Brian and Bart Johnson live in Macon, Georgia. Two years ago, they visited Thailand. Bart, a professional chef, was impressed with the cooking methods and the spices used in the Thai food. Macon does not have a Thai restaurant, and the Johnsons are contemplating opening one. Bart would supervise the cooking, and Brian would leave his current job to be the ma?tre d'. The restaurant would serve dinner Tuesday through Sunday.
Brian has noticed a restaurant for lease. The restaurant has ten tables, each of which can seat four. Tables can be moved together for a large party. Bart is planning two seatings per evening, and the restaurant will be open 50 weeks per year.
The Johnsons have drawn up the following estimates:
Average revenue, including beverages and desserts $50 per meal
Average cost of the food $18 per meal
Chef's and dishwasher's salaries $75,000 per year
Rent (premises, equipment) $5,000 per month
Cleaning (linen and premises) $1,000 per month
Replacement of dishes, cutlery, glasses $500 per month
Utilities, advertising, telephone $2,500 per month
a) Compute annual breakeven number of meals and sales revenue for the restaurant.
b) Compute the number of meals and the amount of sales revenue needed to earn net income of $200,000 for the year. The tax rate is 32 percent.
c) Should the Johnsons open the restaurant? Support your answer.
This question was answered on: Sep 18, 2020
Buy this answer for only: $15
This attachment is locked
We have a ready expert answer for this paper which you can use for in-depth understanding, research editing or paraphrasing. You can buy it or order for a fresh, original and plagiarism-free copy from our tutoring website www.aceyourhomework.com (Deadline assured. Flexible pricing. TurnItIn Report provided)
Pay using PayPal (No PayPal account Required) or your credit card . All your purchases are securely protected by .
About this QuestionSTATUS
Sep 18, 2020EXPERT
GET INSTANT HELP/h4>
We have top-notch tutors who can do your essay/homework for you at a reasonable cost and then you can simply use that essay as a template to build your own arguments.
You can also use these solutions:
- As a reference for in-depth understanding of the subject.
- As a source of ideas / reasoning for your own research (if properly referenced)
- For editing and paraphrasing (check your institution's definition of plagiarism and recommended paraphrase).
NEW ASSIGNMENT HELP?
Order New Solution. Quick Turnaround
Click on the button below in order to Order for a New, Original and High-Quality Essay Solutions. New orders are original solutions and precise to your writing instruction requirements. Place a New Order using the button below.
WE GUARANTEE, THAT YOUR PAPER WILL BE WRITTEN FROM SCRATCH AND WITHIN YOUR SET DEADLINE.