Refer to Scenario 9

question 319

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. The restaurant is making ________ economic profits per week.

Definitions:

Ladder Rung

Another term for a level or step in ladder logic programming, where conditions and outputs are structured in a manner resembling rungs on a ladder.

Input Instructions

Commands or codes in a program that are used to read and process data from external sources.

Output Instruction

A command in programming or PLC operations that controls the output of data or signals to external devices.

Motor Start

Motor start refers to the process or the set of actions initiated to begin the operation of an electric motor. This can involve mechanisms like direct on-line starters or soft starters to manage electrical load and torque.