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1 answer:
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Answer: The seasonal relatives is calculated are as follows:
Step-by-step explanation:
Given that,
restaurant only open from Wednesday to Saturday,
- 29 percent of its business on Friday
- 31 percent on Saturday night
- 21 percent on Thursday night.
∴ The remaining 19% of its business he does on Wednesday
Now, suppose that total production of sales in a given week be 'y'
So, average sales in a week =
If we assume that y = 1
hence, average sales in a week =
= 0.25
Now, we have to calculate the seasonal relatives,
that is,
=
Wednesday:
=
= 0.76
Thursday:
=
= 0.84
Friday:
=
= 1.16
Saturday:
=
= 1.24