Question
You are the owner of Vanessa's Lunch Bar and the figures below represent two months of trading. Study the data and answer the questions that
You are the owner of Vanessa's Lunch Bar and the figures below represent two months of trading.
Study the data and answer the questions that follow the information.
What could account for the revenue in Week 1 of Month 2 dropping by 20% compared to Month 1?
- If Total Transactions is used to calculate AVERAGE SPEND PER CUSTOMER, is this an accurate figure? Explain you answer.
- What factors may have contributed to a lower Average Spend per Customer in Month 2?
Step by Step Solution
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Step: 1
To analyze the factors that could account for the revenue in Week 1 of Month 2 dropping by 20 compared to Month 1 we need to examine the provided data First lets look at the figures for Week 1 of Mont...
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Step: 3
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Accounting concepts and applications
Authors: Albrecht Stice, Stice Swain
11th Edition
978-0538750196, 538745487, 538750197, 978-0538745482
