Reference no: EM132848988
Questions -
Q1) Sarah is the new F&B operator for the foodservice at a new technology firm Skynet, at the start of the year she budgeted a total of 50,000 meals served, total expenses of not more than $75,000 and a reserve of $5,000 if she receives an average of $1.60 in revenue per meal sold but each meal costs her $1.50 to produce, what is the fewest number of meals she will have to serve in order to reach all three of her budget goals?
a) 45,000
b) 50,000
c) 55,000
d) 60,000
Q2) P.J. recently opened up Tucker's Tasty Rocket Sandies, a small deli known for its delicious arugula salad that tops every sandwich. His guest count for the first 6 weeks has steadily increased 4% week over week and his check average is holding steady at $12.50. He is trying to forecast his revenue for next week so he can plan his employee schedule, if guest count last week was 1,700 and he expects the 4% increase to continue, what should his revenue forecast for next week be?
a) $21,250
b) $22,100
c) $22,984
d) $29,750
Q3) Peter is the new bar manager at Vulture a seedy cocktail bar in Queens, NY. The owner of the bar Adrian hired Peter to get his beverage cost % in line, he tasked Peter with a goal of 25% overall beverage cost (liquor, beer and wine) for last month. Peter ran the numbers and Vulture had total beverage sales of $350,000, if his liquor cost was $44,000 and wine cost was $17,250 what would his beer cost have to have been if he reached is goal of 25% overall beverage cost?
a) $87,500
b) $17,250
c) $26,250
d) $15,312
Q4) What would be the likely outcome if managers consistently underestimated their future guest counts?
a) Too many staff will be scheduled to work
b) Too few staff will be scheduled to work
c) Product costs will be less than estimated
d) Total operating expenses will be lower than estimated
Q5) On Monday a manager served 200 guests at an average sales per guest of $10.50. On Tuesday the manager served 175 guests at an average sales per guest of $12.00. What was the managers average sales per guest for the two-day period?
a) $11.15
b) $11.20
c) $11.25
d) $11.30