Restaurants may be classified or distinguished in many different ways. The primary factors are usually the food itself (e.g. vegetarian‚ seafood‚ steak); the cuisine (e.g. Italian‚ Chinese‚ Indian‚ French‚ Thai) and/or the style of offering (e.g. tapas bar‚ a sushi train‚ a tastet restaurant‚ a buffet restaurant or a yum cha restaurant). Beyond this‚ restaurants may differentiate themselves on factors including speed (see fast food)‚ formality‚ location‚ cost‚ service‚ or novelty themes (such as
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The following per unit data apply for sales to regular customers: Direct materials $455 Direct labor 300 Variable manufacturing support 45 Fixed manufacturing support 100 Total manufacturing costs 900 Markup (60%) 540 Targeted selling price $1440 Grant’s Kitchens has excess capacity. Ms. Wang wants the cabinets in cherry rather than oak‚ so direct material costs will increase by $30 per unit. 72. For Grant’s Kitchens‚ what is the minimum acceptable price of this one-time-only
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upscale restaurant that will serve Indian gourmet cuisine. The third option is to open the restaurant with his aunt. Each option has positive and negative aspects‚ but when Sanjay compares them only the financial benefits are relevant. If Sanjay takes the job offered by the management consulting firm he would earn a salary of $80‚000 a year. If he decides to open the restaurant‚ he would face a different scenario. To figure out Sanjay’s salary he would have to take into account three variables: number
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IN A RESTAURANT WAITER: CAMARERO CLIENT: CLIENTE W: GOOD MORNING‚ CAN I HELP YOU? C: YES PLEASE‚ I’D LIKE A TABLE FOR ONE W: FOLLOW ME‚ PLEASE. HERE IS THE MENU C: THANK YOU. I’D LIKE FOR STARTER A BIG SALAD W: WHAT WOULD YOU LIKE FOR MAIN COURSE? C: I’D LIKE FISH & POTATOES‚ AND FOR DESSERT A BIG APPLE CAKE W: WHAT WOULD YOU LIKE TO DRINK? C: I’D LIKE A WHITE WINE W: OK.‚ THEN‚ A BIG SALAD‚ FISH & POTATOES‚ A BIG APPLE CAKE AND A GLASS/ A BOTTLE OF WHITE WINER ************ C: CAN I HAVE THE BILL
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Chapter 1 Prices‚ Discount Factors‚ and Arbitrage STARTING WITH COUPON BONDS • Three aspects: In May 2010 the U.S. Treasury sold a bond with – a coupon rate of 2 % and – a maturity date of May 31‚ 2015 – a payment frequency of two a year‚ six months apart s of May 31‚ 2015” • This bond is called “ Coupon rate 9/5/2013 Coupon frequency‚ “s” is for “semi‐annual” L. Wu maturity 2 Cash Flow of the Bond • The unit for bond purchasing is $1‚000. • Suppose that an investor purchases $1m face
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The Lafayette Restaurant-Francais PRESENTATION OF PRICING AND MARKETING A DINNER MENU Who we are Introduction Lafayette Restaurant-Francais is a cozy French cuisine restaurant situated a few hundred yards away from Chicago Millennium park. We offer a specially selected variety of French & European dishes and wines to the citizens of Chicago and the World. Explore the fabulous regions of France. The light and landscape which has inspired grand masters and modern artists
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Assumptions made: 1. In the case we were given 4 positions‚ we took into consideration the Total Cost to Company (TCC) for each position to decide upon the hierarchy in organization XYZ. The hierarchy is shown in the descending order below: Job Positions | Total Cost to Company | Head Finance | 3746 | General Manager- Finance | 2251 | Senior Manager Finance & Accounts | 1063 | Manager Finance & Accounts | 0526 | 2. We assumed that the post of the Senior Manager Finance
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Measuring haemodynamic variables using different techniques and examining the effects of diving reflex‚ isometric muscle contraction and psychological stress on these variables. Introduction Haemodynamics is the study of factors that determine the movement of blood (Widmaier et al‚ 2011). The main haemodynamic factors are heart rate and blood pressure. Heart rate is defined as the number of times the heart contracts per minute. Normal resting heart rate in adults ranges between 60 – 100 beats
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Types of Variables Binary variable Obsevations (i.e.‚ dependent variables) that occur in one of two possible states‚ often labelled zero and one. E.g.‚ “improved/not improved” and “completed task/failed to complete task.” Categorical Variable Usually an independent or predictor variable that contains values indicating membership in one of several possible categories. E.g.‚ gender (male or female)‚ marital status (married‚ single‚ divorced‚ widowed). The categories are often assigned numerical
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reviews affect restaurant demand? I investigate this question using a novel dataset combining reviews from the website Yelp.com and restaurant data from the Washington State Department of Revenue. Because Yelp prominently displays a restaurant ’s rounded average rating‚ I can identify the causal impact of Yelp ratings on demand with a regression discontinuity framework that exploits Yelp‟s rounding thresholds. I present three findings about the impact of consumer reviews on the restaurant industry: (1)
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