The Eastman Family Restaurant Is Open 24 Hours Per Day

question 20

Essay

The Eastman Family Restaurant is open 24 hours per day.Fixed costs are $24,000 per month.Variable costs are estimated at $9.60 per meal.The average revenue is $12 per meal.The restaurant wished to earn a profit before taxes of $6,000 per month.
Required:
A) Compute the number of meals that must be served to earn a profit before taxes of $6,000 per month.
B) Assume that fixed costs increase to $30,000 per month. How many additional meals must be served to earn a profit before taxes of $6,000 per month?

• A) Compute the number of meals that must be served to earn a profit before taxes of $6,000 per month.
• B) Assume that fixed costs increase to $30,000 per month. How many additional meals must be served to earn a profit before taxes of $6,000 per month?

Understand the process of dissolution and winding up of a partnership.

Comprehend the rights and liabilities of dissociated partners, especially related to debts and obligations.

Recognize the procedure and conditions for the distribution of assets during the winding up of a partnership.

Identify the characteristics and implications of partnership at will.

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Definitions:

Commensalism

A type of symbiosis in which one organism benefits and the other one is neither harmed nor helped. Compare with mutualism and parasitism.

Lactic-Acid Bacteria

A group of gram-positive bacteria that produce lactic acid as their major metabolic end product during the fermentation of carbohydrates.

Sauerkraut

Fermented cabbage, a traditional dish of many countries, known for its sour taste and health benefits related to gut health.

Vaccines

Biological preparations that provide active acquired immunity to a particular infectious disease.