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The Grand Inn is a restaurant in Flagstaff, Arizona. It specializes in southwestern style meals in a moderate price range. Paul Weld. the manager of
The Grand Inn is a restaurant in Flagstaff, Arizona. It specializes in southwestern style meals in a moderate price range. Paul Weld. the manager of Grand, has determined that during the last 2 years the sales mix and contribution margin ratio of its offerings are as follows Appetizers Main entrees Desserts Beverages Percent of Total Sales 15 % 5056 10 25 % Contribution Margin Ratio 80 % 25 % 60 % 80 Paul is considering a variety of options to try to improve the profitability of the restaurant. His goal is to generate a target net income of $111.000. The company has fixed costs of $1,196,950 per year Calculate the total restaurant sales and the sales of each product line that would be necessary to achieve the desired targetnet Income (Round intermediate calculations to 3 decimal places. 0.251 and final answers to decimal places, es 23.5103 Totalrestaurant Sales $ (a) Calculate the total restaurant sales and the sales of each product line that would be necessary to achieve the desired target net income. (Round intermediate calculations to 3 decimal places e.8. 0.251 and final answers to decimal places, s. 2,510.) Totalrestaurant sales Sales from Each Product Appetizers $ Main entrees 5 Desserts $ Beverages $ e Textbook and Media Attempts: 0 of 5 used Submit Anwer Sator (6)
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