Question: A restaurant has a check average of $12 and variable costs per guest of $4.80. If its fixed costs are $38,500 each month, what is

A restaurant has a check average of $12 and variable costs per guest of $4.80. If its fixed costs are $38,500 each month, what is the sales revenue required to reach its monthly break-even point?

Group of answer choices

$59,167

$60,834

$64,167

$63,334

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Q:

In a psychological study of short term memory, irrelevant speech effects refer to the degree to which the memorization process is impaired by irrelevant background speech For example, trying to...

Q:

A restaurant has a check average of $12 and variable costs per guest of $4.80. If its fixed costs are $38,500 each month, what is the sales revenue required to reach its monthly break-even point?...

Q:

A restaurant has a check average of $12 and variable costs per guest of $4.80. Its fixed costs are $36,200 each month. If the tax rate is 25%, what is the number of guests that the restaurant needs...

Q:

A restaurant has a check average of $12 and variable costs per guest of $4.80. Its fixed costs are $36,200 each month. If the tax rate is 25%, what is the number of guests that the restaurant needs...

Q:

multiple choice 1)Under a relevant range of production, when total quantities sold increase, total fixed costs a. increase b decrease . c. remain equal d there is no relationship . 2)Conversion costs...

Q:

1. TC Company makes several printing works using two machines (X and Y). Data on the two machines for June 2010 are as follows: X Y Direct material 10 15 Time required for each unit (TR) 2 3 Expected...

Q:

1. TC Company makes several printing works using two machines (X and Y). Data on the two machines for June 2010 are as follows: X Y Direct material 10 15 Time required for each unit (TR) 2 3 Expected...

Q:

Norland-Norge AS produces corporate notebooks. Each notebook is designed for an individual customer. The company s operating budget for September 2008 included these data: Number of...

Q:

please answer all 4 parts. Iwill leave a thumbs up review Davis Corporation manufactures and sells portable radios. The radio sells for $60 per unit and its variable costs per unit are $20. Fixed...

Q:

Hints 1. Use the template on the Solution 2a-b tab. Complete the cells in accordance with the color codes. Be sure and leave any revenue from donations OUT of the breakeven calculation (ticket...

Q:

1. If you are management, would you consider an additional mark-up on the charges imposed on CT Scan of abdomen and pelvis in order to recover the additional cost incurred from using Breeza over the...

Q:

An option is always riskier than the stock it is written on." True or false? How does the risk of an option change when the stock price changes?

Q:

According to the capital asset pricing model: Ri = RF + (RM RF) bi where Ri, the expected return on security i, is the sum of RF, the return on a risk-free investment, and (RM RF) bi is the...

Q:

Financial risk refers to the:Multiple Choicegeneral business risk of the firm.possibility that interest rates will increase.risk of owning equity securities . the risk that the share price may not...

Q:

1> Refer to Exercise 1-16 to unzip the 03 C38-1 Network.exe file. > Open the 03 C3B-1 Network file and enter PAYABLES transactions, for Mar, for a company that sels Various computer parts. Apply HST...

Q:

Use Excel to create all solutions and submit an excel document for final HW submission. Use the mathematical functions within excel to make all calculations. Partial credit is only possible if...

Q:

Which of the following sets of facts could not exist together? Why? (Hint: Draw a picture of the facts.) a. X = 4; Y = 2; a = 3; r = .60 b. Sy.x = 7; sy = 4; r = .80 c. Sy y = 7.47; Sy.x = 0; r = .29...

Q:

Ima N. Employee, a senior production manager and corporate director of Valley town Industries Ltd. (VIL), of Dundas, Ontario, received the following amounts and benefits from her employer during...

Q:

16. Examine the following t-bill quote. Your pointy haired boss has instructed you to purchase $1 million in these treasury bills. a. b. C. d. Ask Yield Days to Maturity Date Maturity Bid Ask Dec 31...

Q:

For Eclipse Inn, the average room rate is $ 1 1 0 / night . If a room is overbooked, the guests will be bumped and the Inn is responsible for paying the difference between the average room rate and...

Q:

How does appraising an expatriates performance differ from appraising that of a home- office manager? How would you avoid some of the unique problems of appraising the expatriates performance?

Q:

Appendix A, PHR and SPHR Knowledge Base, at the end of this book (pages 580588) lists the knowledge someone studying for the HRCI certification exam needs to have in each area of human resource...

Q:

Describe Jobys approach to managing globally. How does it coordinate design, manufacturing, and distribution in key world markets?