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Beginning Inventory $11,500 Daily Alternative Purchases (+) $1,000 Produce Purchases (+) $550 Protein Purchases (+) $1,000 Dry Goods Purchases (+) $1,000 Total Available = $15,050 Ending Inventory (-) $10,900 Food Cost (COGS) (=) $4,100 Revenue (Sales) (+) $12,500 Food Cost % (=) 32.8% If the Revenue (sales) decreases and everything else remains the same, what happens to the Food Cost percentage? a. Food cost % increases because the ratio of food cost to revenue will be higher b. Food cost % decreases because the ratio of food cost to revenue will be higher c. Food cost % increases because the ratio of food cost to revenue will be lower d. Food cost % decreases because the ratio of food cost to revenue will be lower

Beginning Inventory $11,500 Daily Alternative Purchases (+) $1,000 Produce Purchases (+) $550 Protein Purchases (+) $1,000 Dry Goods Purchases (+) $1,000 Total Available = $15,050 Ending Inventory (-) $10,900 Food Cost (COGS) (=) $4,100 Revenue (Sales) (+) $12,500 Food Cost % (=) 32.8% If the Revenue (sales) decreases and everything else remains the same, what happens to the Food Cost percentage? a. Food cost % increases because the ratio of food cost to revenue will be higher b. Food cost % decreases because the ratio of food cost to revenue will be higher c. Food cost % increases because the ratio of food cost to revenue will be lower d. Food cost % decreases because the ratio of food cost to revenue will be lower

Functions and Change: A Modeling Approach to College Algebra (MindTap Course List)
Functions and Change: A Modeling Approach to College Algebra (MindTap Course List)
6th Edition
ISBN:9781337111348
Author:Bruce Crauder, Benny Evans, Alan Noell
Publisher:Bruce Crauder, Benny Evans, Alan Noell
Chapter3: Straight Lines And Linear Functions
Section3.3: Modeling Data With Linear Functions
Problem 18E: Tax Table Here are selected entries from the 2014 tax table that show the federal income tax owed by...
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Beginning Inventory

$11,500

Daily Alternative Purchases

(+) $1,000

Produce Purchases

(+) $550

Protein Purchases

(+) $1,000

Dry Goods Purchases

(+) $1,000

Total Available

= $15,050

Ending Inventory

(-) $10,900

Food Cost (COGS)

(=) $4,100

Revenue (Sales)

(+) $12,500

Food Cost %

(=) 32.8%


If the Revenue (sales) decreases and everything else remains the same, what happens to the Food Cost percentage?
a.
Food cost % increases because the ratio of food cost to revenue will be higher
b.
Food cost % decreases because the ratio of food cost to revenue will be higher
c.
Food cost % increases because the ratio of food cost to revenue will be lower
d.
Food cost % decreases because the ratio of food cost to revenue will be lower
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