Solved: What average food service check be to break even, Finance Basics

+44 141 628 6080
[email protected]

What average food service check be to break even

Problem: Nathan and Kylie Morse have invested $500000 in N&K's Place. Their projected costs and activities are as follow:

Variable costs 60%
Monthly fixed costs   $30,000
Monthly covers sold      10000
Average tax rate       20%

1. What must the average food service check be to break even?

2. If a monthly profit of $5000 is to be earned, what must the average food service check be?

View Complete Question

Solution Preview :

Prepared by a verified Expert

Finance Basics: What average food service check be to break even

Reference No:- TGS02060282

Now Priced at $20 (50% Discount)

Recommended (90%)

Rated (4.3/5)

Have a Question? (oR Write a Review)

Write atleast 100 words!!

Recent Questions Asked Finance Basics

Q : What will be the new stock price-crunchy chicken

Some board members want to increase the dividend to $1.50. What will the new stock price be?

Q : What is good a teaching

Write about a discussion you have either with friends or family about the benefits of having a good teaching ?

Q : Discuss influence that the law has on pricing decisions

In addition, they must also consider legal issues. Describe the influence that the law has on pricing decisions.

Q : What is the us foreign policy in terms of terrorism

Why are U.S. soldiers instructed: The enemy should engage you before you engage the enemy.

Q : What average food service check be to break even

1. What must the average food service check be to break even?

Q : Pricing strategies does mutual of omaha currently use

Problem: What pricing strategies does Mutual of Omaha currently use? Be specific. Are these pricing strategies effective?

Q : Selling price above the contribution margin

Problem: Many believe that any selling price above the contribution margin will add to the wealth of the firm.

Q : Suggest a pricing strategy that will increase your salary

Part of your salary is 10 percent of the ontly profits. Suggest a pricing strategy that will increase your salary.

Q : How is group a social group and how is it a political group

What are some different issues this group faces when they operate locally with in the United States, nationally and internationally?

1960520

Questions
Asked

3,689

Active Tutors

1441811

Questions
Answered

Start Excelling in your courses, Ask a tutor for help and get answers for your problems !!

ask Question

Asked Questions

What is a behavioral indicator related to family

Which of the following is a behavioral indicator related to Family? A) Developing school readiness and transition strategies B) Developing collaborative

Why you feel unpleasantly hot and sweaty

Working in the yard, you feel unpleasantly hot and sweaty when you come in the house, so you take a shower and begin to feel better.

Identify a true statement about validity

Question: Identify a true statement about validity as applied to a test. Multiple choice question

Discuss three ethical guidelines that are important

Identify and discuss three ethical guidelines that are important to consider when designing an 8-week group for adolescents who are referred

Problem concerning consensual sexual relationship

Question: Jena and Ben are employees of Big City Electronics. They began to have a consensual sexual relationship.

Discussion about gender stereotyping

Prior to your taking this graduate HR law class you had heard of the term "gender stereotyping," but didn't know much about it.

Describe the results, including any scores

Describe the results, including any scores. Result: E6% Extraverted Action oriented, Outgoing, Expressive, Hands-On S17% Sensing Traditional,