Discuss the average contribution earned from covers served

Assignment Help Finance Basics
Reference no: EM131519152

Question: The Sea Breeze is a 200-room family resort hotel in Blackpool, Northern England that is open 7 days per week. It has one restaurant and restaurant sales are only made to hotel guests. During the next quarter beginning 1 April, the rooms manager anticipates an average occupancy of 70% and an average of 2.5 people in each occupied room. Restaurant records indicate that 90% of guests eat breakfast, 30% each lunch and 60% eat dinner at the restaurant. The average contribution earned from covers served in the restaurant is £4 for breakfast, £8 for lunch and £12 for dinner.

Reference no: EM131519152

Questions Cloud

Discuss key similarities and differences : Discuss key similarities and differences, and the reasons for each similarity and/or difference you see.
Factors are relevant in an assessment : What factors are relevant in an assessment of whether a company is insolvent and why is the issue of insolvency an important factor in the regulation.
What was the approximate inflation rate : What was the approximate inflation rate?
What are the three primary objectives of financial reporting : What was the primary reason for the establishment of the 1933 Securities Act and the 1934 Securities Exchange Act? What power does the Securities and Exchange.
Discuss the average contribution earned from covers served : The Sea Breeze is a 200-room family resort hotel in Blackpool, Northern England that is open 7 days per week. It has one restaurant and restaurant sales.
An interview in determining the competence of clients : What are the functions of the components of mental status and an interview in determining the competence of clients?
Sierra leone gross domestic policy and its economy : What relationship is there between Sierra Leone's Gross Domestic Policy and its econ
What standards will affect trinity as a result of ifrs : What changes will be required for Trinity to improve internal control compliance? What standards will affect Trinity as a result of IFRS?
Review the case related to the jam : One of the kitchens in a large Las Vegas hotel complex produces fresh local fruit jam. The jam is placed into expensive jars moulded with the hotel.

Reviews

Write a Review

Finance Basics Questions & Answers

  Assuming the capital structure is optimal what amount of

taylor service has a capital structure consisting of 40 percent debt and 60 percent common equity. assuming the

  In the past several weeks you have been introduced to a

in the past several weeks you have been introduced to a range of statistical data analysis tools. consider what you

  What is the effective annual cost of trade credit if you

Your supplier offers terms of 1/10, Net 45. What is the effective annual cost of trade credit if you choose to forgo the discount and pay on day 45?

  Create a double-spaced two-page introductory report

you work for comus 9 a clothing company that has a hugely popular ready-to-wear line. your company is thinking about a

  Value of her retirement account

If these funds have an average earning of 10 percent over the 12 years until her retirement, what will be the value of her retirement account?

  Decide whether you consider it to be a valid measure

Decide whether you consider it to be a valid measure. Explain why or why not. Decide whether you consider it to be a reliable measure. Explain why or why not.

  Basic financial statements

Identify the 4 basic financial statements. Describe the purpose of each of the 4 financial statements.

  Determine overall percentage decrease in total assets

The Following data was reported by Gap, Inc in its 2006 yearly report. Estimate the overall percentage decrease in total assets from 2002 to 2006.

  Real estate finance

Discuss various types of derivatives contracts: Options, Futures and Forward Contracts. Discuss various types of government and central bank intervention to impact currency exchange rates.

  What is the customer expected return

a. What is the customer's expected return if she borrows the money? b. Does borrowing the money make the investment more attractive? c. What does the Irrelevance Proposition say about whether borrowing the money makes the investment more attractive?

  What is the price/earnings p e ratio

1) ABC Company has total assets of $795,800. There are 40,505 shares outstanding with a market value of $24 per share. If the net profit margin is 7.8% and the total asset turnover is 2.2, what is the price/earnings (P/E) ratio?

  What is the minimum initiation interval for a software

A certain loop requires 5 loads, 7 stores, and 8 arithmetic operations. What is the minimum initiation interval for a software pipelining of this loop on a machine that executes each operation in one clock tick, and has resources enough to do, in ..

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