Use the following information to answer questions 71-73• Rev…

Use the following information to answer questions 71-73• Revenue is $500,000 per year,• Payroll is $145,000, with benefits $39,500,• Purchased food is $147,500, used USDA commodities $27,000,• Alcohol is $16,500,• Electric Utilities are $12,500• Small and large equipment is $10,000,   72. What is the food cost percentage? a. 29.5%b. 32.8%c. 34.9%d. 38.2%

78. The Fair Labor Standards Act regulates:a. Management pra…

78. The Fair Labor Standards Act regulates:a. Management practices involving unionsb. Methods of wage payments and hours of work for any industry involved in interstate commercec. Standards of performance that management can demand from its employeesd. Working conditions in any industry involved in interstate commerce