Restaurant A serves lunch and dinner. It is open 5 days a week all yearlong. The total revenue for the past year was $1,000,000. The managerof Matt's Deli estimates that 52% of its revenue is provided by lunchservice and the remainder by dinner service. Matt's has 50 seats, with aseat turnover rate of 7.3 for lunch and 4.8 for dinner. Determine theaverage check per meal for lunch.Select one:a. $237b. $653c. None of the available choicesd. $333

Step 1: Given Restaurant working days = 5 days per week all year long1 year has 52 weeks5 days a…

Answered: Restaurant A serves lunch and dinner.…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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You are looking for a bank in which to open a checking account for your new part-time business. You estimate that in the first year, you will be writing 30 checks per month and will make three debit transactions per month. Your average daily balance is estimated to be $900 for the first six months and $2,400 for the next six months. Use the following information to solve the problem. Bank Monthly Fees and Conditions Bank 1 $16.00 with $1,000 min. daily balance-or-$25.00 under $1,000 min. daily balance Bank 2 $4.50 plus $0.40 per check over 10 checks monthly$1.00 per debit transaction Bank 3 $5 plus $0.25 per check$2.00 per debit transaction Bank 4 $8 plus $0.15 per check$1.50 per debit transaction (a) Calculate the cost (in $) of doing business with each bank for a year. Bank 1 Bank 2 Bank 3 Bank 4 (b) Which bank should you choose for your checking account? Bank 1 Bank 2 Bank 3 Bank 4
Sanju
Hel Check my work mode : This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion. Baker's Financial Planners purchased nine new computers for $910 each. It received a 20% discount because it purchased more than four and an additional 5% discount because it took immediate delivery. Terms of payment were 5/10, n/30. Baker's pays the bill within the cash discount period. How much should the check be? (Do not round intermediate calculations. Round your final answer to the nearest cent.) Amount $ 5835.38 8 10 of 10
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