read attached file Supposing breakfast service would have an AGC of $5.25 per guest and that you would open at 8:00am opposed to 10:00am-9:00pm. What number of guests and revenues would be required to...

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read attached file






Supposing breakfast service would have an AGC of $5.25 per guest and that you would open at 8:00am opposed to 10:00am-9:00pm. What number of guests and revenues would be required to break even during the breakfast service period? Furthermore, if Mr. Turner wanted an additional after-tax benefit of $50 per day from breakfast service, how many guests need to be served?


Write an one page detailed report using clear ,concise language with support calculation.






Rubric:


Summary of decision and rationale and the extent to which decisions were supported by research and evidence of reading


Assessment of information and application of financial knowledge and understanding


Analysis and justification of Pricing Strategy and competitive environment both Internal and external




Charley's Family Steak House
Answered Same DayMar 15, 2021

Answer To: read attached file Supposing breakfast service would have an AGC of $5.25 per guest and that you...

Preeta answered on Mar 15 2021
151 Votes
The costs mentioned are as follows:
Food = $1,025,870
Labor = $207,000
Expenses = $152,450
Adver
tising = $78,625
Miscellaneous = $3,320
Depreciation = $24,000
Insurance = $9,780
Taxes and licenses = $10,940
Rent = $72,000
Rent = $26,980
Management = $98,000
Total Cost = $1,708,965
This total cost is for one year and for the purpose of the required problem, per day cost is required.
So, cost of one day =...
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