You are planning to open a restaurant. You estimate the following monthly costs: Rent: Insurance: Fixed...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
You are planning to open a restaurant. You estimate the following monthly costs: Rent: Insurance: Fixed salaries: Other fixed costs: 1500 400 5600 2000 An avarage customer will spend 25 EUR per visit at your restaurant (including 14 % VAT). Variable costs per customer (including raw materials for food, expenses for serving the customer, etc) would be 13 EUR on average. The restaurant would be open every day. How many customers on average would be needed per day to break even? (Assume 30 days per month) Mark is planning to establish a car repair shop. In order to analyse the profitability he has gathered and estimated the following data: * There is a need for 4 workers. Each of them will work for 164 hours/month and salary is 16 EUR/h (calculated as variable cost) * Supervision and administration Mark will take care of himself, value of the own work he is calculating to be 3800 EUR/month * Variable overheads are calculated to be 60% of salaries *Rent 1800 EUR/month * Interest 150 EUR/month * Depreciation 850 EUR/month * Other fixed cost 800 EUR/month * Self-employed persons' pension (YEL) 23,6 % of the value of own work *Target profit 400 EUR/month What should be the hourly rate to be charged from the customers, if it is estimated that on average 10 % of working hours are left unsold? You are planning to open a restaurant. You estimate the following monthly costs: Rent: Insurance: Fixed salaries: Other fixed costs: 1500 400 5600 2000 An avarage customer will spend 25 EUR per visit at your restaurant (including 14 % VAT). Variable costs per customer (including raw materials for food, expenses for serving the customer, etc) would be 13 EUR on average. The restaurant would be open every day. How many customers on average would be needed per day to break even? (Assume 30 days per month) Mark is planning to establish a car repair shop. In order to analyse the profitability he has gathered and estimated the following data: * There is a need for 4 workers. Each of them will work for 164 hours/month and salary is 16 EUR/h (calculated as variable cost) * Supervision and administration Mark will take care of himself, value of the own work he is calculating to be 3800 EUR/month * Variable overheads are calculated to be 60% of salaries *Rent 1800 EUR/month * Interest 150 EUR/month * Depreciation 850 EUR/month * Other fixed cost 800 EUR/month * Self-employed persons' pension (YEL) 23,6 % of the value of own work *Target profit 400 EUR/month What should be the hourly rate to be charged from the customers, if it is estimated that on average 10 % of working hours are left unsold?
Expert Answer:
Answer rating: 100% (QA)
The restaurant would be open every day How many customers on average would be needed per day to brea... View the full answer
Related Book For
Essentials of Marketing
ISBN: 978-0078028885
13th edition
Authors: William D. Perreault, Joseph P. Cannon
Posted Date:
Students also viewed these business communication questions
-
You are planning to open a coffee shop in one of two areas in your community. Conduct a secondary data search on key variables that would allow you to make a logical decision on which area is best...
-
. You are planning for an essential plant safety upgrade project using your own people. In your planning, based on your experience, you have assembled the data in the table below: The only way that...
-
You are planning to conduct an audit of Greystone Companys financial statements. As part of the audit, you will select a random sample of accounts receivable in order to estimate the proportion of...
-
Use the data given in Table 3.9 to compute the mean, standard deviation, coefficient of variation, and coefficient of skewness for the current ratio of JNJ. Table 3.9 Year 1990 1991 1992 1993 1994...
-
Write a chemical equation that represents Fe(C2H3O2)3(s) dissociating in water.
-
The wing-tail interaction problem for \(\mathrm{k}=0.75\) and \(\mathrm{M}=0\) is shown in Fig. P5.15. For the simple harmonic plunging obtain the lift amplitude. Take 10 panels in spanwise direction...
-
Following results refer to a test on petrol engine : I.P. \(=32 \mathrm{~kW} ;\) B.P. \(=27 \mathrm{~kW} ;\) speed \(=1200 \mathrm{rpm}\) b.s.f.c. \(=0.25 \mathrm{~kg} / \mathrm{kWh} ;\) C.V. of fuel...
-
Terrell Redman, a senior vice president of Alligator Corporation, is evaluating a potential acquisition for the company. The entity he wishes to acquire has several divisions, two of which...
-
Describe the relationship between average velocity of a car in motion versus the instantaneous velocity of the same car in motion. Which one matters more if you get pulled over on the freeway for...
-
Pizza Corporation acquired 80 percent ownership of Slice Products Company on January 1, 20X1, for $160,000. On that date, the fair value of the noncontrolling interest was $40,000, and Slice reported...
-
Find the transformation matrix that will transform the unit square (shown in green) to the quadrilateral shown in blue. 32 1 234 5 1 2 3 4 When you submit, you will see the effect of your...
-
In 2018, the federal government spent $4.1 trillion and brought in revenue of $3.3 trillion. a. Is this a budget deficit or surplus, and what is its size? b. If net government debt in 2018 was $15.8...
-
Design a shell and tube exchanger to heat 50,000 kg/h of liquid ethanol from 20C to 80C. Steam at 1.5 bar is available for heating. Assign the ethanol to the tube side. The total pressure drop must...
-
Pick any large company and describe its strategy using one of the three customer value propositions defined in the prologue.
-
In what industries would you expect to see particularly short technology cycles? In what industries would you expect to see particularly long technology cycles? What factors might influence the...
-
A pair of shoes that wholesales for $28.79 has approximately the following costs: a. Which of these costs would likely be a variable cost? b. Which would likely be a fixed cost? c. If output were to...
-
4. What is the binary value being output from Y in the multiplexer circuit shown to the right? 0 D D Dy Y S So
-
Doorharmony Company makes doorbells. It has a weighted- average cost of capital of 5% and total assets of $ 5,900,000. Doorharmony has current liabilities of $ 750,000. Its operating income for the...
-
You operate a small hardware store with emphasis on manufacturer brands and have barely been breaking even. Evaluate the proposal of a large wholesaler that offers a full line of dealer-branded...
-
What promotion blend would be most appropriate for producers of the following established products? Assume average- to large-sized firms in each case and support your answer. a. Chocolate candy bars....
-
Cite two examples of continuously selling above the market price. Describe the situations.
-
Scores for the California Peace Officer Standards and Training test are normally distributed, with a mean of 50 and a standard deviation of 10. An agency will only hire applicants with scores in the...
-
1. Find the z-score that corresponds to a cumulative area of 0.3632. 2. Find the z-score that has 10.75% of the distributions area to its right.
-
Find the z-score that corresponds to each percentile. 1. P 5 2. P 50 3. P 90
Study smarter with the SolutionInn App