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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%.
Bedard Corporation reported net income of $300,000 in 2010 and had 200,000 shares of common stock outstanding throughout the year.
Discuss the advantages of a convertible bond from the standpoint of 1) the bondholder and 2) the issuing corporation
For a 35-year old individual who hasn't made any TFSA contribution since 2009, what is the maximum contribution that he/she can make this year?
ben big is a partner in the cleveland office of the national accounting firm of price brickhouse. he owns 1000 shares
Harriet and Harry Combs (both 37 years old) are married and both want to contribute to a Roth IRA. In 2012, their AGI is $50,000. Harriet earned $46,000 and Harry earned $4,000. (Leave no cells blank - be certain to enter "0" wherever required. Om..
An old warehouse on the property was razed at a cost of $10,400; Determine the amount to be reported as the cost of the land
Write a 250- to 300-word paper about life insurance that explains some basics to a potential purchaser
Inform the President of any new internal control requirements if the company decides to go public.
Prepare a table Calculating the amortization rates use to amortize the Prior Service Cost under the Years of Service Method for 2015 and 2016
Explore the International Accounting Standards Board (IASB) and the Financial Accounting Standards Board (FASB) Web sites, and complete the following:
The bonds make semiannual payments and have a par value of $1,000. If the YTM on these bonds is 5.8 percent what is the current bond price
patient service receivables were written off using the direct write-off method. What amount of net revenue should Ace report
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