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yulyashka [42]
2 years ago
10

Raktida is the manager a popular Italian Restaurant on Mott Street. She wants to predict her guest counts for the first week of

November so that she can estimate an accurate number of servers to schedule. Business is very good, but her sales history from last month indicates that fewer guests are served during the first few days of the week compared to last year, whereas more guests per day are served in the later part of the week. Raktida has entered the guest counts from last year and the estimated percentage change in guest counts for this year in the chart below. Because good service is so important to her, she wants to ensure that enough servers are scheduled to work each day. One server can provide excellent service to 50 guests. Help Raktida calculate how many servers to schedule each day by completing the following chart.
Raktida's Guest Forecast and Server Scheduling Worksheet for the First Week of November


Guest Count Last Year Estimated Change This Year Estimated Guest Count This Year Number of Servers Needed This Year

Sunday 625 -5%
Monday 750 -5%
Tuesday 825 0
Wednesday 850 5%
Thursday 775 5%
Friday 1250 10%
Saturday 1400 10%

Required:
How would Raktida's server scheduling efforts this year be affected if last year she had recorded only her weekly (not daily) guest counts?
Business
1 answer:
AfilCa [17]2 years ago
8 0

Answer:

The advantage of recording daily guest counts is that the information is more accurate, and it can help help Raktida to better forecast the number of guests during the current year. It's all about the quality of the information and not just the total data available. Total numbers would have been the same, but the use that could be given to them would be limited. The same applies if instead of weekly guests, the information was for monthly guests. Weekly numbers would be more useful than monthly numbers.

Having daily numbers allows Raktida to forecast a much more accurate serving schedule.

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You have just received notification that you have won the $1.4 million first prize in the Centennial Lottery. However, the prize
Arada [10]

Answer:

Present value = $6404.20

Explanation:

Data provided in the question :

Amount of the Centennial lottery prize won = $1.4 million = $1,400,000

Time after which the amount will be received, n = 70 years

Discount rate, r = 8%

Now,

the present values is given as:

\textup{Present value}=\frac{\textup{Principle amount}}{(1+r)^n}

on substituting the respective values, we get

\textup{Present value}=\frac{\textup{$1,400,000}}{(1+0.08)^70}

or

Present value = $6404.20

6 0
2 years ago
Which functionality would you include in the product category of the marketing mix?
Licemer1 [7]

The after sales services are included in the product category of market mix.  Option C

<u>Explanation: </u>

The set of ideas or actions taken by a business entity or a company to promote its product or brand in the market. The four P’s of marketing mix are namely,

  • Product - The end product that is offered for sale.
  • Price – The value set for the finished good for selling.  
  • Place – Direct or indirect markets.
  • Promotion – Public relations, advertising, etc.,

From the given, discounts comes under pricing, product image used in advertising comes under promotion and substitute goods belong to a different topic. After-sales services comes under the service branch of the product category.

6 0
2 years ago
The addition of acceptance criteria factors to the milestone schedule in a project charter helps the team understand who will ju
Aleksandr-060686 [28]

Answer:

Standards or criteria that will be used

Explanation:

A project charter is an informal contract between a project team and the project sponsor. The project charter shows a detailed plan of each aspect of a project; from scope to objectives, etc as well as grants the project team the power to create a project plan.

A project charter helps the project team to develop an understanding of the project to be undertaken, thereby enhancing team performance. Before a project charter is signed between both parties, all risks must have been eliminated.

When acceptance criteria factors are added to the schedule of a project charter, it helps the project team to know who will be judging the quality of their work as well as the standard that the judge will be using.

I hope this helps.

3 0
1 year ago
Opera Estate Girls' School is considering increasing its tuition to raise revenue. If the school believes that raising tuition w
ValentinkaMS [17]

Answer: (A) inelastic

Explanation: In inelastic demand it states that by increasing the cost price it will create a proportionality in the total revenue ,that is revenue will also increase.In this case the demand of the buyer does not change, only the cost changes and the consumer will keep on buying the goods even after change in price.

Opera Estate Girls' School is also using this technique to increase the revenue,by increasing the tuition.Thus the correct option is option (A).

6 0
2 years ago
Zeffer is a small but growing bottling company that competes with large soft drink heavy-hitters. To set itself apart, Zeffer ha
Zanzabum

Answer:

Hispanic

Explanation:

In the United States Hispanic population has continued to be responsible for half of the total population growth since 2010 till date.

In this time Hispanics contributed 52% to the 18.9 million population growth in the United States.

Based on this trend Zeffer has decided to develop a line of all-natural soft drinks that are believed to be healthier than typical high-calorie sodas and targeting the Hispanic market will make their product popular rapidly.

3 0
2 years ago
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