Question

In: Accounting

1) Aday’s Restaurant has the following income statement: Revenue:    Food Sales                         

1)

Aday’s Restaurant has the following income statement:

Revenue:

   Food Sales                         

$240,000

   Beverage Sales                       

$86,000

Total Sales              

$326,000

Cost of Sales:

   Food Costs               

$72,000

   Beverage Costs            

$15,480

Total Costs                

$87,480

Gross Profit             

$238,520

Expenses:

   Operating           

$8,000

   Labor               

$26,000

   Miscellaneous       

$4,000

   Administrative      

$14,000

Total Expenses           

$52,000

NET PROFIT               

$186,520

Calculate administrative expenses as a % of sales

        

Select one:

a. 3.00%

b.

10.00%

c.
1.23%

d.
4.29%

2)

Smitty’s Place recorded the following information from its lunch period on May 1:

SECTION 1 2 3 4 Total
Server Susan Dalia Zoe Carissa 4
Total number of Tables 5 6 5 8 24
Total Number of Seats 18 22 16 26 82
Number of Customers Served 50 46 40 62 198
Total Sales $          248.40 $          225.00 $          146.00 $          260.40 $         879.80


Using the information in the table above:

What is the average check?

Select one:

a. $18

b. $8

c. $6.92

d. $4.43

3)

Smitty’s Place recorded the following information from its lunch period on May 1:

SECTION 1 2 3 4 Total
Server Susan Dalia Zoe Carissa 4
Total number of Tables 5 6 5 8 24
Total Number of Seats 18 22 16 26 82
Number of Customers Served 50 46 40 62 198
Total Sales $          248.40 $          225.00 $          146.00 $          260.40 $         879.80


Using the information in the table above:

What is the average dollar sales per table?

Select one:

a. $18

b. $8

c. $4.43

d. $37.23

Solutions

Expert Solution

Solution :-

(1)

Given data are

Sales = $ 326,000

Administrative expenses = $ 14,000

So, administrative expenses as a % of sales = $ 14,000*100 / $ 326,000 = 4.29 %

Hence the option no ( d) with 4.29 % is the correct answer

(2) Given data are

Susan

No of customers served = 50

Total sales = $ 248.4

Average cheque = $ 248.4 / 50 = $ 4.968

Dalia

No of customers served = 46

Total sales = $ 225

Average cheque = $ 225 / 46 = $ 4.891

Zoe

No of customers served = 40

Total sales = $ 146

Average cheque = $ 146 / 40 = $3.65

Carissa

No of customers served = 62

Total sales = $ 260.4

Average cheque = $ 260.4 / 62 = $ 4.2

Hence average check for the whole = $ ( 4.968 + 4.891 + 3.65 + 4.2 ) / 4 = $ 4.43

Hence the option no (d) with $ 4.43 is the correct answer

(3) Given data are

Susan

Total No of tables = 5

Total sales = $ 248.4

Average dollar sales per table = $ 248.4 / 5 = $ 49.68

Dalia

Total No of tables = 6

Total sales = $ 225

Average dollar sales per table = $ 225 / 6 = $ 37.5

Zoe

Total No of tables = 5

Total sales = $ 146

Average dollar sales per table = $ 146 / 5 = $ 29.2

Carissa

Total No of tables = 8

Total sales = $ 260.4

Average dollar sales per table  = $ 260.4 / 8 = $ 32.55

Hence average dollar sales per table  for the whole = $ ( 49.68 + 37.5 + 29.2 + 32.55 ) / 4 = $ 37.23

Hence the option no (d) with $ 37.23 is the correct answer

ekkarill92 answered 1 year ago
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