Refer to Scenario 9

question 128

Multiple Choice

Refer to Scenario 9.3 below to answer the question(s) that follow.
SCENARIO 9.3: Investors put up $520,000 to construct a building and purchase all equipment for a new restaurant. The investors expect to earn a minimum return of 10 per cent on their investment. The restaurant is open 52 weeks per year and serves 900 meals per week. The fixed costs are spread over the 52 weeks (i.e. prorated weekly) . Included in the fixed costs is the 10% return to the investors and $1,000 per week in other fixed costs. Variable costs include $1,000 in weekly wages and $600 per week for materials, electricity, etc. The restaurant charges $5 on average per meal.
-Refer to Scenario 9.3. Total revenue per week is

• A) $3,000.
• B) $4,000.
• C) $4,500.
• D) $8,100.

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Definitions:

Factor Analysis

A statistical method used to describe variability among observed, correlated variables in terms of a potentially lower number of unobserved, independent variables.

Statistical Measure

Quantitative tools used to summarize or describe a set of observations, often used to support conclusions or inferences about a wider population.

Freud's Psychoanalysis

A therapeutic approach and theory of psychopathology founded by Sigmund Freud, emphasizing unconscious processes and conflicts.

Clinical Setting

A healthcare environment where patient care is provided, including hospitals, clinics, and private practice offices, focusing on diagnosis, treatment, and prevention of diseases.