In 2020, Jimmy's Seafood Shack (a seafood restaurant) had the following expenses: Average meal price =...
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In 2020, Jimmy's Seafood Shack (a seafood restaurant) had the following expenses: Average meal price = $11.35 Meals sold = 9,560 Food = $28,653 Food Labour $19,386 = Management = $6,855 Packaging = $4,133 Maintenance = $1,213 Marketing = $2,650 Insurance/legal = $1,520 Waste Management = $900 Utilities = $3,750 Rent = $4,960 Given the above information from last year, calculate the number of meals a restaurant would have to sell to break even in the current year. In 2020, Jimmy's Seafood Shack (a seafood restaurant) had the following expenses: Average meal price = $11.35 Meals sold = 9,560 Food = $28,653 Food Labour $19,386 = Management = $6,855 Packaging = $4,133 Maintenance = $1,213 Marketing = $2,650 Insurance/legal = $1,520 Waste Management = $900 Utilities = $3,750 Rent = $4,960 Given the above information from last year, calculate the number of meals a restaurant would have to sell to break even in the current year.
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2020 Expenses Maintenance 1213 Marketing 2650 Food 28653 Insurancelega... View the full answer
Related Book For
Financial Accounting and Reporting a Global Perspective
ISBN: 978-1408076866
4th edition
Authors: Michel Lebas, Herve Stolowy, Yuan Ding
Posted Date:
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