What Is the Formula Managers Use to Calculate Their Average

question 33

Multiple Choice

What is the formula managers use to calculate their Average Sales Per Guest?

• A) Total Sales x Number of Guests Served = Average Sales per Guest
• B) Total Sales ÷ Number of Guests Served = Average Sales per Guest
• C) Number of Guests Served x Check Average = Average Sales per Guest
• D) Number of Guests Served ÷ Total Sales = Average Sales per Guest

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Definitions:

Excess Reserves

The amount of reserves that a bank holds beyond the minimum required by regulation or central bank policy.

Decrease Deposits

A reduction in the amount of funds deposited in banks or financial institutions, often indicating a shift in savings or investment strategies.

Excess Reserves

The reserves that banks hold over and above the legal requirement set by the central bank, available to lend or invest.

Income-producing Assets

Assets that generate revenue over time, such as rental properties, stocks, or bonds.