Jackson Daniels is the director of food and beverage at the Foxfire Country Club. In June,...
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Jackson Daniels is the director of food and beverage at the Foxfire Country Club. In June, Jackson's club hosted three weddings. Each wedding featured a four-hour hosted bar paid for by the bride and groom. The consumption data from each event is listed below. Complete the missing data in the report, and then help Jackson answer the questions that follow: June 07 June 14 June 21 Total Number of Guests Served 250 500 400 Beer Cost Wine Spirit Total Cost Cost Cost $400 $600 $500 650 1,225 525 1,000 675 2,875 Cost per Guest a. What do you think should be Jackson's "best estimate" of the cost to the Club of providing a four-hour hosted bar at weddings? Answer: 5.75 b. If Jackson seeks to ensure a 20 percent beverage cost, what should be his selling price, per guest, for a four-hour hosted bar? Answer: c. Would you recommend Jackson charge half of the amount in the answer in b above for a two-hour hosted bar? Explain your answer. Answer: Jackson Daniels is the director of food and beverage at the Foxfire Country Club. In June, Jackson's club hosted three weddings. Each wedding featured a four-hour hosted bar paid for by the bride and groom. The consumption data from each event is listed below. Complete the missing data in the report, and then help Jackson answer the questions that follow: June 07 June 14 June 21 Total Number of Guests Served 250 500 400 Beer Cost Wine Spirit Total Cost Cost Cost $400 $600 $500 650 1,225 525 1,000 675 2,875 Cost per Guest a. What do you think should be Jackson's "best estimate" of the cost to the Club of providing a four-hour hosted bar at weddings? Answer: 5.75 b. If Jackson seeks to ensure a 20 percent beverage cost, what should be his selling price, per guest, for a four-hour hosted bar? Answer: c. Would you recommend Jackson charge half of the amount in the answer in b above for a two-hour hosted bar? Explain your answer. Answer:
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1 2 3 A 5 6 June 07 7 June 14 8 June 21 9 Total 5 6 39606 7 39613 8 39620 9 Total B Number of Guests ... View the full answer
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