User Account

All Pages

Calculate the restaurants average check by meal period

Assignment Help Accounting Basics
Reference no: EM131921323

Question 1: A restaurant has 90 seats. Total annual sales revenue for next year is projected to be $975,000. The restaurant is open 52 weeks a year, seven days a week, and serves breakfast and lunch 6 days a week. Seat turnover per day is anticipated to be 1.2 times for breakfast, 1.25 times for lunch, and 1.20 times for dinner. Sales revenue is derived at 20% from breakfast, 30% from lunch, and 50% from dinner. Calculate the restaurants average check by meal period.

Question 2: The Resolute Resort hotel currently operates at 75% occupancy, using a rack rate for all rooms of $60 and marginal cost per room sold of $8. Calculate the occupancy figures for discount grid using discount percentages of 5%, 10%, and 20%.

Reference no: EM131921323

Questions Cloud

Calculate the amount of cash paid for insurance : Calculate the amount of cash paid for insurance and wages and the amount of cash received for fees during 2010
Were resource or support system available to prevent suicide : Does evidence in the form of letters, diaries, or suicide notes indicate that the individual met any of Beck's or Shneidman's cognitive risk factor for suicide?
Define pluralist and bilingualism : List several suggestions for promoting positive attitudes toward racial and cultural identity for all children.
Cost of operating the engineering center : If the MARR is 15%, determine the equivalent annual cost of operating the engineering center.
Calculate the restaurants average check by meal period : Sales revenue is derived at 20% from breakfast, 30% from lunch, and 50% from dinner. Calculate the restaurants average check by meal period
Why your research is significant to the area of death : Introduction section with the purpose of the study and research question, and why your research is significant to the area of death and dying.
Possible exchange rate policies : Explain and discuss the 3 possible exchange rate policies (Flexible exchange rate, Fixed exchange rate and Crawling peg) that can be adopted by any government
Calculate the mc of producing an additional cycle : Calculate the MC of producing an additional cycle. Find the firm's profit maximizing quantity and price.
Calculate the operating income from the function : Calculate the operating income from the function and justify your decision to accept or reject the booking

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.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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