Give typing answer with explanation and conclusion Food revenue is $287,690, while beverage revenues are $78,981, in a 300-room hotel that runs 62.5% occupancy in the month of April. Fifty-four percent (54%) of food revenue was generated in the F&B outlets, while the remaining 46% was generated in banquets. Outlet food revenue was anticipated to account for 60% of revenue at a 29.5% food cost, while banquets were anticipated to generate 40% of revenue at a 22.5% food cost. Calculate the potential food cost ratio for the month of April?
Give typing answer with explanation and conclusion Food revenue is $287,690, while beverage revenues are $78,981, in a 300-room hotel that runs 62.5% occupancy in the month of April. Fifty-four percent (54%) of food revenue was generated in the F&B outlets, while the remaining 46% was generated in banquets. Outlet food revenue was anticipated to account for 60% of revenue at a 29.5% food cost, while banquets were anticipated to generate 40% of revenue at a 22.5% food cost. Calculate the potential food cost ratio for the month of April?
Purchasing and Supply Chain Management
6th Edition
ISBN:9781285869681
Author:Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson
Publisher:Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson
ChapterC: Cases
Section: Chapter Questions
Problem 5.1SC: Scenario 3 Ben Gibson, the purchasing manager at Coastal Products, was reviewing purchasing...
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Give typing answer with explanation and conclusion
Food revenue is $287,690, while beverage revenues are $78,981, in a 300-room hotel that runs 62.5% occupancy in the month of April. Fifty-four percent (54%) of food revenue was generated in the F&B outlets, while the remaining 46% was generated in banquets. Outlet food revenue was anticipated to account for 60% of revenue at a 29.5% food cost, while banquets were anticipated to generate 40% of revenue at a 22.5% food cost. Calculate the potential food cost ratio for the month of April?
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