For a Fast-Food Restaurant,the Average Waiting Time Can Be Formulated

question 90

Multiple Choice

For a fast-food restaurant,the average waiting time can be formulated as ________.

• A)
• \(\frac{\text {[(average number of customers) }\times \text { (average serving time)}^2]}{2 \times \text {[serving capacity - (avg. no. of customers }\times \text { avg. serving time)]}}\)
• B)
• \(\frac{[\text { ( average number of customers )} \times \text { average serving time } ^ { 2 } )]}{ \text {(serving capacity - (avg. no. of customers }\times \text{avg. serving time)}}\)
• C)
• \(\frac{\left[(\text { average customers per hour }) \times(\text { average serving time })^{2}\right]}{60 \text { minutes }}\)
• D)
• \(\frac{\text {[(average customers per hour) X (average serving time )}}{\text {(60 minutes) X (number of workers) }}\)

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Definitions:

Long-Term Capital Gains

Profits from the sale of an asset held for more than a specified period, typically taxed at a lower rate than short-term gains.

Dividends

Payments made by a corporation to its shareholder members, typically from profits or reserves.

Ordinary Income

Income earned from conducting standard business operations, as opposed to capital gains or investment income.

Straight Line

In finance, often refers to a method of depreciation where an asset's value decreases evenly over its useful life.