Review Decision Case 1 (Steve and Linda Hom) starting on page 984 of your text. In your initial post, answer the two case questions:In addition, address the following in one to two paragraphs:CASE 1:Steve and Linda Horn live in Bartlesville, Oklahoma. Two years ago they visited thailand. Linda, a professional chef was impressed with the cooking methodsand the spicesused in the thai food. Bartlesville does not have a thai resturaunt, and the Horn\’s are contemplating opening one. Linda would supervise the cooking, and Steve would leave his current jobto be the maitre d\’. The resturaunt would serve dinner Tuesday – Saturday. Steve has noticed a resturaunt for lease. The resturaunt has 7 tables, each of which can seat 4. Tables can be moved together for a large party. Linda is planning 2 seatings per evening, and the resturaunt will be open 50 weeks a year. THE HORNS HAVE DRAWN UP THE FOLLOWING ESTIMATES; Average revenue including beverages and dessert…………………………………….$ 45 per mealAverage cost of food……………………………………………………………………………….$ 15 per mealChef\’s and dishwashers salaries……………………………………………………………….$ 61,200 per yearRent (premises, equipment)……………………………………………………………………..$ 4,000 per monthCleaning (linen and premises)…………………………………………………………………..$ 800 per monthReplacement of dishes, cutlery, and glasses………………………………………………$ 300 per monthUtilities, advertising, telephone………………………………………………………………….$ 2,300 per month
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