Respuesta :
Answer: The seasonal relatives is calculated are as follows:
Step-by-step explanation:
Given that,
restaurant only open from Wednesday to Saturday,
- 29 percent of its business on Friday
- 31 percent on Saturday night
- 21 percent on Thursday night.
∴ The remaining 19% of its business he does on Wednesday
Now, suppose that total production of sales in a given week be 'y'
So, average sales in a week = [tex]\frac{y}{4}[/tex]
If we assume that y = 1
hence, average sales in a week = [tex]\frac{1}{4}[/tex]
= 0.25
Now, we have to calculate the seasonal relatives,
that is,
= [tex]\frac{Sales in a given day}{average sales in a week}[/tex]
Wednesday:
= [tex]\frac{0.19}{0.25}[/tex]
= 0.76
Thursday:
= [tex]\frac{0.21}{0.25}[/tex]
= 0.84
Friday:
= [tex]\frac{0.29}{0.25}[/tex]
= 1.16
Saturday:
= [tex]\frac{0.31}{0.25}[/tex]
= 1.24
