Using the data, what are 2 major challenges that this restaurant is facing, and describe 2...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Using the data, what are 2 major challenges that this restaurant is facing, and describe 2 solutions for the challenges identified Average sales Week 1 Average sales Week 2 230 250 Sales Revenue - Food Sales Revenue - Beverage TOTAL SALES REVENUE Cost of Sales Food Cost of Sales - Beverage TOTAL EXPENSES Week 1 Week 2 Operating Income $10,000 $11,100 $7,900 $8,400 $17,900 $19,500 $7,150 $8,200 Labour and other operating expenses $6,500 $6,900 $1,690 $1,990 $15,340 $17,090 $2,560 $2,410 $43.48 $34.35 $77.83 Average cost Week 1 $31.09 $7.35 $28.26 $66.70 $44.40 $11.13 $33.60 $78 Average cost Week 2 $32.80 $7.96 $27.60 $68.36 Average income Average income $9.64 $$ $0.92 $0.75 $0.17 $1.71 $0.61 $-0.66 $1.66 $-1.49 % 2.12% -2.18% 0.22% 5.50% 8.30% -2.34% 2.50% -13.39% Using the data, what are 2 major challenges that this restaurant is facing, and describe 2 solutions for the challenges identified Average sales Week 1 Average sales Week 2 230 250 Sales Revenue - Food Sales Revenue - Beverage TOTAL SALES REVENUE Cost of Sales Food Cost of Sales - Beverage TOTAL EXPENSES Week 1 Week 2 Operating Income $10,000 $11,100 $7,900 $8,400 $17,900 $19,500 $7,150 $8,200 Labour and other operating expenses $6,500 $6,900 $1,690 $1,990 $15,340 $17,090 $2,560 $2,410 $43.48 $34.35 $77.83 Average cost Week 1 $31.09 $7.35 $28.26 $66.70 $44.40 $11.13 $33.60 $78 Average cost Week 2 $32.80 $7.96 $27.60 $68.36 Average income Average income $9.64 $$ $0.92 $0.75 $0.17 $1.71 $0.61 $-0.66 $1.66 $-1.49 % 2.12% -2.18% 0.22% 5.50% 8.30% -2.34% 2.50% -13.39%
Expert Answer:
Answer rating: 100% (QA)
Based on the provided data two major challenges that this restaurant is facing are 1 Decreasing Beve... View the full answer
Related Book For
Posted Date:
Students also viewed these finance questions
-
The following additional information is available for the Dr. Ivan and Irene Incisor family from Chapters 1-5. Ivan's grandfather died and left a portfolio of municipal bonds. In 2012, they pay Ivan...
-
A researcher wanted to find out if there was difference between older movie goers and younger movie goers with respect to their estimates of a successful actors income. The researcher first...
-
The raw data for Problem 22, from Freund (1979), appear below. For the model of Problem 22, a. Fit the model. b. What discrepancies do you note between the results of (a) and the data summary...
-
Which of these is not a feature of the AES encryption cipher? Question 4 1 4 1 Answer a . . Its fast execution time. b . . Its use of Feistal networks. c . . Its ease of use in common programming...
-
How does the task life cycle type affect our attempts to level the resource loads?
-
For this problem, you will consider arrangements of infinite lines in the plane such that three or more lines neverintersect at a single point. (a) Give a recurrence relation that expresses the...
-
MINITAB can create the analysis of variance table for Example 1 concerning recycled road materials. The three levels of \(A\) are coded 1,2, and 3, and the two levels of \(B\) are coded 1 and 2. The...
-
Paul Golding and his wife, Nancy, established Crunchy Chips in 1938. (Nancy sold her piano to help raise capital to start the business.) Paul assumed responsibility for buying potatoes and selling...
-
A block of mass=315g is dragged with a string across a rough horizontal table. The string tension is=2.97,and it pulls upward at an angle of 46.0 with the horizontal. At one particular instant, the...
-
In receiving terminals of petrochemical plants, some of the liquid natural gas (LNG) storage Tanks are designed to be in ground, to avoid receiving radiation from the sun and also being protected...
-
In affluent countries, where heart disease and cancer claim many lives, people who eat well-planned vegetarian diets often have lower risks of chronic diseases, and a lower risk of dying from all...
-
Mateo is trying to remember the contents of a message he received from his boss last week. He thinks he received the message in an email, but he isn't sure. He can only remember a few key phrases....
-
Microbion Biosciences is a Bozeman, Montana, USA, biotechnology that is developing a new class of antibiotics. The primary market that Microbion intends to develop is the diabetic foot ulcer (DFU)...
-
Superior Foods, Inc., is considering adding organic versions of its frozen vegetables in an effort to establish itself as a leader in this fast-growing market. To increase its available supply of...
-
You present a poster at a local professional meeting and are disappointed when know one stops to view your poster or discuss the results. The presentation covers the entire 4' x 8' board with...
-
Thinking about identity groups. What are the defining characteristics of identity groups. What defines one as a person, or as a member of the group How does membership in a group influences...
-
A $48,000 loan was made to company x in april of year 1. X carried a 1 year term and 6% annual interest rate. X earned cash revenue of 1,140 in yr 1 and 1,500 in yr 2. With no other transactions. How...
-
The Cholesterol Level data sets give cholesterol levels of heart attack patients. Cholesterol measures are taken 2, 4, and 14 days aft er a patient has suffered a heart attack. Is there a significant...
-
Paint by Number prepares and packages paint products. Paint by Number has two departments: (1) Blending and (2) Packaging. Direct materials are added at the beginning of the blending process (dyes)...
-
The Bakery on the Riverbank produces organic bread that is sold by the loaf. Each loaf requires 1/2 of a pound of fl our. The bakery pays $3.00 per pound of the organic fl our used in its loaves. The...
-
Copley Preschool operates a not-for-profit morning preschool. Each family pays a nonrefundable registration fee of $115 per child per school year. Monthly tuition for the nine-month school year...
-
EZZ Ltd and RHI Ltd are competitors operating in the same industry. The following information has been extracted from their annual reports over a 2 year period: Required: (a) Calculate the...
-
The information below has been extracted from the financial statements of Supreme Sporting Goods Ltd. Required: a) Calculate the following for years 2024 and 2025: i. the receivables turnover ratio...
-
If the ending inventory is understated because of an error, what is the effect on profit in that reporting year and in the next reporting year? What is the effect on the value of assets as reported...
Study smarter with the SolutionInn App