A restaurant manager wishes to calculate her minimum sales point (MSP) when considering whether she should remain
Question:
A restaurant manager wishes to calculate her minimum sales point (MSP) when considering whether she should remain open one extra hour per day. Which will NOT be required for her to compute to make the proper MSP calculation?
a. Fixed cost %
b. Food cost %
c. Variable cost %
d. Minimum payroll costs for the time period.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 62% (8 reviews)
a ...View the full answer
Answered By
Atuga Nichasius
I am a Highly skilled Online Tutor has a Bachelor’s Degree in Engineering as well as seven years of experience tutoring students in high school, bachelors and post graduate levels. I have a solid understanding of all learning styles as well as using asynchronous online platforms for tutoring needs. I individualise tutoring for students according to content tutoring needs assessments.
My strengths include good understanding of all teaching methods and learning styles and I am able to convey material to students in an easy to understand manner. I can also assists students with homework questions and test preparation strategies and I am able to help students in math, gre, business , and statistics
I consider myself to have excellent interpersonal and assessment skills with strong teaching presentation verbal and written communication
I love tutoring. I love doing it. I find it intrinsically satisfying to see the light come on in a student's eyes.
My first math lesson that I taught was when I was 5. My neighbor, still in diapers, kept skipping 4 when counting from 1 to 10. I worked with him until he could get all 10 numbers in a row, and match them up with his fingers.
My students drastically improve under my tutelage, generally seeing a two grade level improvement (F to C, C to A, for example), and all of them get a much clearer understanding!
I am committed to helping my students get the top grades no matter the cost. I will take extra hours with you, repeat myself a thousand times if I have to and guide you to the best of my ability until you understand the concept that I'm teaching you.
5.00+
2+ Reviews
10+ Question Solved
Related Book For
Managerial Accounting for the Hospitality Industry
ISBN: 978-1119386223
2nd edition
Authors: Lea R. Dopson, David K. Hayes
Question Posted:
Students also viewed these Business questions
-
Suppose a fast-food restaurant wishes to estimate average sales volume for a new menu item. The restaurant has analyzed the sales of the item at a similar outlet and observed the following results:...
-
The following are narrative descriptions of sales systems and controls for these two different businesses. Avocet Inc. Avocet is a franchise fast food restaurant business. When customers order food,...
-
Farmers Restaurant is a full service restaurant offering a variety of breakfast, lunch, and dinner items. Currently, Kristin Davis is the general manager for the Farmers Restaurant located in the...
-
The stockholders equity section of University Fashions is presented here. University Fashions Balance Sheet (Stockholders Equity Section) ($ in thousands) Stockholders equity: Preferred stock, $50...
-
Briefly discuss how to identify good investments. What are some of the criteria you would use to make this decision?
-
A 60 kg diver stands at the end of a 30 kg springboard, as shown in Figure P8.11. The board is attached to a hinge at the left end but simply rests on the right support. What is the magnitude of the...
-
Continuing Question 5, turn off the lag filter and use a notch filter to improve the performance. Simultaneously adjust Notch Freq and KVP to maximize KVP without inducing peaking in the closed-loop...
-
Assume that you recently graduated with a degree in finance and have just reported to work as an investment adviser at the brokerage firm of Smyth Barry & Co. Your first assignment is to explain the...
-
Describe the operating activities of each company noting similarities and difference between COCA COLA & PEPSICO. Identify two economy wide factors and industry wide factors that could impact on the...
-
Various cost and sales data for Medco, Inc., are given below for the just completed year: Required: 1. Prepare a schedule of cost of goods manufactured. 2. Prepare an income statement. 3. Assume that...
-
A restaurant averages sales of $120,000 when serving 20,000 guests. The restaurants variable costs when serving 20,000 guests is $90,000. The contribution margin per guest is $1.50. Fixed monthly...
-
A manager is considering staying open one extra hour per day and wants to calculate his minimum sales point (MSP). The mangers variable costs are 40%, food costs are 30%, and fixed costs are 60%. The...
-
In a two-speed gearbox (Figure P8.27, see on page 404), the lower shaft has splines, and it can slide horizontally as an operator moves the shift fork. Design the transmission and choose the number...
-
Discuss the importance of surprise check.
-
What is interim audit? Why it is required?
-
What is routine checking? What types of work are included in routine checking? What are the objectives of routine checking? Describe the advantages and disadvantages of routine checking. Discuss the...
-
State the controls that can be applied over inputs and processing of data in a computerised accounting environment.
-
Distinguish between principles of auditing and techniques of auditing.
-
Compare the rate of power lost to air resistance for the following two vehicles at 60 km/h and 120 km/h: (a) General Motors EV1 with c d A 0.37m2, (b) Hummer H2 with c d A 2.45m2.
-
What is the back work ratio? What are typical back work ratio values for gas-turbine engines?
-
Crane Inc. has decided to use the high-low method to estimate the total cost and the fixed and variable cost components of the total cost. The data for various levels of production are as follows: a....
-
Emily Enterprises reports the following data: Determine Emily Enterprisess operating leverage. Sales Variable costs Contribution margin Fixed costs Income from operations $180,000 100,000 $ 80,000...
-
Fortress Inc. manufactures pistons for custom motorcycles within a relevant range of 300,000 to 375,000 pistons per year. Within this range, the following partially completed manufacturing cost...
-
An air stripping tower is being designed to treat carbon tetrachloride from 500 to 5 g/L at a temperature of 25 C with a stripping factor of 8. Determine the operating airtowater ratio
-
If the wind force has a magnitude of 65 N , with what tension must the worker pull in order to move the box at a constant velocity? Express your answer with the appropriate units
-
1. Write sonic anemometer, thermal (hot wire) anemometer, cup anemometer, or pitot tube after the statement that best describes its basic principle of operation. [4 points] a. Infers wind speed from...
Study smarter with the SolutionInn App