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Café Cascade has 120 seats with an average turnover of 3.0 per day and an average check of $18.25. If the café is open 275 days/year, what is the estimated annual sales revenue? Number of seats 120 Seat turnover/day 3.0 Average check $18.25 Days open/year 275

Café Cascade has 120 seats with an average turnover of 3.0 per day and an average check of $18.25. If the café is open 275 days/year, what is the estimated annual sales revenue? Number of seats 120 Seat turnover/day 3.0 Average check $18.25 Days open/year 275

Intermediate Financial Management (MindTap Course List)
Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
Publisher:Eugene F. Brigham, Phillip R. Daves
Chapter7: Analysis Of Financial Statements
Section: Chapter Questions
Problem 1P: Greene Sisters has a DSO of 20 days. The companys average daily sales are 20,000. What is the level...
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Café Cascade has 120 seats with an average turnover of 3.0 per day and an average check of $18.25. If the café is open 275 days/year, what is the estimated annual sales revenue? Number of seats 120 Seat turnover/day 3.0 Average check $18.25 Days open/year 275
Transcribed Image Text:Café Cascade has 120 seats with an average turnover of 3.0 per day and an average check of $18.25. If the café is open 275 days/year, what is the estimated annual sales revenue? Number of seats 120 Seat turnover/day 3.0 Average check $18.25 Days open/year 275
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