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zysi [14]
3 years ago
7

After analyzing your menu, you find that food sales are $1,200 and beverage sales are $800. Your average gross margin for food a

nd beverage is 67%. Which is more profitable, food or beverage
Business
2 answers:
miss Akunina [59]3 years ago
6 0

Answer:

C. Cant tell from the data

Explanation:

stepan [7]3 years ago
3 0

Answer:

Food is more profitable

Explanation:

The formula for calculating the gross margin ratio is as below.

Gross margin ratio= gross profit/ net sales.

Therefore, gross profit=  net sales x gross profit ratio

in this case:

The gross profit ratio is 67%

gross profits from food sales

=1200 x (67/100)

=$804

Gross profit from beverages

=$800 x ( 67 /100)

=$536

Gross  profit from food sales is higher than that of beverages

Food is more profitable

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Answer:

The correct option is A

Explanation:

The documentation for which is not required is the company expense report so Brent need not require to substantiate or provide the proof of the expenses of travel and entertainment in the expense report of the company. As the company expense report need particularly under the rules of the substantiation.

Therefore, the correct answer is that the company expense report is not needed for documentation.

6 0
3 years ago
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The correct designing principles that will be implemented to create the brochure will be Contrast and Repetition.

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7 0
1 year ago
For a good that is a necessity, a. quantity demanded tends to respond substantially to a change in price. b. demand tends to be
babymother [125]

Answer:

The correct answer is letter "B": demand tends to be inelastic.

Explanation:

Inelasticity is a characteristic that goods and services have by which their demand does not change in front of fluctuations in price.<em> Consumer staples are considered inelastic goods since people need them to cover basic needs. </em>

Inelasticity is calculated by dividing the percentage change in quantity demanded by the percentage change in price. If the result is lower than one (1) the demand for that good or service is inelastic.

6 0
3 years ago
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The correct option is D.
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4 years ago
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irga5000 [103]
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