4. Ricky’s Fiesta Diner is a family-owned restaurant that serves pizza and Italian dishes. Data concerning the restaurant’s monthly revenues and costs appear below (q refers to the number of meals served): | |Formula | |Revenue
On average, how busy are the Customer Service Champions and the two Food Champions? ρ=Ratio of Total arrival rate to service rate for a single server λμ ρService=90120=75% ρFood=90200=45% 4. On average, how many cars do you expect to have in the drive-thru line? (Include those waiting to place orders and those waiting for food.) ∴ Ls (Average number in system (including any being served) = Ls (Service Champion) + Ls (Food Champion) =3+0.82=3.82 customers 5.
SAMPLE ACCOUNTING ISSUES MEMO Memorandum To: Flyaway.com accounting files From: Student Name Date: X/X/XXXX Re: Gross or Net Reporting of Online Ticket Sales Revenues Background Flyaway.com (“Flyaway” or the “Company”) sells airline tickets to customers through an online platform, where customers can choose the airline of their choice. Once a customer purchases a ticket, Flyaway remits payment for the travel to the airline and retains a commission (roughly 10% of the ticket’s value). The airlines set all ticket prices. If a flight is canceled, the airline must refund the customer. On the other hand, if the customer’s payment is invalid, Flyaway.com assumes credit risk.
The hotel estimate is $15,000.00 which includes a continental breakfast provided by the hotel. The meal expense for the training includes snacks, brunch and dinner. This expense is estimated to cost $6000.00. As the hotel reservations are being secured the location
They were founded in 1954 by James McLamore and David Edgerton. This fast food chain has been in business for over 50 years and spread across Europe. There are over 12,600 in the United States and more than 80 in other countries worldwide. Burger King states that more than 11 million guests enter the restaurants around the world daily. Burger King is the home of the Whopper as the website states and the prices of the food is low on an average of about seven dollars
Business | Inputs | Outputs | Restaurant | Number of tables, seating capacity | Number of meals served per day | Theater | Number of seats | Number of tickets sold per performance | Retail Sales | Square meters of floor space | Revenue generated per day | Measures of capacity Example: Efficiency- the ratio of actual output to effective capacity Capacity utilization- the ratio of actual output to design capacity Formula: Efficiency = Actual Output Effective capacity Utilization = Actual Output Design capacity Given the following information, compute the efficiency and the utilization of the vehicle repair department: Design capacity = 50 trucks per day Effective capacity = 40 trucks per day Actual output = 36 trucks per day Efficiency = 0 .9 x 100 = 90% Utilization = 0.72 x 100 = 72% Determinants of Effective Capacity A. Facilities – design, location, layout, environment B. Product/Service – design, product or service mix C. Process – quantity capabilities, quality capabilities D.
* The incentive here is the tax break; therefore saving money in the long run. * * Airlines will charge a fee for each additional suitcase you may want to take with you on a trip. Rational people think at the margin. * The more luggage you have the more margin the airline will get for your trip. * * * At a restaurant, when ordering an entrée, you get to choose two side dishes from a group of five side dishes.
BA 310 Term Paper Interim (weekly) Work Chapter #1: Write a 1-2 page paper on a selected airport. Include: Runway description (length, orientation, etc.) How many operations and enplanements Basic runway information (length, orientation) NPIAS classification Ownership/management structure. Identify one significant issue or problem? Use MDW 5010 “Master Record”, and FAA Passenger Data (see Course Documents for links) and an aerial.
The process flow can be applied to several industries. For the Swanky Hotel it is illustrated by their room service process. It first starts off with the manager answering the phone. After it is relayed to the kitchen and chefs prepare the order. If there are beverages (80% chance) the bartenders prepare them at the same time.
Question 1 Suppose you are considering whether to go to Paris with a group of classmates during your summer holidays. The round trip airfare from Hong Kong to Paris is $6000, but you can select to pay this airfare with a frequent-flyer coupon. All other relevant costs for the vacation in Paris are $10,000. The most you would be willing to pay for the Paris vacation is $19,000. This amount is your benefit of taking the vacation in Paris.