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
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