A restaurant specializes in a seafood buffet dinner only, at a price of $15.75 per person with a variable cost of $6.30 per person. The fixed cost is $6000 per month. On a monthly basis, how many buffet meals must be served to break even if they are open 20 days per month? 900 meals 635 meals O 735 meals 850 meals
A restaurant specializes in a seafood buffet dinner only, at a price of $15.75 per person with a variable cost of $6.30 per person. The fixed cost is $6000 per month. On a monthly basis, how many buffet meals must be served to break even if they are open 20 days per month? 900 meals 635 meals O 735 meals 850 meals
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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7

Transcribed Image Text:Given the facts in the previous question, how many meals would have to be sold if variable costs
increased 20% and fixed costs declined by 20% ? Same operating income requirement stands.
60,000
O 70,000
O 65,000
50,000
Question 4
A restaurant specializes in a seafood buffet dinner only, at a price of $15.75 per person with a
variable cost of $6.30 per person. The fixed cost is $6000 per month. On a monthly basis, how
many buffet meals must be served to break even if they are open 20 days per month?
900 meals
635 meals
735 meals
850 meals
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