User Account

All Pages

What are total sales needed to make a profit

Assignment Help Accounting Basics
Reference no: EM133129081

Question - A restaurant has three main products: drinks, meals and desserts. Fixed costs are $397,000. Other financial information is as follows:

Item

Average Purchase (in $)

Average Margin

Total Sales Dollars (in %)

Drinks

10

60%

40

Meals

25

20%

50

Desserts

10

70%

10

Required - What are total sales (in dollars) needed to make a profit of $200,000 if the sales mix remains constant?

Reference no: EM133129081

Questions Cloud

What is employee shirking : 1. What is employee shirking? How does this affect the firm? What should managers do about it?
List and discuss two emerging trends : List and discuss two emerging trends related to MNEs that will alter their motivations for conducting FDI internationally.
What are main differences between monthly profit and loss : What are the main differences between the monthly Profit and Loss Account by function and the monthly Profit and Loss Account prepared
Stop throwing away your money : Look on YouTube the video called "Stop Throwing Away Your Money" by the YouTube channel Anthony ONeal
What are total sales needed to make a profit : A restaurant has three main products: drinks, meals and desserts. Fixed costs are $397,000. What are total sales needed to make a profit
Is the preferred pace of life independent of gender : Discuss any differences between the preferences of men and women - what is the p-value and what is your conclusion
At what value should the land be recorded : On May 20 white repair service extended an offer of $108,000 for land. At what value should the land be recorded and white repair services records
What price will the company charge : What price will the company charge if the firm uses cost-plus pricing based on variable manufacturing cost and a markup percentage of 205%
Prepare the journal entry to record Tanner-UNF investment : Prepare the journal entry to record Tanner-UNF's investment in the bonds on July 1, 2021, interest on December 31, 2021, at the effective (market)

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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