{[ promptMessage ]}

Bookmark it

{[ promptMessage ]}

hrim336_hw3

# hrim336_hw3 - Singles 17,105 17,105X 11,403(12.50 X)=...

This preview shows pages 1–2. Sign up to view the full content.

HW #3 John Coleman Problem 1 Menu Item Total Ingredient Cost Selling Price Chicken Livers \$4.00 \$12.50 Pork Snout \$6.00 \$18.75 Lamb Chops \$12.00 \$37.50 Problem 2 Guest 2005 175,000 2004 185,000 10,000/185,000=.05 Avg. Guest Check 2005 \$51.00 2004 \$46.00 5/46=.11 .05/.11=.49 Inelastic Problem 3A Rooms Sold 28,908 Net Income 300,000 Pretax Income 400,000 Interest Expense 250,000 Undistributed Exp. 200,000 Rooms Dept Exp. 40,000 Total 890,000 ADR \$30.79 Problem 3B Doubles 11,403

This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: Singles 17,105 17,105X+11,403(12.50+X)= 890,000 17,105X+142,537.5+11,403X = 890,000 28,508X = 747462.5 747462.5/28,508 = 26.22 26.22+12.50= 38.72 Singles = \$26.00 Doubles = \$38.00 Problem 4 Tables per year 116,800 Net Income 400,000 Pre tax Income 85,714 Interest Exp 32,000 Fixed Charges 165,000 Depreciation 75,900 Rest Op. Expenses 782,100 Total 1,140,714 Revenue 1,629,592 Average Check \$13.95...
View Full Document

• Fall '08
• KELLEY,PAULJOHN
• Expense, Income Pretax Income, Rooms Dept, Expense Undistributed Exp, Livers Pork Snout, Lamb Chops Problem

{[ snackBarMessage ]}

### What students are saying

• As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

Kiran Temple University Fox School of Business ‘17, Course Hero Intern

• I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

Dana University of Pennsylvania ‘17, Course Hero Intern

• The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

Jill Tulane University ‘16, Course Hero Intern