Item 8Item 8 Rick's Cafe is a new restaurant in town. It has Rick, (the owner), five waitstaff, two cooks, a busboy, and a hostess. He is considering hiring a manager for the restaurant and asks for your thoughts. What advice would you give him?

Lauren runs a chili restaurant in San Francisco. Her total revenue last year was $110,000. The rent on her restaurant was $48,000, her labor costs were $42,000, and her materials, food and other variable costs were $20,000.

Technology guru Tim O'Reilly said this about the publishing industry: To adapt, publishers need to cannibalize their own business, experimenting with new forms, new formats, and new business models. This statement is consistent with: a.

consumers ina competative market are considered to be price takers because each tends to buy of the total amount of a produced good

Paris operates a talent agency as a sole proprietorship, and this year she incurred the following expenses in operating her talent agency.

How are consumer buying decisions related to successful financial management?

Hannah Roberts owns and operates Hannah's Pool Service Company. On January 1, Hannah Roberts, Capital had a balance of $309,170. During the year, Hannah invested an additional $22,040 and withdrew $39,010.

Q: Lisa sells 10 bottles of homemade ketchup for $10 each. The cost of the ingredients, the bottles, and the labels was $70. In addition, it took her 2 hours to make the ketchup and to do so she took time off from a job that paid her $10 per hour.

The following information was available to the accountant of Scarlet Co. when preparing the monthly bank reconciliation: Cash balance per bank statement $ 1,115 Cash balance per books (prior to reconciliation) 842 Outstanding check #643 642

Your business plan is a

Coupons and sales are frequently used marketing tactics for which form of competition?