Restaurant had sales revenues and food costs, Accounting Basics

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Restaurant had sales revenues and food costs

During 2013, the JKL Restaurant had sales revenues and food costs of $830,000 and $620,000, respectively. During 2014, JKL plans to introduce a new menu item that is expected to increase sales revenues by $104,000 and food costs by $41,000. Assuming no changes are expected for the other food items, operating profits for 2013 are expected to increase by?

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Accounting Basics: Restaurant had sales revenues and food costs

Reference No:- TGS0680540

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

Q : Determine the variance for power cost for the month

Q : Prospective-retrospective and case-control study

Q : Using the sales warranty accrual method

Q : Calculting the present value

Q : Restaurant had sales revenues and food costs

Q : Which security is riskier for correlation with the market

Q : Different brands of antihistamines

Q : What is insurance and property taxes

Q : The financial manager at the casa real restaurant

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: Restaurant had sales revenues and food costs

Reference No:- TGS0680540

Recent Questions Asked Accounting Basics

Q : Determine the variance for power cost for the month

Q : Prospective-retrospective and case-control study

Q : Using the sales warranty accrual method

Q : Calculting the present value

Q : Restaurant had sales revenues and food costs

Q : Which security is riskier for correlation with the market

Q : Different brands of antihistamines

Q : What is insurance and property taxes

Q : The financial manager at the casa real restaurant

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