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Restaurant Information: Following the COVID pandemic, there was a shortage of good restaurants in Columbus. Jordan Burr decided to open a restaurant to capitalize on

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Restaurant Information: Following the COVID pandemic, there was a shortage of good restaurants in Columbus. Jordan Burr decided to open a restaurant to capitalize on the opportunity. The restaurant's sales mix and contribution margin since ooenine are as follows: Jordan is considering a few options in order to improve profits. Jordan has a target net income of $176,000. The restaurants fixed costs are $352,000 each year. INSTRUCTIONS: FOR EACH SCENARIO BELOW, CALCULATE TOTAL SALES AND SALES FOR EACH FOOD ITEM. SHOW YOUR COMPUTATIONS FOR EACH SCENARIO - (a), (b), and (c). (a) To achieve the target net income with the current sales mix and contribution margins above, caleulate total restaurant sales and the sales of each food item. (b) Jordan desires to evaluate the impact of certain changes in an attempt to increase sales volumes, as follows: (i) Reduce the contribution margin ratio on Entrees to 10% by reducing sales prices for Entrees. (ii) Increase the contribution margin ratio on Desserts to 50% by reducing variable costs for Desserts. The restauranrs sales mix and contribution margins following these change are as follows: With these changes, calculate total restaurnt sales and the sales of each food item to achieve the target net income. (c) Jordan leams that the restaurant can expand into adjacent space, but the additional space will increase fixed costs by so\% Including the changes in seenario (b) and the increase in fixed costs, calculate total restaurant sales and the sales of each food item to achieve the target net income

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