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3 years ago

Restaurants, like other businesses, often find that the best way to succeed in the market is to:

2 answers:

6 0

Restaurants, like other businesses, often find that the best way to succeed in the market is to follow their customer’s perception and be adaptive to the products that their customers need. The correct answer to the following given statement above is following their customers.

NISA [10]3 years ago

3 0

Answer:

Serve customers better than their competitors.

Explanation:

Just like every other kind of business, the best way for restaurants to succeed in the market is to serve their customers better than their competitors. Serving them better means delivering quality food or affordable or both, depending on their target market, to their customers which they can`t get elsewhere. Doing this will help them build a strong brand which customers will be endear to and willing to associate with. And for the fact that people take what they consume serious, serving customers with quality and affordable foods than the competitors is the surest way to success.

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An investment of $9,875 earns 4.8% interest compounded monthly over 12 years. Approximately how much interest is earned on the i

Sladkaya [172]

Answer:

Option (c) $7,672

Explanation:

Data provided in the question:

Investment amount i.e principle = $9,875

Interest rate,r = 4.8%

Time, t = 12 years

Now,

Future value = Principle × $\left( 1 + \frac{r}{n} \right)^{\Large{n \cdot t}}$

n = number of times compounded per year

Future value = $= 9875\times\left( 1 + \frac{ 0.048 }{ 12 }\right)^{\Large{ 12 \cdot 12 }}$

Future value = $9875\times{ 1.004 } ^ { 144 }$

Future value = $9875\times1.776866$

Future value = $17,546.55

Also,

Future value = Principle + Interest

Therefore,

$17,546.55 = $9,875 + Interest

Interest = $17,546.55 - $9,875

= 7671.55 ≈ $7,672

Hence,

Option (c) $7,672

3 0

4 years ago

Jacob lost his wallet but did not report his credit card lost until 3 days later. When he checked his balance, he saw 5 unauthor

Leviafan [203]

50$ for fees and expenses

4 0

4 years ago

Read 2 more answers

Michael had a severe hearing impairment and worked as the supervisor of a fast food restaurant. Michael’s manager and the human

KiRa [710]

Answer: The correct answer is "C) giving up rather than standing up to the boss as required by law.".

Explanation: This is a situation of: <u>giving up rather than standing up to the boss as required by law.</u>

Michael should have sued his boss before the law so that he could instead be compensated for the bad treatment and discrimination and also collect unemployment compensation in the event that the employment relationship is terminated.

6 0

3 years ago

You expect a share of EconNews.Com to sell for $65 a year from now. If you are willing to pay $65.74 for one share of the stock

iogann1982 [59]

Answer:

dividend payment = $6

Explanation:

given data

sell = $65

pay = $65.74

require a return = 8%

solution

we will use here present value formula that is express as

current stock price ( present value ) = $\frac{future\ value}{1 + rate}$ ........................1

$65.74 = $\frac{65+d}{1+0.08}$

here d is dividend

solve it we get

d = $6.00

so dividend payment = $6

6 0

3 years ago

Which of the following statements is false? Multiple Choice The journal entry to record bad debt expense decreases current asset

sammy [17]

Answer:

The journal entry to write off an uncollectible account receivable decreases operating income.

Explanation:

Accounts receivable is the amount that debtors owe a business and is collectible at a particular time in the future. If however the debtor is unable to make payment, the amount owed is written of.

The journal entry to record the write-off involves a debit to accounts recievable and reduces allowance for uncollectible account balances.

This does not affect the operating income of the business.

7 0

3 years ago