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...
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![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](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fb97d46dc-2fc2-4aa8-9c77-67226ce79920%2Fb9552fa9-22ad-442e-b282-4b5e431c23fd%2Fnpenana_processed.jpeg&w=3840&q=75)
Transcribed Image Text: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
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