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

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

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