Beginning Inventory $11,500 Daily Alternative Purchases (+) $1,000 Produce Purchases (+) $550 Protein Purchases (+) $1,000 Dry Goods Purchases (+) $1,000 Total Available = $15,050 Ending Inventory (-) $10,900 Food Cost (COGS) (=) $4,100 Revenue (Sales) (+) $12,500 Food Cost % (=) 32.8% If the Revenue (sales) decreases and everything else remains the same, what happens to the Food Cost percentage? a. Food cost % increases because the ratio of food cost to revenue will be higher b. Food cost % decreases because the ratio of food cost to revenue will be higher c. Food cost % increases because the ratio of food cost to revenue will be lower d. Food cost % decreases because the ratio of food cost to revenue will be lower
Beginning Inventory $11,500 Daily Alternative Purchases (+) $1,000 Produce Purchases (+) $550 Protein Purchases (+) $1,000 Dry Goods Purchases (+) $1,000 Total Available = $15,050 Ending Inventory (-) $10,900 Food Cost (COGS) (=) $4,100 Revenue (Sales) (+) $12,500 Food Cost % (=) 32.8% If the Revenue (sales) decreases and everything else remains the same, what happens to the Food Cost percentage? a. Food cost % increases because the ratio of food cost to revenue will be higher b. Food cost % decreases because the ratio of food cost to revenue will be higher c. Food cost % increases because the ratio of food cost to revenue will be lower d. Food cost % decreases because the ratio of food cost to revenue will be lower
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
Related questions
Question
Beginning Inventory |
$11,500 |
Daily Alternative Purchases |
(+) $1,000 |
Produce Purchases |
(+) $550 |
Protein Purchases |
(+) $1,000 |
Dry Goods Purchases |
(+) $1,000 |
Total Available |
= $15,050 |
Ending Inventory |
(-) $10,900 |
Food Cost (COGS) |
(=) $4,100 |
Revenue (Sales) |
(+) $12,500 |
Food Cost % |
(=) 32.8% |
If the Revenue (sales) decreases and everything else remains the same, what happens to the Food Cost percentage?
a.
Food cost % increases because the ratio of food cost to revenue will be higher
b.
Food cost % decreases because the ratio of food cost to revenue will be higher
c.
Food cost % increases because the ratio of food cost to revenue will be lower
d.
Food cost % decreases because the ratio of food cost to revenue will be lower
AI-Generated Solution
Unlock instant AI solutions
Tap the button
to generate a solution
Recommended textbooks for you
![Advanced Engineering Mathematics](https://www.bartleby.com/isbn_cover_images/9780470458365/9780470458365_smallCoverImage.gif)
Advanced Engineering Mathematics
Advanced Math
ISBN:
9780470458365
Author:
Erwin Kreyszig
Publisher:
Wiley, John & Sons, Incorporated
![Numerical Methods for Engineers](https://www.bartleby.com/isbn_cover_images/9780073397924/9780073397924_smallCoverImage.gif)
Numerical Methods for Engineers
Advanced Math
ISBN:
9780073397924
Author:
Steven C. Chapra Dr., Raymond P. Canale
Publisher:
McGraw-Hill Education
![Introductory Mathematics for Engineering Applicat…](https://www.bartleby.com/isbn_cover_images/9781118141809/9781118141809_smallCoverImage.gif)
Introductory Mathematics for Engineering Applicat…
Advanced Math
ISBN:
9781118141809
Author:
Nathan Klingbeil
Publisher:
WILEY
![Advanced Engineering Mathematics](https://www.bartleby.com/isbn_cover_images/9780470458365/9780470458365_smallCoverImage.gif)
Advanced Engineering Mathematics
Advanced Math
ISBN:
9780470458365
Author:
Erwin Kreyszig
Publisher:
Wiley, John & Sons, Incorporated
![Numerical Methods for Engineers](https://www.bartleby.com/isbn_cover_images/9780073397924/9780073397924_smallCoverImage.gif)
Numerical Methods for Engineers
Advanced Math
ISBN:
9780073397924
Author:
Steven C. Chapra Dr., Raymond P. Canale
Publisher:
McGraw-Hill Education
![Introductory Mathematics for Engineering Applicat…](https://www.bartleby.com/isbn_cover_images/9781118141809/9781118141809_smallCoverImage.gif)
Introductory Mathematics for Engineering Applicat…
Advanced Math
ISBN:
9781118141809
Author:
Nathan Klingbeil
Publisher:
WILEY
![Mathematics For Machine Technology](https://www.bartleby.com/isbn_cover_images/9781337798310/9781337798310_smallCoverImage.jpg)
Mathematics For Machine Technology
Advanced Math
ISBN:
9781337798310
Author:
Peterson, John.
Publisher:
Cengage Learning,
![Basic Technical Mathematics](https://www.bartleby.com/isbn_cover_images/9780134437705/9780134437705_smallCoverImage.gif)
![Topology](https://www.bartleby.com/isbn_cover_images/9780134689517/9780134689517_smallCoverImage.gif)