A manager of a ski-station restaurant collected $90,000 of revenue in April, serving 9000 customers. For...

A manager of a ski-station restaurant collected $90,000 of revenue in April, serving 9000 customers. For May she predicts a decrease in guests of 40%. What will be the amount of revenue she will collect, if she is planning to reduce her fixed costs, by reducing number of staff by 20%.

Solutions

Expert Solution

ekkarill92 answered 2 years ago

Next > < Previous

Related Solutions

Company A collected layaway payments from customers and reported revenue as the customers made each payment...

Company A collected layaway payments from customers and reported revenue as the customers made each payment (as cash was received). Company B recorded no revenue until the full purchase price had been paid and the customer took possession of the merchandise. Assume both companies had $50,000 owed by customers for layaways, which was payable in equal monthly payments over a 8 month period from September of Year 1 through April of Year 2 at a total of $6,250 per month....

The manager of a fast-food restaurant determines that the average time that her customers wait for...

The manager of a fast-food restaurant determines that the average time that her customers wait for service is 5.5 minutes. (a) Find the probability that a customer has to wait more than nine minutes. (Round your answer to three decimal places.) (b) Find the probability that a customer is served within the first five minutes. (Round your answer to three decimal places.) (c) The manager wants to advertise that anybody who isn't served within a certain number of minutes gets...

The manager of a local fast-food restaurant is concerned about customers who ask for a water...

The manager of a local fast-food restaurant is concerned about customers who ask for a water cup when placing an order but fill the cup with a soft drink from the beverage fountain instead of filling it with water. The manager selected a random sample of 50 customers who asked for a water cup when placing an order and found that 8 of those customers filled the cup with a soft drink from the beverage fountain. (a) Find the sample...

The manager of a fast-food restaurant wants to reduce the proportion of drive-through customers who have...

The manager of a fast-food restaurant wants to reduce the proportion of drive-through customers who have to wait longer than 2 minutes to receive their food after placing an order. Based on store records, the proportion of customers who had to wait longer than 2 minutes was p = 0.63. To reduce this proportion, the manager assigns an additional employee to assist with drive-through orders. During the next month, the manager will collect and random sample of drive through times...

Subjects