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Q3: PartyPalace Co. is a local bar just opened up in PG. Their sales are in liquor and door sales 8 marks At the end

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Q3: PartyPalace Co. is a local bar just opened up in PG. Their sales are in liquor and door sales 8 marks At the end of the night, a reconciliation of inventory (liquor) and cover charge for entry is done. The number of cover charges collected is $2,500 (200 people) and liquor sales are showing 20% of people let in bought from the bar. Revenues were also a dramatic decrease from the previous night. The usual nights bring in 70-80% of revenue from drink sales and around the same 1 reduction in liquor inventory 52 What do you think is happening

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