $ 10.50 $ $ 8.50 $ $ 8.50 $ $ 13.50 $ $ 17.00 $ Total Sold $ using the sales summary provided for reference, create a forecast for the month of July, 2021, Keeping in mind that due to COVID 10 virus the business might drop by about 25% in this year. You may use a blank format provided for calculating the forecast for July 2021. Usung the New forecast, calculate the following: $ using the sales summary provided for reference, create a forecast for the month of July, 2021, Keeping in mind that due to COVID 10 virus the business might drop by about 25% in this year. You may use a blank format provided for calculating the forecast for July 2021. Usung the New forecast, calculate the following: 1. Cost of average Cover $ 2. Average number of covers per day 3. The Restaurant has only 40 seats, what is the Restaurant Turnover /day? 4. If our food cost % is 33%, what is the cost of food sold? $

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting What The Numbers Mean

Authors: David H. Marshall, Wayne William Mcmanus, Daniel Marshall Viele, Mcmanus Marshall, Daniel F. Viele

10th Edition

1259060705, 978-1259060700

More Books

Students also viewed these Accounting questions