Question: A 100-seat restaurant serving dinner only is preparing an operating budget for the coming year. The average check is $18.50, with an average seat TO

A 100-seat restaurant serving dinner only is preparing an operating budget for the coming
year. The average check is $18.50, with an average seat TO of 1.75 and the restaurant
operates 300 days/yr. Variable costs average 54% of sales revenue and fixed costs are
$261,000/yr. Prepare a forecasted income statement using the contribution margin method to determine operating income.

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