Great Deal! Get Instant $10 FREE in Account on First Order + 10% Cashback on Every Order Order Now

read attached file Supposing breakfast service would have an AGC of $5.25 per guest and that you would open at 8:00am opposed to 10:00am-9:00pm. What number of guests and revenues would be required to...

1 answer below »

read attached file


Supposing breakfast service would have an AGC of $5.25 per guest and that you would open at 8:00am opposed to 10:00am-9:00pm. What number of guests and revenues would be required to break even during the breakfast service period? Furthermore, if Mr. Turner wanted an additional after-tax benefit of $50 per day from breakfast service, how many guests need to be served?

Write an one page detailed report using clear ,concise language with support calculation.


Rubric:

Summary of decision and rationale and the extent to which decisions were supported by research and evidence of reading

Assessment of information and application of financial knowledge and understanding

Analysis and justification of Pricing Strategy and competitive environment both Internal and external

Answered Same Day Mar 15, 2021

Solution

Preeta answered on Mar 15 2021
153 Votes
The costs mentioned are as follows:
Food = $1,025,870
Labor = $207,000
Expenses = $152,450
Advertising = $78,625
Miscellaneous = $3,320
Depreciation = $24,000
Insurance = $9,780
Taxes and licenses = $10,940
Rent = $72,000
Rent = $26,980
Management = $98,000
Total Cost = $1,708,965
This total cost is for one year and for the purpose of the required problem, per day cost is required.
So, cost of one day =...
SOLUTION.PDF

Answer To This Question Is Available To Download

Related Questions & Answers

More Questions »

Submit New Assignment

Copy and Paste Your Assignment Here