None Question 54 ptsThe Night Owl Restaurant generates sales of $900,000 a month with variable costs of 30%.The salmon burger is one of the restaurants' most popular items with a price of $14 and a foodcost of 30%. The menu has 20 item and total sales average 20,000 menu items a month, ofwhich 25% are Salmon burgers. What is the profit factor for the salmon burger?O1.20O 0.931.491.56◄ PreviousNext

To calculate the **profit factor** for the salmon burger at the Night Owl Restaurant, we need to use…

Answered: Question 5 4 pts The Night Owl…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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QUESTION 2 A restaurant has three main products: drinks, meals and desserts. Fixed costs are $397,000. Other financial information is as follows: Item drinks meals desserts Average Purchase (in $) 10 25 10 Average Margin Total Sales Dollars (in %) 40 50 10 60% 20% 70% What are total sales (in dollars) needed to make a profit of $200,000, assuming that the sales mix remains constant? How many drinks would they need to sell in order to make a profit of $200,000, assuming that the sales mix remains constant.
Cost volume profit
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QUESTION 20 A company sells mattresses for $390 each. To produce a batch of æ mattresses, there is a cost of $198 per mattress and a fixed or setup cost of $10,700 for the entire batch. Determine a function that gives the profit in terms of the number of mattresses produced. What will the company's profit be, in dollars, if they produce and sell 190 mattresses? Include a negative sign in your answer if the profit is negative. Provide your answer below:
Problem 21 same les 361 Use CVP and compute the sales revenue necessary to achieve an IBIT of $162.000 for a multi-product restaurant with total fixed costs of $150,000 from the information below: Sales Contribution Mix Margin 60% 40% Food 40% 70% Beverage
Knowledge Check 02 Cartier Corporation currently sells its products for $50 per unit. The company's variable costs are $20 per unit. Fixed expenses amount to a total of $5,000 per month. What is the company's variable cost ratio? 40% 60% 100% 20%
esc QUESTION 12 Indiana Bones, Inc., produces and sells 2,000 units of a single product, a deluxe dog house: Selling price per unit Variable cost per unit Annual fixed cost What is the company's breakeven point in sales dollars? Round your answer to the nearest whole dollar. Click Save and Submit to save and submit. Click Save All Answers to save all answers. MacBook Pro # $ 4323 4 2 ! 1 Q W E R do L % 5 T < C 6 & Y 7 I * 8 U $5,000 $1,000 $500,000 9 J -
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What is Dairy Day's contribution margin ratio? On accounting question
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Problem 20 Use CVP and compute the sales revenue necessary to achieve an IBIT of $162,000 for a multi-product restaurant from the information below. Food Beverage Total Sales $240,000 000'091 192,000 VC %00 CM 0000 112,000 208,000 52% FC 000ʻ96 IBIT 000's
4 Homework Saved Hel Munoz Company makes a product that sells for $31 per unit. The company pays $20 per unit for the variable costs of the product and incurs annual fixed costs of $107,800. Munoz expects to sell 21,700 units of product. Required Determine Munoz's margin of safety expressed as a percentage. (Round your percentage answers to 2 decimal places (i.e., 0.2345 should be entered as 23.45).) Margin of safety % ...

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