Question 9 Average check is calculated by dividing: Sales revenue for a period i

Question

Question 9 Average check is calculated by dividing: Sales revenue for a period into the number of guests served during that period. Sales revenue for a period by the number of guests served during that period. Sales revenue for a period by the number of guests served during that period and multiplying by 100. Annual sales revenue by 365 and multiplying by number of guests served. 10 points Question 10 A current ratio of 2 to 1 means that: Current liabilities are twice as high as current assets Current assets are twice as high as current liabilities The odds are two to one that the company will not be able to pay off its short-term debts The company will take twice as long as normal to pay what it owes 10 points Question 11 Inventory turnover is calculated by dividing: Food cost for the year by 365 Cost of sales for the period divided by average inventory during the period Average inventory during the period divided by cost of sales for the period Beginning inventory plus ending inventory divided by two 10 points Question 12 Restaurant seat turnover is calculated by dividing: Customers served during the year by 365 Sales revenue for a period by the average check for that period The number of guests served during a period by the number of seats in the restaurant The sales revenue for a period by the number of seats in the restaurant

Explanation / Answer

9. Correct option is:

Sales revenue for a period by the number of guests served during that period.

Explanation:

Formula to calculate average check is:

=Sales revenue/ no. Of customers served

For example:

In March a restaurant served 3,600 guests producing $45,900 in sales revenue. What is the average check

Average check=$45,900/3600

=$12.75

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