Finns Seafood restaurant has been approached by New England Investments, which wants to hold an employee recognition dinner next month.

Finns Seafood restaurant has been approached by New England Investments, which wants to hold an employee recognition dinner next month. Lillian Sumner, a manager of the restaurant, agreed to a charge of $70 per person, for food and wine, and desert, for 175 people. She estimates that the cost of unprepared food will be $35 per person and beverages will be $13 per person.To be able to accommodate the group, Lillian will have to close the restaurant for dinner that night. Typically, she would have served 190 people with an average bill $54 per person. On a typical night the costs of unprepared food is $20 per person and beverages and are $16 per person. No additional staff will need to be hired to accommodate the group from New England investments.Required:Calculate the incremental profit or loss associated with the New England Investment Group.What was the opportunity cost of accepting the New England Investment Group?Should Lillian have considered any qualitative factors in her decision? Explain.

Finns Seafood restaurant has been approached by New England Investments, which wants tohold an employee recognition dinner next month. Lillian Sumner, a manager of therestaurant, agreed to a...