At the Happy Ever After Bar, the new manager Patrick has been told they use the following
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At the Happy Ever After Bar, the new manager Patrick has been told they use the following methods to calculate their selling prices.
Drink | Method of calculating price | Selling Price | |
Carlsberg Beer | Contribution Margin | MOP35.00 | MOP40.00 |
Heineken | Pricing Factor | 8 | MOP48.00 |
Tsing Tao | Beverage Cost % | 12% | MOP50.00 |
Macau Beer | Pricing Factor | 7 | MOP35.00 |
Stella Artois | Beverage Cost % | 20% | MOP65.00 |
Asahi | Contribution Margin | MOP30.00 | MOP35.00 |
They now want to standardize all the prices with a beverage cost of 11% except for Stella Artois and Heineken for which they want a beverage cost of 15%. Please help Patrick calculate the new selling prices for all the drinks.
Expert Answer:
Related Book For 
Auditing a business risk appraoch
ISBN: 978-0324375589
6th Edition
Authors: larry e. rittenberg, bradley j. schwieger, karla m. johnston
Posted Date:
