(Answered) Question 1 a restaurant has 90 seats total annual sales

Accounting

Question 1: A restaurant has 90 seats. Total annual sales revenue for next year is projected to be $975,000. The restaurant is open 52 weeks a year, seven days a week, and serves breakfast and lunch 6 days a week. Seat turnover per day is anticipated to be 1.2 times for breakfast, 1.25 times for lunch, and 1.20 times for dinner. Sales revenue is derived at 20% from breakfast, 30% from lunch, and 50% from dinner. Calculate the restaurants average check by meal period.

Question 2: The Resolute Resort hotel currently operates at 75% occupancy, using a rack rate for all rooms of $60 and marginal cost per room sold of $8. Calculate the occupancy figures for discount grid using discount percentages of 5%, 10%, and 20%.

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