On Monday, a Manager's Operation Generated Revenue of $1,200

question 25

Multiple Choice

On Monday, a manager's operation generated revenue of $1,200. The manager served 100 guests, used 25 total hours of labor, and had a labor cost of $300. What were the manager's sales per labor hour on Monday?

• A) $48.00
• B) $50.00
• C) $52.00
• D) $54.00

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Definitions:

Operating Activities

Comprises the primary activities of a business that relate to providing goods and services, generating revenue, and paying expenses.

Comparative Balance Sheet

A financial statement that presents a company's financial position at different points in time side-by-side to assess changes in assets, liabilities, and equity.

Cash Dividend

A cash dividend is a payment made by a company to its shareholders, typically from its profits, in the form of cash or electronic funds transfer.

Financing Activities

Transactions and events involving changes in equity and debt in the financial structure of a company, such as issuing shares or taking loans.