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Seneca College *

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440

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Accounting

Date

Nov 24, 2024

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pdf

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2

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10/30/23, 9:30 AM Chapter 5 Quiz https://www.ameengage.com/mod/quiz/review.php?attempt=4637687&cmid=1260610 1/2 Dashboard / My courses / [Seneca 09/2023] HTM440NHB - Nardi / CHAPTER 5 - Pricing Methods / Chapter 5 Quiz Question 1 Correct Mark 1.00 out of 1.00 Started on Sunday, 29 October 2023, 11:55 PM State Finished Completed on Monday, 30 October 2023, 12:00 AM Time taken 5 mins 19 secs Grade 8.00 out of 10.00 ( 80 %) If a 100 seat restaurant is open every day and has total sales of $200,000 for the month of September, what is the average lunch check if lunch sales are 60% of the total sales and the seat turnover is 2.2 times? Select one: a. $12.12 b. $30.30 c. $17.60 d. $18.18 Your answer is correct. Explanation: Average lunch check is calculated as (Meals by period × Total sales for the period) ÷ (Number of seats × Seat turnover × Days open) = (60% × $200,000) ÷ (100 × 2.2 × 30) = $18.18. The correct answer is: $18.18
10/30/23, 9:30 AM Chapter 5 Quiz https://www.ameengage.com/mod/quiz/review.php?attempt=4637687&cmid=1260610 2/2
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