choose the best option for making up the loss on revenue and explain why it's...
80.2K
Verified Solution
Question
Accounting
choose the best option for making up the loss on revenue and explain why it's the best Choice.
Option 1: Food Stands Currently, there are five concepts of food stands, including: hot dogs, soft pretzels, turkey legs, sandwich wraps, and funnel cakes. This approach will double the existing number of food stands across the park by adding two more of each food stand concept-six of which will concentrate in areas near the construction zone. Each stand will cost approximately $5,000 to purchase and get up and running. Option 2: Space Themed Food Trucks This approach would be something totally new for Ad Astra Adventures and will include adding four park-owned food trucks serving different space-themed cuisines (burgers, pizza, tacos, and dumplings). Each truck would cost around $30,000 upfront, have 3-5 options on the menu and require three employees to run. A handful of tables would be available near each truck for visitors to use. Option 3: Deluxe Vending Machines While popular in Asia and parts of Europe, deluxe vending machines are still somewhat novel to an American audience, Going this route will entail adding two vending areas to the park, each housing eight vending machines (costing close to S10,000 ), that offer a variety of street foods from across the world. One of the vending areas will be located near the construction zone, and the other will be located more centrally within the park between The Lignum Express and We Come in Peace. Food for the machines would be cooked in the kitchen of the closed-off restaurant by a total of three cooks servicing both locations and refilled as needed by one staff member from each vending area. One other employee would be stationed on-site, full time at each location to assist customers. \begin{tabular}{|l|l|l|l|} \hline & Food Stands & Food Trucks & Deluxe Vending Machines \\ \hline Average Ticket Per Person & $14.50 & $20.67 & $13.30 \\ \hline Average \# of Customers Per Day & 320 & 175 & 63 \\ \hline Average Turnaround Time (Minutes) & 5 & 12 & n/a \\ \hline Staff Size Per Location & 2 & 3 & 3.5 \\ \hline \end{tabular}


Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
- Unlimited Question Access with detailed Answers
- Zin AI - 3 Million Words
- 10 Dall-E 3 Images
- 20 Plot Generations
- Conversation with Dialogue Memory
- No Ads, Ever!
- Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Best
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.