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:

Automatic Perfection

A provision in secured transactions law where a security interest in collateral becomes legally effective and enforceable immediately upon attachment, without additional action required.

Fixture Filing

Fixture filing is a legal claim on personal property that has been attached or fixed to real estate in a manner that it is considered part of the real property.

Mechanic's Lien

A legal claim against a property for unpaid construction work or supplies, giving the contractor a right to secure payment.

Perfected Security Interest

A legal state where a creditor has taken all necessary steps required by law to enforce a security interest against the debtor's collateral in case of default.