The following information is from Darden Restaurants Annual Report. Use the information presented in this table to fill in the blanks for Total Sales Dollars, Sales Mix Percentage. Total Number of Restaurants and Restaurant Unit Mix Percentage. Round answers to the nearest 10th percent, ie. 10.1%. Red Lobster Sales Dollars $2,430,000,000 Sales Mix Percentage [ Select] No. of Restaurant Unit Mix Restaurants Percentage V673 [Select]

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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Room Revenue
Room Profit
Rooms Sold
Actual
$695,000
Average Room Rate $67.50
$500,000
Catering Revenue
10,300
Occupancy Percent 83.1%
Budget Last Year
$680,000
$240,000
$486,000
$68.00
10,000
Restaurant Revenue $126,000 $125,000
80.1%
$250,000
$650,000
$460,000
Gift Shop Revenue $23,000 $22,000
$65.66
Beverage Revenue $48,000 $50,000 $47,000
9,900
79.8%
$124.000
$245,000
Total F&B Revenue $414,000 $425,000 $416,000
$21,000
Total Revenues $1,132,000 $1,127,000 $1,087,000
Transcribed Image Text:Room Revenue Room Profit Rooms Sold Actual $695,000 Average Room Rate $67.50 $500,000 Catering Revenue 10,300 Occupancy Percent 83.1% Budget Last Year $680,000 $240,000 $486,000 $68.00 10,000 Restaurant Revenue $126,000 $125,000 80.1% $250,000 $650,000 $460,000 Gift Shop Revenue $23,000 $22,000 $65.66 Beverage Revenue $48,000 $50,000 $47,000 9,900 79.8% $124.000 $245,000 Total F&B Revenue $414,000 $425,000 $416,000 $21,000 Total Revenues $1,132,000 $1,127,000 $1,087,000
The following information is from Darden Restaurants Annual Report. Use the information presented
in this table to fill in the blanks for Total Sales Dollars, Sales Mix Percentage. Total Number of
Restaurants and Restaurant Unit Mix Percentage. Round answers to the nearest 10th percent, ie.
10.1%.
Red
Lobster
Olive
Garden
Sales Dollars
$2,430,000,000
Bahama
Breeze
Totals
$1,990,000,000
Smokey
Bones
$138,000,000
$93,000,000
[Select]
Sales Mix Percentage
[Select]
[ Select]
| Select]
| Select |
| Select |
<
>
>
>
No. of Restaurant Unit Mix
Restaurants Percentage
673
524
34
39
1,270
[Select]
[Select]
| Select]
| Select]
| Select]
>
Transcribed Image Text:The following information is from Darden Restaurants Annual Report. Use the information presented in this table to fill in the blanks for Total Sales Dollars, Sales Mix Percentage. Total Number of Restaurants and Restaurant Unit Mix Percentage. Round answers to the nearest 10th percent, ie. 10.1%. Red Lobster Olive Garden Sales Dollars $2,430,000,000 Bahama Breeze Totals $1,990,000,000 Smokey Bones $138,000,000 $93,000,000 [Select] Sales Mix Percentage [Select] [ Select] | Select] | Select | | Select | < > > > No. of Restaurant Unit Mix Restaurants Percentage 673 524 34 39 1,270 [Select] [Select] | Select] | Select] | Select] >
Expert Solution
Step 1: Define Sales Mix Percentage :-

Sales mix percentage is the number of product sales divided by the number of total products sold. There are two sales mix percentages to be aware of :-

Percentage & Current.

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