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Charleys Family Steak House (A) 1. Explain how each amount in the 2008 operating plan...

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Accounting

Charleys Family Steak House (A)

1. Explain how each amount in the 2008 operating plan was determined:

a. Revenues:

i. Gross Sales

ii. Net Sales

b. Expenses

i. Truly Fixed

ii. Mostly Fixed (so assume Fixed)

iii. Variable

2. If the forecasted sales volume in 2008 is reduced to 3,700 meals per week, what is the revised project profit for the year?

a. Draft an entirely new Operating Plan based on the new information

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