How many customers do the restaurant need to serve

Assignment Help Financial Accounting
Reference no: EM132556092

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?

Reference no: EM132556092

Questions Cloud

What are the journal entries and ledger accounts : Paid sales staff wages of $5,412 for the two weeks up to and including yesterday, Cheque No. 607. What are the journal entries and ledger accounts
Discuss six strategies that can be implemented to reduce : Companies' aim to have a favourable receivables turnover ratio. Discuss six strategies that can be implemented to reduce its receivable turnover in days.
How the ph scale is used to measure acidity and basicity : Describe the relationship between acids, bases, salts, and water, and explain how the pH scale is used to measure acidity and basicity.
Port Access Controls–Physical Security : You have been exposed to several laws, initiatives and strategies that form large portion of maritime transportation security framework within United States
How many customers do the restaurant need to serve : How many customers do the restaurant need to serve in order to breakeven? If the sales revenue of the restaurant is $300,000, what is the profit?
How much is the average capital balance of Amos for the year : Amos invested additional P18,000 on March 30 and withdrew P12,000 on September 1. How much is the average capital balance of Amos for the year
Explain the consequences in a manner : An organism is exposed to a chemical which impedes (but does not block) the flow of electrons through the electron transport chain
Discuss unique safety : Identify and then discuss unique safety (not security) issues you see related to each of the five modes of transportation (railways, roadways, airways
Determine the cash payments made during April : During April, cash receipts totaled $303,850 and the April 30 balance was $14,390. Determine the cash payments made during April

Reviews

Write a Review

Financial Accounting Questions & Answers

  Changes in the quoted market prices of securities

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

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

  Can indri claim workers compensation

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?

  How much interest revenue will middleton corp report

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?

  Depreciation deductions-gain or loss on the sale

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..

  Assume the probability see-at-night soccer balls

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

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

prepare entries in general journal form to record the following transactions in general fund general ledger accounts

  Calculated the straight-line method

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

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 200 dividend at

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 mean that the earnings variable four times as important

Does this mean that the earnings variable is 4 times as important in predicting bankruptcy as the assets turnover variable? Explain

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