Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question 2 1.5 pts What is the level of sales needed to obtain a 15% ROI of $8,250,000 for a restaurant and cover all the

image text in transcribed
Question 2 1.5 pts What is the level of sales needed to obtain a 15% ROI of $8,250,000 for a restaurant and cover all the costs? (Condition: the restaurant has two main products, food and beverage) Food generates 75% of total sales and $3,000,000 in food sales with a 34% food cost. Beverage with a CMR of.80. Tax rate is 18% and fixed costs are $500,000 annually

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

Management And Cost Accounting

Authors: Charles T. Horngren, George Foster, Srikant M. Datar

3rd Edition

0273687514, 978-0273687511

More Books

Students also viewed these Accounting questions

Question

Explain limitations on confidentiality inherent in group therapy.

Answered: 1 week ago

Question

=+2. Why does the brand want to advertise?

Answered: 1 week ago