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A restaurant has fixed costs of $100,000, average check per person is $25, target operating income is $50,000 and the contribution margin is 40%.
Question 1: What is the sales revenue required to breakeven?
Question 2: How many customers do the restaurant need to serve in order to breakeven?
Question 3: If the sales revenue of the restaurant is $300,000, what is the profit?
Changes in the quoted market prices of securities held as an investment and loss on an uncollectible account receivable resulting from a customer's major flood loss
Prepare Record the issuance of stock for the building. On July 1, 2011, Kosa, a new corporation, issued 20,000 shares of its common stock
If Indri is the only secured creditor, will he get back his $90 000? - Can Indri claim workers' compensation, assuming that he is otherwise entitled to it?
Accepts a $3,400 note receivable that offers 9% interest and is due in six months. How much interest revenue will Middleton Corp. report during 2021?
Doris acquired a machine at a cost of $30,000 for use in her business, and she placed it in service on April 1, 2014. The machine is depreciated under MACRS, with a 7-year recovery period. This machine was the only asset Doris purchased this year. Ca..
Hit or Miss Sports is introducing a new product this year. If its see-at-night soccer balls are a hit, the firm expects to be able to sell 55,000 units a year at a price of $60 each. If the new product is a bust, only 35,000 units can be sold at a pr..
What is best Estimate of the after-tax cost of debt? Assume that you have been hired as a consultant by CGT, a major producer of chemicals and plastics
prepare entries in general journal form to record the following transactions in general fund general ledger accounts
Calculated using the straight-line method. At the time the equipment was purchased, the company estimated a residual value of $4,200 and a two-year service life
Calculate the total dividends paid on preferred shares up to the end of 2017 and the amount of the Retained Earnings at the end of 2017.
question 1 turkish air is expected to pay a 2.00 dividend at the end of this year. if you expect turkish airs dividend
Does this mean that the earnings variable is 4 times as important in predicting bankruptcy as the assets turnover variable? Explain
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