Answered step by step
Verified Expert Solution
Question
1 Approved Answer
The West Coast Restaurant approved the Budget for 2019. Which was developed based on the 2018 actuals figures below: West Coast Restaurant 2018 F&B Total
The West Coast Restaurant approved the Budget for 2019. Which was developed based on the 2018 actuals figures below: West Coast Restaurant 2018 F&B Total Revenues FIXED Costs COGS Average Daily Ticket Tot al clients $1,620,000 $ 518,400 $ 648,000 $ 60 S 27,000 S 453,600 Operating Profit Operating Proft Margim 28% Unfortunately, the fixed costs will increase by 10%, and the COGs will increase by 10%, assuming that the F&B Total Revenues, Average Daily Ticket, and total clients' actuals will be the same for the Budget 2019. Question: Please select below what will be the total operating profit and the operating profit margin for the Budget 2019, based on the scenario above: Select one: O a. Operating Profit = $ 336,960 / Operating Profit Margin = 20.8% O b. Operating Profit = $ 360,480 / Operating Profit Margin = 22.2% O c. Operating Profit = $ 303,480 / Operating Profit Margin = 18.7% O d. Operating Profit = $ 316,480 / Operating Profit Margin = 19.5%
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored 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