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maw [93]
2 years ago
12

Owners of a local restaurant are concerned about their ability to provide quality service as they continue to grow and attract m

ore customers. They have collected data from Friday and Saturday nights, their busiest times of the week. During these time periods about 75 customers arrive per hour for service. Given number of tables and chairs, and the typical time it takes to serve a customer, the owners estimate they can serve on average about 100 customers per hour. Use Exhibit 5.6. During these nights, are they in the zone of service, the critical zone, or the zone of nonservice?
Business
1 answer:
Travka [436]2 years ago
8 0

Answer:

the critical zone

Explanation:

So, we have the following information or data from the question/problem, they are:

=> In order to improve on the restaurant service and give more quality, customers data were collected in from Friday and Saturday nights which happens to be the local restaurant's busiest times of the week.

=> From the data collected it was shown that 75 customers arrive per hour for service.

=> After getting the data above the owners of the local restaurant estimated that they can serve on average about 100 customers per hour.

In order to improve on the restaurant service and give more quality, the utilization rate must be calculated. Therefore the utilization rate is arrival rate divided by service rate that is to say;

The utilization rate = arrival rate/ service rate.

The utilization rate = 75/100 = 0.75 = 75%.

The next step is to draw the diagram showing the relationship between rate of service utilization and service rate.

So, from the graph we have that with the 75%, the zone that it falls to is the CRITICAL ZONE.

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Jordan has the following assets and liabilities:-Two Cars $10,000-House $200,000-Mortgage $100,000-Cash $1,000-Car Loans $3,000-
Ilia_Sergeevich [38]

Answer:

The correct option is B. $109,000; $213,000; $104,000

Explanation:

For computing the wealth, first, we have to compute the assets and liabilities value

So, the assets = Cars + House + cash + checking account balance

                 = $10,000 + $200,000 + $1,000 + $2,000

                 = $213,000

So, the liabilities = Mortgage + car loans + credit card balance

                     = $100,000 + $3,000 + $1,000

                     = $104,000

we apply the accounting equation which equals to

Assets = Liabilities + shareholder equity

And, the wealth equal to

= Assets - Liabilities

= $213,000 - $104,000

= $109,000

Hence, Jordan's wealth is $109,000, the value of Jordan's assets is $213,000, and the value of Jordan's liability is $104,000.

Therefore, the correct option is B. $109,000; $213,000; $104,000

3 0
2 years ago
What is the impact on the accounting equation when an accounts receivable is collected?
Alinara [238K]
DONT TRUST THAT LINK! IT IS USED TO STEAL PERSONAL INFORMATION! Report any links people give you.

Answer for your question!

Because one asset increases and another decreases by the same amount, the accounting equation remains unchanged and in balance, suggests Principles of Accounting. For example, if you collect $100 from an account receivable, cash increases by $100 and accounts receivable decreases by $100.
5 0
3 years ago
hich of these is the definition of client business risk? a. Risks affecting the business operations and potential outcomes of an
Leno4ka [110]

Answer:

Option A Risks affecting the business operations and potential outcomes of an organization's activities.

Explanation:

The reason is that the business risk are those risks that has potential to increase the cost of the company or decrease the revenue of the organization. So here the misstatement will not increase the cost of the organization and the only risk that increase the cost or decrease the revenues is the poor performance of the organization's activities and operations. So the right option which doesn't talks about misstatements is option A.

6 0
3 years ago
Jesse and Tim form a partnership by combining the assets of their separate businesses. Jesse contributes accounts receivable wit
anygoal [31]
Ddkhkgakgatkitajaita
6 0
3 years ago
At December 31, 2011 the accounting records of Gordon, Inc. contain the following items: If the Notes Payable is $10,000, the De
Vadim26 [7]

The question is incomplete. The complete question is as follows,

At December 31, 2011 the accounting records of Gordon, Inc. contain the following items:

Accounts Payable 2500

Land 30000

Building 31250

Notes Payable ?

Retained earnings 125000

Accounts Receivable 18750

Cash ?

Equipment 40000

Capital Stock 12500

If the Notes Payable is $10,000, the December 31, 2011 cash balance is:

Answer:

Cash = $30000

Explanation:

The accounting equation states that the sum of total assets is always equal to the sum of total liabilities plus total equity. We can state the equation as follows,

Total Assets = Total Liabilities + Total Equity

So,

(30000 + 31250 + 18750 + 40000 + Cash) = (2500 + 10000) + (125000 + 12500)

120000 + Cash = 12500 + 137500

Cash = 150000 - 120000

Cash = $30000

6 0
3 years ago
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