During 2016, the Beach Restaurant had sales revenues and food costs of $730,000 and $515,000,...
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Accounting
During 2016, the Beach Restaurant had sales revenues and food costs of $730,000 and $515,000, respectively. During 2017, Beach plans to introduce a new menu item that is expected to increase sales revenues by $105,000 and food costs by $47,000. Assuming no changes are expected for the other food items, operating profits for 2017 are expected to increase by:
a) $273,000
b) $47,000
c) $105,000
d) $58,000
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