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.
<span> </span>
Answer:
Average customer life value
CLV = 1260
Explanation:
Fis, we will calcualteteh gross margin.
For that we need the revenue:
We will calculate the average revenue per year:
50% 30 dollars per month = 180
40% 50 dollars per month = 240
10% 80 dollars per month = 96
average annual revenue per customer: 516
now we ill calcualte the gross margin:
revenue 516
maintenance (45)
administrative (30)
gross margin 441
CLV = 1260
<u>Full question:</u>
Researchers at shipping giant Federal Express want to study delivery patterns and their relationship to customer complaints. Federal Express uses a system that electronically tracks packages from the time a label is printed until it is delivered and a customer completes a satisfaction survey. Researchers could access this data by using _____.
A. Content Analysis
B. Bar codes
C. Field editing
D. Voice Recognition
E. None of the above
<u>Answer:</u>
Researchers could access this data by using Bar codes
<h3><u>
Explanation:</u></h3>
Federal Express employs various barcodes on their shipping tags. Federal Express SuperTracker handheld barcode scanner, prime preceded in 1986. The SuperTracker is a significant component of FedEx’s Consumers, Operations, and Services Master Online System handled to track parcels and authenticate distributions.
Rendering data about a package’s position, state, and action enhanced an essential component of delivery firms, with every significant carrier completing a package tracking system. Customer representatives, dispatchers, and distributing personnel practice the SuperTracker to scan barcodes on units as they pass by the Federal Express system.
Answer and Explanation:
<u>LEE INC.</u>
<u>Effect of events on the general ledger accounts</u>
<u>Event Cash Account land Account Common stock Retained</u>
<u> receivable Payable Earnings</u>
Sales
on account 62,000 62,000
collected 51,000 -51,000
Expenses 39,000 -39,000
Account
Payable -31,000 -31,000
Issue of stock 40,000 40,000
Purchase land -21,000 21,000
<u>Totals 39,000 11,000 21,000 8,000 40,000 23,000</u>
The computation of the amount of revenue recognized would be equivalent to the service performed i.e. $62,000
