QUESTION: A restaurant has 100 seats with an average turnover of 2.5, and an average check of $14.75. If the restaurant is open 260 days/year, what is the annual sales revenue? Number of seats Seat turnover/day Average check 100 2.5 $14.75 Estimate annual revenue 260

QUESTION: A restaurant has 100 seats with an average turnover of 2.5, and an average check of $14.75. If the restaurant is open 260 days/year, what is the annual sales revenue? Number of seats Seat turnover/day Average check 100 2.5 $14.75 Estimate annual revenue 260

Intermediate Financial Management (MindTap Course List)

13th Edition

ISBN:9781337395083

Author:Eugene F. Brigham, Phillip R. Daves

Publisher:Eugene F. Brigham, Phillip R. Daves

Chapter21: Supply Chains And Working Capital Management

Section: Chapter Questions

Problem 9P: Grunewald Industries sells on terms of 2/10, net 40. Gross sales last year were 4,562,500 and...

See similar textbooks

Related questions

Q: Need help

A: Step 1: Step 2: Step 3: Step 4:

Q: eBook Pri Question 5 Incorrect Mark 0.00 out of 10.00 Preparing a Job Order Cost Sheet Flag question…

A: Step 1: A job order cost sheet is simply the cost sheet that accumulates the cost incurred for each…

Q: Sales Cost of goods sold Gross margin Selling and administrative expenses: Selling expense…

A: First, we need to calculate the expected cash collections for each month and for the quarter in…

Q: Help

A: Given:- Valhalla Corporation needs to raise $60 million.- The offer price is $25 per share.- The…

Q: Cornick, Inc. sells office products to businesses in the eastern region of the United States. Each…

A: Creating a Table of Entities and Activities involves identifying the key entities (people,…

Q: How long will it take an RRSP to grow to $385,000 if it takes in month-end contribution of $1,850…

Q: Don't use ai to answer I will report your answer Solve it Asap with explanation and calculation

A: 1)Variable OH Rate = Total Variable Overhead / Budgeted Number of Patients= $106,250 / 8,500=…

Q: None

Q: The controller of Bramble Corporation has provided you with the following information: Bramble…

A: Since you don't provide a reference, I provide you with my own. Bramble CorporationPartial Statement…

Q: Intercompany Transactions How do unrealized intercompany inventory profits from a prior period…

A: Unrealized intercompany profits occur when one entity of a consolidated group sells inventory to…

Q: Ashley Panda lives at 1310 Meadow Lane, Wayne, OH 43466, and her Social Security number is…

A: 2022 Federal Tax Return for Ashley PandaForm 1040: U.S. Individual Income Tax ReturnPersonal…

Q: Provide True Answer

A: Step 1: Definition of Profit:Profit is a measure of the profitability of a product or a business. It…

Q: B2B Company is considering the purchase of equipment that would allow the company to add a new…

A: The Net Present Value (NPV) is a financial metric used to evaluate an investment's profitability. It…

Q: Which of the following is not a type of commercial damage? 1) Lost value 2) Lost expenditures 3)…

A: Commercial damages refer to the financial losses suffered by a business due to some form of…

Q: Overview Fordham and Hamilton evaluated a broad range of small businesses and found that a large…

A: Evaluation of Fordham and Hamilton's FindingsFordham and Hamilton's paper, "Accounting Information…

Q: 24

A: To calculate the amount of proceeds Sam will get to keep after selling 19 shares of stock, we need…

Q: WRT, a calendar year S corporation, has 100 shares of outstanding stock. At the beginning of the…

A: INTRODUCTION Shareholder income refers to the portion of a company's profit that is allocated to…

Q: Solve this problem

A: If you have any help please let me know in comment box and then I will help you.

Q: 4) The data below is the stock record for item 345 Date Receipts 14/3 10 Unit cost 11 sales balance…

A: Step 1: Calculation of inventory using FIFOFormula table:The value of ending inventory under FIFO…

Q: Astroll Mahato Company has provided the following report for the most recent period. Astroli Mahato…

A: To complete the performance report for Astroli Mahato Company and calculate the spending variances,…

Q: None

A: Let's start by computing the joint costs allocated to each product. We're gonna use the given sales…

Q: Statement of cash flows A summary of cash flows for A-One Travel Service for the year ended August…

A: Preparation of cash flow statement as follows:Resultant values:

Q: Need answer don't use ai

A: Step 1: Introduction to the Manufacturing CostsManufacturing costs include all the costs that might…

Q: answer must be in table format or i will give down vote

A: Approach to Solving the Question:Determine the net revenue from selling the product at the split-off…

Q: 4 Deirdre, the production manager at Pheonix Manufacturing Company decided to choose a supplier with…

A: Based on the scenario described, the correct answer is: Risk avoidingRisk avoiding: In this…

Q: Current Attempt in Progress Which of the following disclosures is not required for a change from…

A: why other answers are not correct : When changing from LIFO to FIFO, companies typically need to…

Q: None

A: Step 1:Cash Flow Statement:-Cash Flow Statement is the statement prepared at the end of accounting…

Q: not use ai please

A: Answer:Req. A1 Req. A2 Step by step solution:

Q: In public health, we often struggle for funding. Understanding which health challenges are…

A: First, visit the Clark County Health Rankings website and enter the name of your county. This will…

Q: Need answer please

A: Detailed Solution : To determine the total amount received by Vijay in the given transaction we will…

Q: XYZ Ltd. has an accounts receivable balance of $200,000 at the end of 2024. The company estimates…

A: First, we need to calculate the bad debt expense for the year. This is done by multiplying the total…

Q: 4. Gardner's work on memory suggests that: a) Memory is purely reconstructive b) Memory is static…

A: The correct answer is :a) Memory is purely reconstructive Gardner's work, particularly influenced by…

Q: Wildhorse Limited is a private company reporting under ASPE. Its comparative balance sheet at…

A: Balance Sheet ExplanationThe balance sheet shows the financial position of Wildhorse Limited at two…

Q: The following salaried employees of Mountain Stone Brewery in Fort Collins, Colorado, are paid…

A: Below are the steps taken to calculate the net pay for each employee.Step 1: Calculate Federal…

Q: None

A: Step 1:Income statement prepared at the end of accounting year to know the correct profitability of…

Q: December 31, current year. Balances January 1, current year Accounts receivable (various customers)…

A: Initial Balances (January 1, Current Year)Accounts Receivable: $120,000Represents amounts owed to…

Q: Crane Decor sells home decor items through three distribution channels-retail stores, the Internet,…

A: Step 1: Calculate the Net Operating Income (NOI)Net Operating Income is calculated as…

Q: Anderson Corporation has purchased a group of assets for $23,200. The assets and their relative fair…

A: Step 1: Determine the Total Value of the AssetsFirst, we add up the individual values of the land,…

Q: B H End Most businesses sell several products at varying prices. The products often have different…

A: Step 1:Step 2:Step 3:Step 4:

Q: Prepare journal entries to record each of the following transactions of a merchandising company. The…

A: Given the information above,Required:Journal entriesSolution:The perpetual inventory method is…

Q: None

A: The cost of inventory is $14 which is higher than its replacement cost of $10. As a result, the…

Q: Need answer this question

A: we will calculate the Operating Cash Flow (OCF) step by step, using the information given. Step 1:…

Q: not use ai please

A: Approach to solving the question: Detailed explanation: To determine if Shaylee Corporation can…

Q: Solve the problem. Show work and do not use AI

A: For the first two questions, we can directly find it from the given data: -> Finished Goods…

Q: None

A: Step 1: Given Value for Calculation Investment ACash Flow for Year 0 = cf0 = -$15,000Cash Flow for…

Q: None

A: cash conversion cycle (CCC) for Bayer Company, calculated as days inventory outstanding (72days)…

Q: 19 East Co.'s manufacturing costs are as follows: Direct materials and direct labour $700,000…

A: Reference:Tuovila, A. (2024, June 18). Absorption Costing Explained, With Pros and Cons and…

Q: not use ai

A: jourrnal entries record various transactions for a nonprofit organization,including donations,…

Q: Please provide Solutions

A: Step 1:Calculate the realized gainStep 2:Determine the amount reinvestedStep 3:Calculate the…

Q: The following data pertain to an investment proposal (ignore income taxes. Cost of the investment…

A: To determine the net present value (NPV) of the proposed investment, we use the following NPV…

Question

Give me answer

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

SEE SOLUTION Check out a sample Q&A here

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

Similar questions

Help with question solution
I want correct answer
Need answer do not use ai
None
Provide answer for this question
Please Give the answer of this question
1. A restaurant with 100 seats, serving both lunch and dinner 6 days per week, reported total annual sales revenue of $998,000. Dinner generates 68% of total sales revenue, with a seat turnover of 1.75. What is the average check for dinner?
Need answer the accounting question
The following information is available for a hotel company for the latest thirty day period. Number of rooms available per night 40 Percentage occupancy achieved 65% Room servicing cost incurred $3,900 What was the room servicing cost per occupied room-night last period, to the nearest cent? A $3.25 B $5.00 C $97.50 D $150.00
Provide answer the accounting question with step by step calculation
1. Aboridor company had the following results last year: Sales, P700,000; Return on Investment, 28%; and profit margin of 8%. How much was the operating assets last year? 2. Jadafe makes all purchases on account, subject to the following payment pattern:Paid in the month of purchase .................. ..... 30%Paid in the first month following the purchase ....... 60%Paid in the second month following the purchase .. 10%If purchases for January, February and March were P200,000; P180,000; and P230,000,respectively, what were the firm’s budgeted payments in March? 3. Ariba Company Consists of two stores, Amina and Ramina. Store Amina has a sales of P80,000 during April,a contribution margin ratio of 30% and a segment margin of P11,000. The company as awhole had sales of P200,000, a contribution margin of 36%, segment margin for the twostores totalling P31,000. If the net income of the company was P15,000 for the month, whatmust have been the traceable fixed expenses in Store Ramina.
ANswer with formulas for upvotes