Show me the steps to solve Problem 16 Natalie's Caf, a proposed 100-seat...

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Accounting

Show me the steps to solve Problem 16
Natalie's Caf, a proposed 100-seat restaurant, is expected to have the following investment
costs, annual sales, and expenses:
Required:
Determine the average price per meal.
Assume that the revenue is divided between lunch and dinner at40 percent and 60
percent, respectively. Further, assume the lunch seat turnover averages 1.2 times per day, while dinner seat turnover averages .8 times per day. What are the average prices for lunch and dinner?
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