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Accounting - Cafe Habibi Case Study

View Solution # 27265

Price: $5.00

This Accounting project will include the following components:

1) Summary of data sources, e.g., brief description and summary of the topic- concise and pointed.
2) Interviews and/or field work in an actual organization, internet websites, or library.
3) Critique of material that you described.
4) Possible class presentations and/or panel discussions.
5) Sufficient copies of two page memo for each class member.

The information about the business:
Fixed Costs: we have 4 kind of hookahs 1/ regular hookah : The cost per hookah 2$ (labor included) + 0.50$ (coal cost) (Price: 10$) 2/ mix hookah : The cost per hookah 2$ (labor included) + 0.50$ (charcoal cost) (Price:12$) 3/ hookah juice : The cost per hookah 3$ (labor included) + 0.50$ (charcoal cost) (Price:13$) 4/ exotic hookah : The cost per hookah 2.50$ (labor included) + 0.50$ (charcoal cost) (Price:14$) Comcast : 120$ (TV + Internet) Labor/hour : 8$ Variable Costs: variable costs are the electricity, gas but not added to the fix cost of the hookah The Labor hours vary on the demand (When we do not have customers we close the cafe earlier, that costs does not effect the fix cost of the hookahs. on weekends there is an added price to everyone that enters which is the cover charge of $5.00 and the customer get a free drink when he pays that. the rent of the buliding is $1200.00 per month but the owner payed one years rent in advance.
The style of the paper should be a memo.

Solution

Café Habibi is a small restaurant focussing on the niche market of people who prefer to use Hookahs for relaxation. On initial visits to the café, a lot of information was gathered on the types of hookahs and the costs of the same. This café also draws more customers during the weekends using attractive offers.

The fixed costs, overhead costs and the performance of the company are analyzed and suitable suggestions are provided.

No. of Words: 504 words Help

References: n/a Help

Price: $5.00

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