George Webb Restaurant Collects on the Average $5 Per Customer

question 9

Multiple Choice

George Webb Restaurant collects on the average $5 per customer at its breakfast & lunch diner.Its variable cost per customer averages $3,and its annual fixed cost is $40,000.If George Webb wants to make a profit of $20,000 per year at the diner,it will have to serve__________ customers per year.

• A) 10,000 customers
• B) 20,000 customers
• C) 30,000 customers
• D) 40,000 customers
• E) 50,000 customers

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Definitions:

Ethical Beliefs

Principles and values that guide the distinction between right and wrong behavior.

Professional Responsibility

The ethical and legal obligations of professionals to act in the best interests of their clients, patients, or customers, and to uphold the standards of their profession.

State Board of Nursing

A regulatory body responsible for the licensure, regulation, and discipline of nurses within a particular state or territory.

Termination

The act of ending employment or discontinuing a process or activity.