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IRINA_888 [86]
3 years ago
8

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 106 customers arrive per hour for service. Given number of tables and chairs, and the typical time it takes to serve a customer, they the owners estimate they can serve on average about 162 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?Critical zoneZone of serviceZone of nonservice
Business
1 answer:
Artyom0805 [142]3 years ago
6 0

Answer:

Zone of service

Explanation:

Zone of service is the period where there is intensive service to be rendered to customers because of the number present per hour.  Since they can serve 162 customers per hour, one can estimate that they would be serving about a thousand customers per night within a six-hour period.  In the zone of service, every hand would usually be on deck and the tables and chairs would be fully occupied with customers making their food and drink demands.

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Floyd and Merriam start a partnership business on June 12, 2019. Their capital account balances as of December 31, 2020 stood as
Serga [27]

Answer:

d. Cash 27,000

Floyd, Capital 5,250

Merriam, Capital 1,750

Ramelow, Capital 20,000

Explanation:

First of all we need to calculate the total capital after admission

Total Capital after admission = $50,000 + $23,000 + $27,000 = $100,000

Share of Ramelow = Total Capital x Partnership share = $100,000 x 1/5 = $20,000

Actual Payment made by Ramelow = $27,000

Amount of goodwill paid by Ramelow = $27,000 - $20,000 = $7,000

This goodwill will be distributed between Floyd and Merriam as per their partnership ratio

Share of Goodwill ro Flyod = $7,000 x 3/4 = $5,250

Share of Goodwill ro Merriam = $7,000 x 1/4 = $1,750

3 0
2 years ago
A lawyer believes that the probability is .3 that she can win a discrimination suit. if she wins the case she will make $40,000,
yaroslaw [1]
Her expected gain is $7,000 based on the information shown on the question above. This problem can be solved by using the expected value formula which stated as EV = W*Pw-L*Pw where EV is the expected value, W is the win value, Pw is the probability of winning, L is the lost value and Pl is the probability of losing<span>. Calculation: 7,000 = (40,000-5,000)*0.3 - 5,000*(1-0.3)</span>
4 0
2 years ago
Read 2 more answers
LO 8.5Which of the following is a possible cause of an unfavorable labor rate variance?
riadik2000 [5.3K]

Answer:

hiring higher-quality workers at a higher wage

Explanation:

Possible causes of unfavorable labor rate variances include:

An increase in pay for employees.

Working overtime hours paid at a premium above the basic rate.

Using direct labor employees who were more skilled and experienced than the ‘normal’ and who are paid  more than the standard rate per hour (adverse rate variance).

Based on the above discussion, the answer is hiring higher-quality workers at a higher wage

6 0
3 years ago
has just now paid a dividend of $2.50 per share (Div0); its dividends are expected to grow at a constant rate of 4 percent per y
miskamm [114]

Answer:

$26

Explanation:

according to the constant dividend growth model

price = d1 / (r - g)

d1 = next dividend to be paid

r = cost of equity

g = growth rate

(2.5 x 1.04) / ( 0.14 - 0.04) = $26

6 0
2 years ago
A group of private investors purchased a condominium complex for $2 million. They made an initial down payment of 10% and obtain
Zolol [24]

Answer:

The required quarterly payment is $52,096

Explanation:

According to the given data we have the following:

Principal=$2,000,000×0.90=$1,800,000

I=8.1%/4=2.025%

N=15×4=60

Therefore, in order to calculate the required quarterly payment we would have to use the following formula:

quarterly payment=<u>$1,800,000</u><u>×2.025%</u>

                                 1-(1+2.025%)∧-60

                              =$52,096

8 0
3 years ago
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