subject
Business, 08.07.2019 16:10 starsinopoli13

Ricardo has just taken over his parents' restaurant. he knows after working there for many years that one of the major concerns among employees is competitive pay. specifically, ricardo's servers think that they are paid less than servers in similar restaurants. to investigate this issue, ricardo employs a company that specializes in gathering data about pay rates for similar positions across the state. the company provides ricardo with the following box-and-whisker plot. ricardo's goal is to provide his servers with competitive pay compared to other restaurants in the state. he currently pays his servers hourly rates ranging from $8.50 to $11.50, depending on experience and seniority. his median server pay is $8.83. based on what he sees in the plot above, which of the following is an appropriate conclusion for ricardo? a. ricardo's median is consistent with the state median. ricardo should leave his servers' pay as it is. b. most of ricardo's servers are paid more than the state median. ricardo should leave his servers' pay as it is. c. ricardo's minimum, maximum, and median are all significantly less that those of the state. ricardo should increase his servers' pay. d. almost half of other servers across the state make more than the highest paid of ricardo's servers. ricardo should increase his servers' pay. select the best answer from the choices provided a b c d

ansver
Answers: 2

Another question on Business

question
Business, 22.06.2019 03:20
The treasurer for pittsburgh iron works wishes to use financial futures to hedge her interest rate exposure. she will sell five treasury futures contracts at $139,000 per contract. it is july and the contracts must be closed out in december of this year. long-term interest rates are currently 7.30 percent. if they increase to 9.50 percent, assume the value of the contracts will go down by 20 percent. also if interest rates do increase by 2.2 percent, assume the firm will have additional interest expense on its business loans and other commitments of $149,000. this expense, of course, will be separate from the futures contracts. a. what will be the profit or loss on the futures contract if interest rates increase to 9.50 percent by december when the contract is closed out
Answers: 1
question
Business, 22.06.2019 22:10
jackie's snacks sells fudge, caramels, and popcorn. it sold 12,000 units last year. popcorn outsold fudge by a margin of 2 to 1. sales of caramels were the same as sales of popcorn. fixed costs for jackie's snacks are $14,000. additional information follows: product unit sales prices unit variable cost fudge $5.00 $4.00 caramels $8.00 $5.00 popcorn $6.00 $4.50 the breakeven sales volume in units for jackie's snacks is
Answers: 1
question
Business, 22.06.2019 23:50
When a market is in equilibrium, the buyers are those with the willingness to pay and the sellers are those with the costs.
Answers: 2
question
Business, 23.06.2019 02:10
Make or buy eastside company incurs a total cost of $120,000 in producing 10,000 units of a component needed in the assembly of its major product. the component can be purchased from an outside supplier for $11 per unit. a related cost study indicates that the total cost of the component includes fixed costs equal to 50% of the variable costs involved. a. should eastside buy the component if it cannot otherwise use the released capacity? present your answer in the form of differential analysis. use negative sign represent a net disadvantage answer; otherwise do not use negative signs with your answers. cost from outside supplier $answer variable costs avoided by purchasing answer net advantage (disadvantage) to purchase alternative $answer b. what would be your answer to requirement (a) if the released capacity could be used in a project that would generate $50,000 of contribution margin? use negative sign represent a net disadvantage answer; otherwise do not use negative signs with your answers.
Answers: 2
You know the right answer?
Ricardo has just taken over his parents' restaurant. he knows after working there for many years tha...
Questions
question
Chemistry, 18.03.2021 18:10
question
Mathematics, 18.03.2021 18:10
question
Mathematics, 18.03.2021 18:10
question
Mathematics, 18.03.2021 18:10
question
Mathematics, 18.03.2021 18:10
question
Mathematics, 18.03.2021 18:10
Questions on the website: 13722367