The Owner of Touchdown Sports Bar Wants to Develop a Time

question 137

Multiple Choice

The owner of Touchdown Sports Bar wants to develop a time standard for the task of mixing a specialty cocktail. In a preliminary study, he observed one of his bartenders perform this task seven times with an average of 90 seconds and a standard deviation of 5 seconds.
What is the normal time for this task if the bartender worked at a 20 percent faster pace than is average?

• A)75 seconds
• B)90 seconds
• C)108 seconds
• D)110 seconds
• E)112.5 seconds

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Definitions:

Realized Gain

Profit from the sale of an asset or investment when the selling price exceeds the original purchase price.

Ordinary Income

Income earned through standard operations, including wages, salaries, commissions, and interest income, typically taxed at normal rates.

Schedule C

A document sole proprietors utilize to declare their business earnings and deductions to the IRS.

Form 1040

The typical form distributed by the Internal Revenue Service (IRS) for individuals to use when filing their yearly tax returns on income.