The Owner of a Small Restaurant That Sells Take-Out Fried

question 8

Multiple Choice

The owner of a small restaurant that sells take-out fried chicken and biscuits pays $2,500 in rent each month,$500 in utilities,$750 interest on his loan,insurance premium of $200,and advertising on local bus $250 a month.A small bucket of take-out chicken,the only menu item,is priced at $9.50.Unit variable costs for the bucket of chicken are $5.50.At what level of sales of dollars of revenue will the restaurant break even?

• A)$9,386.00
• B)$9,500.00
• C)$9,975.00
• D)$19,925.00

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Definitions:

Maturation

The process of becoming mature; the developmental process of growing up or the development of natural growth, aging, or capability over time.

Thought Processes

Thought processes refer to the mental activities involved in cognition, including perception, memory, judgment, and reasoning.

Psychosocial

relating to the interrelation between social factors and individual thought and behavior.

Psychosocial Development

A theory proposed by Erik Erikson, describing how individuals’ social experiences across their lifespan shape their personality, including their emotions and attitudes towards themselves and others.