Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
The Creekside Inn is a restaurant in Tucson, Arizona. It specializes in southwestern style meals in a moderate price range. Will Feld, the manager of Creekside, has determined that during the last 2 years the sales mix and contribution margin ratio of its offerings are as follows.Percent of Total Sales Contribution Margin RatioAppetizers 10% 80%Main entrees 50% 30%Desserts 10% 60%Beverages 30% 80%Will is considering a variety of options to try to improve the profitability of the restaurant. Her goal is to generate a target net income of $151,300. The company has fixed costs of $1,432,870 per year.a) Calculate the total restaurant sales and the sales of each product line that would be necessary to achieve the desired target net income. (Round weighted-average contribution margin to 2 decimal places, e.g. 10.50, and final answers to 0 decimal places, e.g. 125.)Appetizers $Main entrees $Desserts $Beverages $Total restaurant salesb) Will believes the restaurant could greatly improve its profitability by reducing the complexity and selling price of its entrees to increase the number of clients that it serves. It would then more heavily market its appetizers and beverages. She is proposing to drop the contribution margin ratio on the main entrees to 10% by dropping the average selling price. She envisions an expansion of the restaurant that would increase fixed costs by 50%. At the same time, she is proposing to change the sales mix to the following.Percent of Total Sales Contribution Margin RatioAppetizers 20% 80%Main entrees 30% 10%Desserts 10% 60%Beverages 40% 80%Compute the total restaurant sales, and the sales of each product line that would be necessary to achieve the desired target net income. (Round weighted-average contribution margin to 2 decimal places, e.g. 10.50, and final answers to 0 decimal places, e.g. 125.)Appetizers $Main entrees $Desserts $Beverages $Total restaurant salesc) Suppose that Will drops the selling price on entrees and increases fixed costs as proposed in the second part of the question, but customers are not swayed by the marketing efforts and the sales mix remains what it was in the first part of the question. Compute the total restaurant sales and the sales of each product line that would be necessary to achieve the desired target net income. (Round weighted-average contribution margin to 2 decimal places, e.g. 10.50, and final answers to 0 decimal places, e.g. 125.)Appetizers $Main entrees $Desserts $Beverages $
What is the impact on the cost of the machine of the interest paid on the 10 percent note? Under what circumstances can interest expense be included in acquisition cost?
Show the Flexible Budget Performance Report
Partridge does not maintain perpetual inventory records. According to a physical count, 365 units were on hand at January 31. Calculate the cost of the inventory at January 31, under the FIFO method.
ranger company produces mens ties. budgeted and actual costs for march followcostbudget at 2500 unitsactual at 2900
By how much and in what direction (overstated or understated) will the firm's cost of goods sold be misstated?
What is a typical range in annual costs contributed by Jake into this hobby of performing with the Highlanders and compute a balance sheet for the Highlanders as of today. (Assume December 31, 20x0 for today's date.)
Evaluate the subsequent amounts for the month of May cost of direct materials used and cost of direct labor used.
Prepare Sabinas journal entries to record these two transactions - install special shelving units, which increase the operating efficiency of the truck.
question 1. a corporation has a june 30 year end. what is the last date it will file its return due for its june 30
Prepare an Excel format to show how you are evaluating things. Provide detailed information of profitability by product and for year. Then make precise recommendations with financial projections.
on january 2 2010 kj corporation acquired equipment for 260000. the estimated life of the equipment is 5 years or 40000
design flooring carpet company manufactures carpets. fiber is placed in process in the spinning department where it is
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd