Calculate the average check and number of turns

Assignment Help Accounting Basics
Reference no: EM131880499

Question 1: 1 Given opening inventory $1,500, additional purchases between opening and closing inventories $700, spoilage and complimentary meals $150, closing inventory $800, labor cost $1,000, food sales $ 4,000.

Please calculate the following F&B operating ratios

Food cost ($):

Food cost ratio (%):

Labor cost ratio (%):

Contribution Margin ($):

Question 2. There are 70 seats capacity in a casual dinner and there are 140 guests coming in and generating $3,500 revenue during Thursday lunchtime. Please calculate the average check and number of turns.

Reference no: EM131880499

Questions Cloud

Assess management responsibility to share information : Assess management's responsibility to share information related to the breach with various stakeholder groups, indicating what should be shared and how.
How long will it take your investment to be worth : a. How long will it take your investment to be worth $1,500?
Write how-many-groups story problem : Write how-many-groups story problem for 35÷7
How will you help company to recover and expand : How will you help company to recover and expand its operation in Saudi Arabia. The Company hired you as CEO of Starbucks coffee in Saudi Arabia.
Calculate the average check and number of turns : There are 70 seats capacity in a casual dinner and there are 140 guests coming in and generating $3,500 revenue during Thursday lunchtime.
Shares of stock your brokerage recommends : Suppose you are a stockbroker, who has just sold a new client 500 shares of a stock your brokerage recommends.
Variability of braking distances : The weights (in pounds) of eight vehicles and the variability of their braking distances (in feet) when stopping on a dry surface are shown.
Men inning times-women winning times : Do the Winning times in the 100 Meter Summer Olympics Run show that men's inning times are correlated with women's winning times?
Scatter plot using the following data sets : Correlation scatter plots Make a scatter plot using the following data sets. If the sets are correlated

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd