Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

This is a First Post discussion, answer the questions and check each other's work. Problem 1 a. Using the following sales data, prepare a chart

image text in transcribed
image text in transcribed
This is a First Post discussion, answer the questions and check each other's work. Problem 1 a. Using the following sales data, prepare a chart in the form illustrated in Figure 16.10 Drinks Prepared Number Sold Ounces per Drink 2 Martini's 20 Straight Shots 120 1.5 b. Using the average sales value method, determine the potential sales value of 12 one- liter bottles of Gin. FIGURE 16.10 - Average Sales Value of Gin per Ounce Primary Ingredients: Gin Ounces Per Drinks No. Sold Drink Martini Straight shots 150 1 1/4 oz. Totals Sales Value per Ounce $2.73 90 2 oz. Total Ounces Drink Price 180.0 $4.50 187.5 $4.00 367.5 Total Sales $ 405.00 $ 600.00 $1,005.00

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_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions