You have always wanted to own a restaurant and have now decided to go into busin

Question

You have always wanted to own a restaurant and have now decided to go into business, purchase a building, and open an Italian Bistro. The items listed below provide information regarding the purchases you will need to make to start your business. Research suggests that the average receipt total per person is $12.80 and the average cost per meal is $6.86 for the Italian restaurants in your area. The research also suggests that tables are turned over for new customers between 13 and 21 times a day in your area, and that restaurants have between 40% and 60% occupancy fill rate each day Create a graph showing revenues and food costs from your first 6 days of serving food. Present the average receipt total per person, the average cost per meal, number of times a table is sat or turned over, and fill rate or occupancy rate to estimate your restaurants revenues.

Explanation / Answer

Average receipt per person = 76.8 , Average cost per meal = 41.16 , Number of times table is sat or tunever over is 96 to 144 , Occupancy rate is 40 to 60%

Revenue 1228.8 1305.6 1382.4 1459.2 1536 1612.8 1689.6 1766.4 1843.2 Cost 658.56 699.72 740.88 782.04 823.2 864.36 905.52 946.68 987.84

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