Calculate annual breakeven number

Assignment Help Operation Management
Reference no: EM13108516

The restaurant would serve dinner Tuesday through Saturday. Brian has noticed a restaurant for lease. The restaurant has seven tables, each of which can seat four. Tables can be moved together for a large party. Nui is planning two seatings per evening, and the restaurant will be open 50 weeks per year. 1) Compute annual breakeven number of meals and sales revenue for the restaurant. 2)Also compute the number the number of meals and the amount of sales revenue needed to earn operating income of $75,600? For the year. 3) How many meals must the Soons serve each night to earn their target income of $75,600? Should the couple open the restaurant? Support your answer.

Reference no: EM13108516

Questions Cloud

Scientific method in practice : Choose a research article from your field.Write the five hypotheses that this study is testing.Write both the null and alternative hypotheses for each one.
Describe an independent groups experimental approach : Be sure to operationally define both your Independent Variable and your Dependent Variable. Give enough detail to convey your research method. Be sure that you are specifying the comparison that could be made to test this hypothesis.
How larger variability impact size of standard error sample : In part b, sample have greater variability than part a, but sample sizes are unchanged. How does larger variability influence size of standard error for sample mean?
Mean amount of force necessary : The quality control engineer for a furniture manufacturer is interested in the mean amount of force necessary to produce cracks in stressed oak furniture.
Calculate annual breakeven number : The restaurant would serve dinner Tuesday through Saturday. Brian has noticed a restaurant for lease. The restaurant has seven tables, each of which can seat four.
Statistical analysis-automobile accidents : A study is made by an auto insurance company to determine if there is a relationship between the driver's age and the number of automobile accident claims submitted during a one-year period. From a sample of 300 claims, the following information w..
What is the sequence of events : According to the James-Lange theory of emotions, what is the sequence of events when someone feels an emotion?
Significance test for hypoglycaemia : Rachel's doctor suspects she is suffering from hypoglycaemia. The amount of glucose in the bloodstream varies and a person with hypoglycaemia has an average blood glucose level of less than 65 mg/dL.
Intermediate microeconomics - budget constraint : Intermediate Microeconomics - Budget Constraint: Draw Alan's budget constraint with such promotional campaign.

Reviews

Write a Review

Operation Management Questions & Answers

  A company is considering a new venture

A company is considering a new venture. This venture will require the purchase of $550,000 of equipment (which will be depreciated straight-line to zero over the life of the project and will have no salvage value)

  Examples of companies that fall under the global strategy

Provide examples of companies that fall under the multi-domestic or global strategy. Briefly identify their strategies.

  Elucidate how many cs will be required

onsider the following bill of material. Fifty units of Product A are required. Assuming no on-hand inventory, explode the bill of material. If 17 Ps are required also no on-hand inventory exists for any items, elucidate how many Cs will be require..

  What you have researched and studied throughout modules

Using what you have researched and studied throughout Modules 1 - 7, write a report addressing a quantitative analysis (QA) project

  Who needs to decrease demand

Explain when demand exceeds supply you have to Find out a way to decrease demand or increase supply. Who needs to decrease demand.

  Illustrate what capacity requirement should be planned

illustrate what capacity requirement should be planned. Assume which the management deems which a capacity cushion of 25 percent is appropriate.

  Estimate the average cost for the guidance control

United Research Associates (URA) had received a contract to produce two units of a new cruise missile guidance control. The first unit took 5,000 hours to complete and cost $50,000 in materials and equipment usage.

  Four essential elements of contract

Identify and define each of the four essential elements of a contract. Use the facts of the case to explain whether each of these elements is present and whether a contract has been formed.

  Explain self-managed teams present management

Explain however, self-managed teams present management also leadership challenges. Illustrate what factors find out team performance.

  Is organization more appropriately illustrated as centralize

Is organization more appropriately illustrated as centralized or decentralized also Explain why.

  Fallen off greatly at your restraurant due to of the crisis

Assume that you own a very upscale restaurant (think shearwater at the hotel del Coronado or the grant grill at the us grant hotel). Business has fallen off greatly at your restraurant because of the economic crisis.

  Describe organization production and purchasing strategies

What are the organization's production and purchasing strategies? Compare and contrast the operational and managerial impacts of the aggregate planning decisions in terms of customer satisfaction

Free Assignment Quote

Assured A++ Grade

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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd