What is the corresponding number of meals to be sold?

Imagine you are head of the food and beverage department in a large Los Angeles hotel complex. One of the hotel’s restaurants currently generates an ROI of 11%, based on a value of € 400,000 in total activities attributable to the restaurant itself. The percentage ebit is on average 30%. The restaurant manager believes that by reducing prices by 5%, the restaurant’s profitability would increase. Currently, the average revenue per meal served is €50. a. What is the asset turnover ratio of the restaurant? (10 points) b. If the price cut is adopted, what is the new level of revenues required in order not to reduce ROI? (10 points) C. What is the corresponding number of meals to be sold? (5 points)

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Describe the Form of some ordinary objects around you, in accordance with Plato’s theory.

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Provide your initial discussion post to the question.

Discussion: Sampling Methods Sampling refers to the collection of data. The five primary sampling methods are discussed in section 1.2 of the textbook for this module and include: Simple random….