Question
The manager of a 200-seat restaurant in Sydney is interested in comparing the sales performance of the two most recent years. The restaurant is open
The manager of a 200-seat restaurant in Sydney is interested in comparing the sales performance of the two most recent years. The restaurant is open 360 days per year. In 20X2, the restaurant served 216,000 lunch covers, and 144,000 dinner covers. Identify the answers (i.e., fill in the blanks) for each of the below lettered blanks.
|
| 20X1 | 20X2 |
| Lunch Revenue | $2,880,000 | $3,456,000 |
| Dinner Revenue | $2,880,000 | $3,456,000 |
| Lunch Average Spend | $20 |
|
| Dinner Average Spend | $40 |
|
| Lunch Seat Turnover | 2 |
|
| Dinner Seat Turnover | 1 |
|
| Lunch Revenue / Seat | $40 |
|
| Dinner Revenue / Seat | $40 |
|
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Fundamentals of corporate finance
Authors: Robert Parrino, David S. Kidwell, Thomas W. Bates
2nd Edition
978-0470933268, 470933267, 470876441, 978-0470876442
