Chick-fil-A restaurants want to find out the lifetime value of their satisfied and highly satisfied consumers. A satisfied consumer visits Chick-fil-A 3 times a month and spends $9 each time. On average this type of consumer purchases products from Chick-fil-A for 4 years. A highly satisfied consumer visits Chick-fil-A 5 times a month and spends $12 during each visit. On average a highly satisfied consumer purchases products from Chick-fil-A for 8 years. Calculate the lifetime value of (i) a satisfied consumer; and (ii) a highly satisfied consumer (show your work step by step). What is the implication of this lifetime value calculation

Answers

Answer 1

Based on the number of visits to Chick-fil-A and the amount spent per visit, the following are true:

Lifetime value for satisfied customer = $1,296Lifetime value for highly satisfied customer = $5,760

What is the lifetime value for satisfied customers?

This can be found as:

= No. of visits per year x Number of years customer will purchase from Chick-fil-A x Amount spent per visit

= (3 visits per month x 12 months) x 4 years x 9

= $1,296

What is the lifetime value for Highly satisfied customers?

= No. of visits per year x Number of years customer will purchase from Chick-fil-A x Amount spent per visit

= 5 times a month x 12 months x 8 years x 12

= $5,760

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Related Questions

Lupita enters into a contract with Faith to purchase a used car. At the time they sign the contract, Lupita appears to be very intoxicated. Faith notices this but signs the contract anyway. If Lupita later decides she wants to get out of the contract:

Answers

Given that she was intoxicated at the time that she entered the contract, if she decides to pull out of the contract she  cannot get out of the contract if both of the parties signed it.

What is a contract?

This is an enforceable agreement that is made between two or more parties. For it to be a contract there has to be agreement and the signing of documents.

If Lupita has signed this document then it has to be enforced given that it has become valid.

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Daniel wanted to start his own small business. After spending his own money on marketing research, Daniel asked his friend Chase to be his accountant. They spent a few months writing a business plan, which then they presented to a bank. Daniel:

Answers

Given that Daniel spent months writing a business plan, this goes to show that Daniel understands the steps needed to start a small business.

What is a business plan?

This is a plan that shows the details of a business company. The document shows the objectives that the company has.

This document also tells how the business plans to go about achieving all the goals that it has set for itself.

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(all data in real $ bn). Assume a fixed price, open economy model with government. If AEx1440 + 0.62 Y, what is the equilibri
level of Y? (if needed, round to one decimal).
a. 3789.5
b. 2322.6
c. 1447.4
d. 1625.8
e. 3031.6

Answers

Answer:

a.3789.5

Explanation:

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The management team at Pass the Ketchup Brands has decided not to license its product because of concerns that this will create opportunities for another company to have access to their secret recipe. For this reason, the company decides that FDI is their best course of action. Which economic theory does their choice represent?

Answers

The economic theory the choice of management team at Pass the Ketchup Brands represent is known as internalization theory.

What is internalization theory?

Internalization theory is an economic theory that tends to protect companies' sole rights to their products. The theory gives protection to local industries who aim at having larger market share.

This is because when other companies know the secret or having access to their product make up, such might reduce their market share of that product.

Hence, the economic theory the choice of management team at Pass the Ketchup Brands represent is known as internalization theory.

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Which three statements help define a Market/Fit Hypothesis? (Choose three)

Answers

Explanation:

Are there enough customers? Will they pay for your solution? Who is the customer? What are their needs and wants?

Are enough people purchasing? Will your solution be paid for by them? Who are the clients? What are the people's wants and needs? defines a market/fit hypothesis.

What is Market/Fit Hypothesis?

Finding a strong value hypothesis is what product/market fit is. When you create a product that consumers want, you have achieved product/market fit. When you have the ideal answer to a problem that is worthwhile tackling, you have achieved product/market fit.

When customers evangelize about your product to others, you have achieved product/market fit.

The value hypothesis and the growth hypothesis are important to product-market fit. After you have determined how well your product and solution fit, you should examine product-market fit.

You can evaluate your idea's potential for growth in the present or future markets by using market fit. Identifying your consumer and the issue they are experiencing is key to finding a problem-solution fit. You can only create a solution that resolves an issue after identifying a customer and that problem.

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Kelly agrees to provide a two hour goat yoga class for Tara and Gabby for $20.00 each. An hour and 50 minutes into the lesson, Kelly misreads the clock and dismisses Tara and Gabby from the lesson. Can Tara and Gabby sue for breach of contract?

Answers

Tara and Gabby would not be able to sue Kelly for breach of contract if the court determines that 10 minutes less is not a material breach and Kelly acted in good faith.

Why would Tara and Gabby not be able to sue?

Kelly did not break the contract on purpose and instead acted in good faith based on what they perceived the time to be.

The 10 minutes that was denied Tara and Gabby were also not very significant and so might not warrant a material breach. If the court finds these two things to be the case then there is no breach of contract.

In conclusion, option A is correct.

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QUESTION 7 Jenkins Company had the following information for the year: Direct materials used$295,000 Direct labor incurred (9,000 hours)$245,000 Actual manufacturing overhead incurred$343,000 Jenkins Company used a predetermined overhead rate using an estimated overhead of $320,000 and 8,000 estimated direct labor hours. What is the total manufacturing cost allocated for the jobs during the year

Answers

The total manufacturing cost allocated for the jobs during the year is $900,000

What is manufacturing cost?

Manufacturing cost refers to the summation of all the indirect costs which are incurred while manufacturing a product.

First, determine the predetermined overhead

= Estimated overheads / Estimated direct labor hours

= $320, 000 / 8,000

= $40 per direct labor hour

Then,

Manufacturing overhead applied

= Actual direct labor hours * Pre determined overhead rate

= $40 * 9,000

= $360,000

Manufacturing cost

= Direct material used + Direct labor incurred + Manufacturing overhead applied

= $295,000  + $245,000 + $360,000

= $900,000

Hence, the total manufacturing cost allocated for the jobs during the year is $900,000

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a
Quantity demanded at a particular price is represented by an individual point on the
demand curve.
True
False

Answers

Answer:

true

Explanation:

at a particular point in price the quantity demanded is shown on a point in the demand curve. the demand curve shows the various prices and the quantity demanded at those price levels

When you are checking out at the grocery store, the machine asks whether you want to pay with your debit card or your credit card. You have both and more than enough money in your bank account to pay the bill. What is a disadvantage of paying with your credit card?


A. The money won't be taken from your bank account immediately.
B. You pay an extra fee to the grocery store if you use your credit card.
C. You will generally have several weeks to pay for what you've just bought.
D. You are running up debt whenever you use your credit card.

Answers

Answer: The most drawback is paying the interest. Which the answer is D

Explanation:  Credit cards tend to charge high interest rates, which can drag you deeper and deeper in debt if you're not careful.

why do people form group is forming a group accidental or spontaneous?​

Answers

Spontaneous of course

In 2011, the start of the National Basketball Association's season was delayed when the team owners and the
National Basketball players' Association, a union of players, could not agree to a contract. Why would NBA
players, who make huge salaries that average in the millions of dollars, want to belong to a labor union?
A. Because very few people know how to play basketball
B. To be able to bargain more effectively with team owners
C. To show their solidarity (togetherness) with other American workers
D. To get together socially during the off-season

Answers

B. To be able to bargain more effectively with team owners

The NBA players, who make huge salaries that average in the millions of  dollars, want to belong to a labor union and not agreed to a contract . So that to be able to bargain more effectively with team owners. Thus option (B) is correct.

What is a Contract?

A contract can be written or verbal agreement between two or more parties that includes terms and conditions, which creates a legal obligation on the parties of the contract.

The terms of a contract are enforceable by law, which properly defines penalties and remedies if there is breach of contract. A breach of contract is a failure, without legal excuse, to perform any parts of the contract.

So to bargain more effectively with team owners the NBA did not make a contract with the team owners because a contract is legally binding on the parties who makes contract with each other. Therefore option (B) is correct.

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which of these is a recent technology that a business information manager might evaluate and recommend to their boss

A. AI
B. Phishing
C. Ransomware
D. Talk boxes

Answers

i think it’s A. AI not sure tho

There is a recent technology that a business information manager might evaluate and recommend to their boss is Artificial Intelligence. Option A is correct.

What is artificial intelligence?

The replication of human intelligence functions by machines, particularly computer systems, is known as artificial intelligence. Expert systems, natural language processing, speech recognition, and machine vision are some examples of specific AI applications.

Further Artificial intelligence is founded on the idea that human intelligence can be described in a way that makes it simple for a computer to duplicate it and carry out activities of any complexity.

Artificial intelligence's objectives include imitating human cognitive function.

In almost every sector, artificial intelligence is influencing how people will live in the future.

Thus, It already serves as the primary force behind developing technologies like big data, robotics, and the Internet.

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Consider a risky portfolio. The end-of-year cash flow derived from the portfolio will be either $80,000 or $200,000, with equal probabilities of 0.5. The alternative riskless investment in T-bills pays 6%.

Required:
a. If you require a risk premium of 9%, how much will you be willing to pay for the portfolio?
b. What is the price you will be willing to pay now?

Answers

Answer:

Required:

a. If you require a risk premium of 9%, how much will you be willing to pay for the portfolio?

b. What is the price you will be willing to pay now?

free easy points


What are two of the most popular games of their genre like for example ( battle royale, Gacha, puzzle you catch my drift)? Also, list their sales il do one for you Gacha do the rest pls :)

Answers

Answer:

Open world, or RPG

Explanation:

Whats your favorite?

Green Planet Corporation has 6,000 shares of noncumulative 11% preferred stock with a $2 par value and 21,900 shares of common stock with a $0.01 par value. During its first two years of operation, Green Planet declared and paid the following total cash dividends. Year 1 total cash dividends $ 640 Year 2 total cash dividends 2,190 Compute the dividends paid each year to each of the two classes of stockholders assuming that the preferred stock is cumulative.

Year 1 total cash dividends $640
Year 2 total cash dividends $2,190

Answers

Preferred dividends = preferred shares x Par value of 1 preferred stock x Preferred dividend rate

Preferred dividend = 6000 shares x 11% x $2 = $1320

Total dividend paid in year 1= $640

Preferred stockholders will receive a cash dividend of $640 in the first year. Because preferred stocks are not cumulative, there will be no preferred stock divided in arrears in year 1.

Arrear of dividends = $1320 - $640 = $680

Total dividend in year 2 = $2190

Dividend paid on common stock in year 2 = dividend paid in year 2 - Annual preferred dividends

=> 2190 - 1320 = $870

Which of the following would NOT affect your FICO score?
A) Receiving an allowance from your parents B) Making a late payment on a credit card
C) Applying for a loan at a bank
D) Defaulting on a loan

Answers

D) Which is Defaulting on a loan!

Amar owes $2,000 on his credit card with a minimum percentage of 4% or a minimum payment of $60, whichever is higher. How much is the minimum payment due

Answers

Based on the information given the minimum balance that is due is $80.

Minimum balance

Using this formula

Minimum balance=Credit card amount ×Minimum percentage

Where:

Credit card amount=$2,000

Minimum percentage=4%

Let plug in the formula

Minimum balance=$2,000×4%

Minimum balance=$80

Inconclusion the minimum balance that is due is $80.

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For next year, By-Way has projected sales of $435,000, costs of $254,000, depreciation of $35,000, interest expense of $22,000, and taxes of $28,500. What is the amount of the projected operating cash flow

Answers

The amount of the projected operating cash flow is $152,500

What is operating  cash flow?

Operating Cash Flow (OCF) is what measure the amount of cash generated by a company's normal business operations in its day to day activities.

Operating Cash Flow (OCF) is computed below:

Projected sales 435,000

(-) Costs                 254,000

(-) Depreciation  35,000

Operating income  146,000

Operating income  146,000

(+) Depreciation  35,000

(-) Taxes                  28,500

Projected operating cash flow $152,500

Hence, Projected operating cash flow is $152,500

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Failure to address the three questions of economics will have what kind of impact on an economy?
O It will have no consequences.
It will help meet citizens' needs and wants.
O It will have negative consequences.
It will help contribute to the success of the society.

Answers

Answer:

It will have negative consequences

Explanation:

An economy must be able to follow their peoples demands and not be careless

Failure to address the three questions of economics will have an impact on an economy as Negative consequences. Thus the correct option is C.

What is the economy?

The economy of any country is determined by the ratio of production and consumption that takes place within a year and evaluates the flow of funds in the market by analyzing the purchasing parity of an individual.

What will manufacture, how will it be manufactured, and how will the output society creates be divided are the three economic questions that need to be addressed.

If these questions are not answered then the economy face negative consequence as unable to meet the demands of customers based on wants and needs.

If these questions are addressed then it will be easy to manage the resources and avoid scarcity in the market.

Therefore, option C is appropriate.

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5) Explain the difference between value analysis and value engineering.

Answers

Answer:

As cost avoidance or cost reduction before manufacturing, value engineering is strongly related to target costing. Value analysis is the process of avoiding or reducing the cost of a product that is already in production.

which of the following is true about goods and services

Answers

there is no following?

Janie started a business called Making Memories with Music. She recognized that music, socialization, and memory-challenging activities for senior citizens helped maintain their cognitive skills for longer periods of time. Though she strives for a financial gain, she uses the excess funds for enriching her programs instead of a personal profit. Making Memories with Music is best classified as a(n) ______ organization.

Answers

Janie's business "Making Memories with Music" can best be classified as a non-profit organization as it is focused on providing a social benefit rather than profitability for the owners.

Characteristics of a non-profit organization

Its main objective is to generate social and collective benefits for the public in a locality, and the financial income is used for reinvestment in the business and not for distribution to the owners.

Therefore, non-profit organizations have the advantage of being exempt from federal income taxes and contributing to social development in several areas.

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Mink Corporation purchases new office furniture for $7,200,000 on January 1, 2022. Mink estimates that the furniture has a $400,000 residual value and a useful life of 8 years. Mink uses the straight-line method to record depreciation. Assume that on January 1, 2026, after 4 years, Mink realizes that the machine remaining useful life is 10 years and residual value is $200,000. A depreciation schedule would show ________ depreciation expense for 2026.

Answers

In 2026, the deprecation schedule would show a depreciation expense of $360,000.

What would be the deprecation expense for 2026?

The first step is to determine the accumulated deprecation up until 2026.

Straight line depreciation expense = (Cost of asset - Salvage value) / useful life

($7,200,000 - $400,000) / 8 = $850,000

Accumulated depreciation = $850,000 x 4 = $3,400,000

Book value at the beginning of 2026 = $7,200,000 - $3,400,000 = $3,800,000

Deprecation expense = ($3,800,000 - $200,000) / 10 = $360,000

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Select all that is false about lien digital

Answers

Answer:

where are the options? give me the picture please

How does economics affect your life

Answers

Answer:

Economics affects our daily lives in both obvious and subtle ways. From an individual perspective, economics frames many choices we have to make about work, leisure, consumption and how much to save. Our lives are also influenced by macro-economic trends, such as inflation, interest rates and economic growth.

Explanation:

Please mark at brain least

The primary reason that governments develop workplace health and safety
regulations is to:
O protect employees from injury and illness.
O reduce the risk of employment discrimination.
O ensure that employees have access to insurance.
O prevent the breach of business information systems.

Answers

Answer:

o protect employees from illness and disease.

Explanation:

Which are examples of a person changing careers? Check all that apply.

a home insurance salesman decides to start selling home warranties instead

a farmer decides to start practicing real estate and selling local land

a biology teacher moves to teach the elective cooking classes for that school year

a factory worker who manufactures linens moves to a new factory that manufactures pencils

a crab fisherman decides to start a business maintaining local boats

Answers

Answer:

A c e

Explanation:

I got it right on the exam

Answer:

Explanation:

Which are examples of a person changing careers? Check all that apply.a home insurance salesman decides to start selling home warranties insteada farmer decides to start practicing real estate and selling local landa biology teacher moves to teach the elective cooking classes for that school yeara factory worker who manufactures linens moves to a new factory that manufactures pencilsa crab fisherman decides to start a business maintaining local boats

what is your ownership in a stock represented by

Answers

Answer:

A stock (also known as equity) is a security that represents the ownership of a fraction of a corporation. This entitles the owner of the stock to a proportion of the corporation's assets and profits equal to how much stock they own. Units of stock are called "shares."

Stocks are bought and sold predominantly on stock exchanges (though there can be private sales as well) and are the foundation of many individual investors' portfolios. These transactions have to conform to government regulations that are meant to protect investors from fraudulent practices. Historically, they have outperformed most other investments over the long run. These investments can be purchased from most online stockbrokers

Explanation:

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Bubba Golf, a manufacturer of golf clubs, can sell 3 drivers at $500 each. To sell 4
drivers, Bubba Golf must lower the price to $460 each. The marginal revenue of the
fourth club is
O $20.
O $60.
O $420.
O $520.

Answers

Based on the revenue of the other clubs and the new price, the marginal revenue for the 4th club is $420.

What is the marginal revenue for the fourth club?

Marginal revenue refers to the amount that a company makes when it sells an extra unit of a good or service.

The extra unit sold here will be the 4th club but because the selling price dropped, the marginal revenue will be lower than the selling price. The closest option to this is $420.

In conclusion, option C is correct.

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Suppose the manager of an ice cream store is trying to forecast the pounds of ice cream that they will sell based on what they have sold in past. A time-series trend equation is 25.3 2.1x. What is your forecast for period 7

Answers

Based on the information give your forecast for period 7 is 40.

Forecast for period 7

Given:

Time-series trend equation=25.3+2.1x

Period=7

Let x present period 7

Hence:

Forecast for period 7 =25.3 +2.1(7)

Forecast for period 7 =25.3 +14.7

Forecast for period 7 =40

Inconclusion your forecast for period 7 is 40.

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