subject
Business, 04.03.2021 20:30 kbracey

You are the manager of a Sushi buffet restaurant. The current price for all you can eat sushi is $21++ per person during lunch period. On the entrance door there is a sign warning of no
wastages of food as wastages would be charged. You have done your research as most adult
would eat about 6 to 7 plates of sushi of about 2 pieces of sushi per plate during lunch. The menu
price per plate is $5 per plate if ordered separately from the buffet. The lunch period is 90 min
per table. The wastage to be charged would be equivalent to the $5 per plate.
You decide to improve the customers’ traffic into the restaurant and increase profits by having a
promotion. You propose that the buffet price would not be changed but offer each patron a piping
big bowl of ramen noodles for free as soon as the patrons are seated. The promotion attempts at
analyzing that patrons would most likely not wait for the noodles to get cold to eat them.
In your opinion, identify and explain the economic sense that is being applied here for the sushi
buffet restaurant?

ansver
Answers: 2

Another question on Business

question
Business, 22.06.2019 03:30
Tiana daniels enterprise’s trial balance as at december 31, 2016 did not balance. on february 15, 2017 the following errors were detected: errorsi. water rates had been undercast by $2, 000.  ii. a cheque paid to yvonne walch of $2, 680 had been posted to the credit side of her account.  iii. discount received total of $1, 260 had been posted to the debit side of the discount allowed account as $1, 620.  iv. rent paid in the amount of $24, 000 had been posted to the credit of the rent received account.  v. wayne returned goods valuing $1, 680 to daniels enterprise but had been completely omitted from the books.    required: 1. prepare the journal entries to correct the errors.  (narrations required)                    14.5 marks  2.    prepare the suspense account showing clearly the original trial balance error.          8 marks
Answers: 2
question
Business, 22.06.2019 09:40
As related to a company completing the purchase to pay process, is there an accounting journal entry "behind the scenes" when xyz company pays for the goods within 10 days of the invoice (gross method is used for discounts and terms are 2/10 net 30) that updates the general ledger?
Answers: 3
question
Business, 22.06.2019 16:00
In a perfectly competitive market, the long-run market supply curve tends to be horizontal or nearly so. what is another way to state this fact? (a) market supply is much more elastic in the long run than the short run. (b) in the long run, average total cost is minimized. (c) in the long run, price equals marginal cost. (d) market supply is much less elastic in the long run than the short run.
Answers: 1
question
Business, 22.06.2019 21:20
Which of the following best describes the advantage of living in a suburban area? a. suburbs give people access to city jobs along with more living space. b. suburbs give people easy access to cultural attractions and high-paying jobs. c. suburbs have the widest availability of low-cost housing of any living area. d. suburbs have the lowest population density of any living area.
Answers: 1
You know the right answer?
You are the manager of a Sushi buffet restaurant. The current price for all you can eat sushi is $2...
Questions
question
Mathematics, 15.02.2021 20:40
question
Mathematics, 15.02.2021 20:40
question
Advanced Placement (AP), 15.02.2021 20:40
question
Biology, 15.02.2021 20:40
question
Mathematics, 15.02.2021 20:40
Questions on the website: 13722367