This topic contains a solution. Click here to go to the answer

Author Question: A restaurant with annual sales of $145,000 has labor costs of $45,000 and food costs of $42,000. ... (Read 682 times)

Lisaclaire

  • Hero Member
  • *****
  • Posts: 569

Question 1

A restaurant uses the ratio method of pricing. They have annual nonfood costs of $675,000 and desire a profit of $125,000. Last year they spent $367,000 on food costs. What will be the selling price of an item with food cost of $6.00?
◦ $11.03
◦ $8.18
◦ $7.83
◦ $13.08

Question 2

A restaurant with annual sales of $145,000 has labor costs of $45,000 and food costs of $42,000. Using the prime cost method, what would be the selling price of an item with a food cost of $6.00?
◦ $10.00
◦ $13.00
◦ $22.00
◦ $16.00


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by Lisaclaire on Aug 20, 2020

tmlewis4706

  • Sr. Member
  • ****
  • Posts: 295
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 25% of students answer this correctly




 

Did you know?

About 3% of all pregnant women will give birth to twins, which is an increase in rate of nearly 60% since the early 1980s.

Did you know?

Nitroglycerin is used to alleviate various heart-related conditions, and it is also the chief component of dynamite (but mixed in a solid clay base to stabilize it).

Did you know?

According to the Migraine Research Foundation, migraines are the third most prevalent illness in the world. Women are most affected (18%), followed by children of both sexes (10%), and men (6%).

Did you know?

The shortest mature adult human of whom there is independent evidence was Gul Mohammed in India. In 1990, he was measured in New Delhi and stood 22.5 inches tall.

Did you know?

Throughout history, plants containing cardiac steroids have been used as heart drugs and as poisons (e.g., in arrows used in combat), emetics, and diuretics.

For a complete list of videos, visit our video library