We are planning to have 2000 customers each generating 100 USD revenue for a total revenue of 200000 USD (per day) We actually had 1800 customers each generating 180 USD What is the variance What is the impact of this variance due to change of customers number What is the change of revenue from each customer What measure do you propose to bring it close to the planned number

The Answer is in the image, click to view ...

Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Oct 02, 2024

We are planning to have 2000 customers each generating 100 USD revenue for a total revenue of 200000 USD (per day). We actually had 1800

We are planning to have 2000 customers each generating 100 USD revenue for a total revenue of 200000 USD (per day).

We actually had 1800 customers each generating 180 USD.
What is the variance?
What is the impact of this variance due to change of customers number?
What is the change of revenue from each customer?
What measure do you propose to bring it close to the planned number?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Christian Case For Bitcoin

Authors: Dr Patrick C. Melder

1st Edition

979-8201772208

More Books

Students also viewed these Finance questions

Question

★★★★★

In following question find A ( B. 1. A = {1, 2, 4, 5} and B = {2, 3, 4, 5} 2. A = {a, e, i, o, u} and B = {a, b, c, d} 3. A = ( and B = {1, 2, 3, 4} 4. A = {x: x is a natural number greater than 5}...

Answered: 1 week ago

Question

★★★★★

31. LO.1 In 2012, Juan entered into a contract to write a book. The publisher advanced Juan $50,000, which was to be repaid out of future royalties. If the book was not completed by the end of 2013,...

Answered: 1 week ago

Question

★★★★★

What are they doing well?

Answered: 1 week ago

Question

★★★★★

A tanning parlor located in a major shopping center near a large New England city has the following history of customers over the last four years (data are in hundreds of customers and months are the...

Answered: 1 week ago

Question

★★★★★

We are planning to have 2000 customers each generating 100 USD revenue for a total revenue of 200000 USD (per day). We actually had 1800 customers each generating 180 USD. What is the variance? What...

Answered: 1 week ago

Question

★★★★★

The following histograms represent the scores of two groups of students taking the same mathematics examination. One group studied the course in a residential school while the second studied at home....

Answered: 1 week ago

Question

★★★★★

Five years ago, David borrowed $300,000 to purchase a house in Sandy Lake. At the time, the quoted rate on the mortgage was 8 percent, the amortization period was 25 years, the term was 5 years, and...

Answered: 1 week ago

Question

★★★★★

Great Nuggets finds that there is a clear gender difference in the demand for their chocolates. Men have very little price sensitivity and tend to buy whatever the sales clerk recommends. Women, on...

Answered: 1 week ago

Question

★★★★★

In problems 4 and 5, evaluate the integral using a table of integrals. Indicate which formula dx 1 4. .dx 5. x(x+16) you use.

Answered: 1 week ago

Question

★★★★★

Tyare Corporation had the following inventory balances at the beginning and end of May: May 1 May 30 Raw materials $ 29,000 $ 37,000 Finished Goods $ 78,500 $ 73,000 Work in Process $ 17,000 $ 17,039...

Answered: 1 week ago

Question

★★★★★

A decision maker is working on a problem that requires her to study the uncertainty surrounding the payoff of an investment. There are three possible levels of payoff, i.e., $1,000, $5,000, and...

Answered: 1 week ago

Previous Question Next Question