Bo Zhang
EEE451 Case 4 Questions
September 11, 2012
Case 4 THAIFOON RESTAURANT
* Prepare a spreadsheet for the restaurateur to project his net profits.
From exhibit 3, Thaifoon restaurant forecast that there would be 18 turns (5 lunch turns and 13 dinner turns) each week. And the owner planed to have 30 or fewer seats in order to meet the legal regulations and design. So it means there are 30 seats for each turn. Daily Turnover Ratio | | Lunch | Dinner | Revenue | $12.00 | $25.00 | Monday | 1 | 1.5 | Tuesday | 1 | 1.5 | Wednesday | 1 | 1.5 | Thursday | 1 | 1.5 | Friday | 1 | 2.5 | Saturday | 0 | 2.5 | Sunday | 0 | 2 | Number of Seats | 30 | |
Moreover, the restaurant would open 52 weeks
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The revenue is $600,600*1.2= $720,720. The variable cost changes as sales increases and fixed cost stays the same, the gross profit is $175,500. After tax, the net income is $100,557. Thaifoon Restaurant Income Statement | | Year 1 | Lunch turns | 312 | Dinner turns | 811.2 | Total turns | 1123.2 | Revenues | 720,720 | Fix cost | 68,375 | Food cost (37% of food sales) | 214,718 | Drink cost (25% of drink sales) | 35,100 | Credit card cost | 10,811 | Labor cost (30% of total sale) | 216,216 | Total variable cost | 476,845 | Total cost | 545,220 | Gross profit | 175,500 | Admin expenses | 0 | Marketing expenses | 0 | EBITDA | 175,500 | Amortization | 19,414 | EBIT | 156,086 | Interest expenses | 0 | Earnings before taxes | 156,086 | Taxes | 55,529 | Net income | 100,557 |
* What other factors should be considered?
Mr. Phimphrachanh wants to draw $100,000 from the business by the end of 2006. But based on his financial projections, the after tax net income is less than $100,000. Moreover, there are some other factors that he should consider.
First, the macro
1- The total unit cost = Total Variable Cost + Production Fixed Expenses + Advertising Expense + Selling and Administrative Expense = 3.23 + 1.20 + 0.30 + 0.19 = 4.92.
Senior Management of PepsiCo is evaluating the potential acquisition of two companies – Carts of Colorado and California Pizza Kitchen – in order to expand the company’s restaurant business. If indeed PepsiCo decides to pursue the acquisition of one or both, they must decide how to align each of these business units in its historically decentralized management approach and how to forge relationships between the acquired business units and existing business units. In their evaluation, Senior Management is faced with the question of whether the necessary capital investment in order to purchase one or both of the businesses can be profitable for each of the acquired business units, but must
My most favorite of all time restaurants to dine at is The Cheesecake Factory. This restaurant is a famous corporate chain of restaurants that offers a widespread variety of all types of American dishes and of course specializes in the most amazing variety of the best tasting cheesecakes. I love the experience of dining at the Cheesecake factory because the atmosphere is so welcoming and the artwork on the ceilings make you feel very lavish, the food is great and the service is excellent. A particular visit last month proved to me that Cheesecake factory lives up to the expectations of its guests.
Moreover, the APP also has some of its own disadvantages. First of all, the use of the APP must depend on the network. That is, it must be used online and not out of the network. It is limited to the business of the enterprise in underdeveloped areas of the network and it is also a common defect of all kinds of APPs. This is limited to the expansion of the use areas of the APP. Because consumers cannot use the network or the cost of using the network is too high in some places, then they would give up using the APP.
Total Sales Dollars (for covering each incremental dollar of advertising) = $200,000 / $150,000 = $1.33
Approximately 52% of the 1993 population in the area was 60 years of age or over. This was considered the restaurant’s main target market. During the late 1980s and early 1990s, the number of people taking up permanent residence in the valley increased dramatically for various reasons. The climate was attractive for growing population of seniors. Land prices, housing, taxes, and utilities were affordable. With the average cost of an acre of industrial land in the Penticton area at $45000 in 1991, businesses were attracted to the area. Between 1984 and
My friend and I woke up one morning and decided to go to one of the best breakfast diners in Monroe County, T’s Family Restaurant. It is located in the Webster Plaza off of Hard road, right next to BJ’s. The neighborhood is pleasant, however the plaza looks almost rundown and gloomy. Some of the lots are vacant, and the parking lot needs to be redone with all the potholes scattered everywhere. On the other hand, T’s Family Restaurant building looks well taken care of. Also, there is plenty of parking spots, so there is no need to leave early to find somewhere to park your car.
Terranova’s Italian Restaurant is a comfortable and casual establishment that serves extremely satisfying Italian dishes. Customers rave about everything from the complimentary bread to the various dishes on the menu. Terranova’s Italian Restaurant is a family-own and run business that makes as much as possible from scratch. It is open all days, except for Mondays. The venue served both lunch and dinner.
Foods Fantastic Company is a public company which mainly operating regional grocery store in Maryland. This Company relies on application programs, such as bar-code scanner, to entre sales to the system. The FFC majority depends on the computer system to run their business. Based on this situation, the Information General Controls review is necessary for this company as the reason that ITGC is the foundation of every categories of the internal control.
An index number < 1 for the month indicates that month’s sales are generally lower than the average. The result is the following:
After a day of running the cold roads, I knew there was only one place to go that served warm home style country food anywhere near where I was at; and that is Cracker Barrel. Cracker Barrel is an inviting restaurant that started in 1969, in Tennessee, that has grown tremendously; however, it still serves its customers with true southern hospitality. This chain of restaurants tries to gather all things stereotypically southern in one place hoping to give it customers a taste of it all. This exaggerated old southern restaurant is a place where families go to relax and play checkers while they wait on their table or go look at the general store that is located in front of every Cracker Barrel restaurant.
When I arrive home I usually smell the cooking of my mom all nice and prepared. The dishes are all Mexican which make them unique, at least that is what I think. I’m glad I am Mexican because the culture is unique just like any other cultures, but anyway who doesn’t like their mothers cooking? Anyway, when I walk in Taqueria San Juanito it reminds me of my culture and where I’m from. This restaurant should be known more because it shows how good different cultured foods are important to shaping a country in which immigrants built. This is why I think this restaurant should be known more. Another reason why I chose this to make a review on and explain why I love going here. Many people like sandwiches and there's all sorts of sandwiches out there with different ingredients which are either fresh or not. Watch out because the king of all spanish sandwiches, the torta!
Gazing out the summer heat surrounded by the bold skyline, the rest of the city appears flat as if the skyscrapers are all that stands. The soundtrack of the thriving brightly lit city plays beneath. The constant high-pitched notes of long blaring horns and traffic whisking by being enough to feel overwhelmed even without the breathtaking view. Dining often at this luxury rooftop, I have been able to see the unsettling truth, my own rushed reflection.
“No,” I cried. Chaos erupts around me, adults and children screaming and crying in fear of the three gunmen who had entered the restaurant just moments ago.
Amazing restaurants are few and far in between. It seems as if there is always something negative that could be said about even the best restaurants in the country, not even one is entirely perfect. It’s incredibly hard to find a great restaurant that has attentive servers, high quality food served in a timely manner, a friendly atmosphere, and overall cleanliness. Incredibly, I have found an impeccable restaurant that not only meets all of the criteria listed above, it exceeds them. Uno’s Pizzeria & Grill in Dayton Ohio has absolutely amazed me with unbeatable service, food, and much more every time I have dined with them.