Accounting is important to determine the profitability of a restaurant. Briefly describe the following terms: (a) Controllable

Question:

Accounting is important to determine the profitability of a restaurant. Briefly describe the following terms:
(a) Controllable expenses
(b) Uniform system of accounts
(c) Prime cost

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Introduction to Hospitality

ISBN: 978-0132814652

6th edition

Authors: John R. Walker

See More Books

Question Posted: Sep 09, 2015 04:08 AM

See More Questions

What is the point- of- sales system, and why is a control system important for a restaurant operation?
List and explain features that distinguish managed services operations from commercial ones.
1. How should Jane handle being short a cashier and a dishroom person at breakfast? 2. What should Jane do with the food in the defective refrigerator? Should the food that is measured to be above 40...
Molly earns a gross yearly salary of $132,676. She has no dependent children and made the following tax deductible purchases: Charitable contributions: $5,401 Student loan interest: $1,429 When she...
Why did Novo believe that its cost of capital was too high compared to its competitors? Why did Novos relatively high cost of capital create a competitive disadvantage?
Outline your beverage control system. AppendixLO1
Manage time effectively
Brazos Valley, Inc. (BVI), a medical device manufacturing firm, has a small systems staff that designs and writes BVIs customized software. Until recently, BVIs transaction data were transmitted to...
For the year ended Dec 31, 2020, King Inc. reported pretax accounting income of $800,000. Select information is listed below: 1) In 2019, the company purchased a piece of equipment with a cost of...
The following is the statement of financial position of WW Associates as at 31 December 2008: During 2009, the following transactions took place: 1 The owners withdrew equity in the form of cash of...
Explain the purpose of suggestive selling. What characteristics make up a good server?
What are the differences between the back of the house and the front of the house?
Mankota Company's purchasing manager, Fernando Garza, is preparing a purchases budget for the next quarter. At his request, Ruben Carpenter, the manager of the sales department, forwarded him the...
Write a Program to Remove the Vowels from a String
A measure useful in evaluating the efficiency in managing inventories is: a. inventory turnover. b. days in inventory. c. either the inventory turnover or days in inventory. d. None of the answer...
What is a make-or-buy decision?
Indicate those items for which generally accepted accounting principles require disclosure in notes accompanying the financial statements. (More than one answer may be correct.) a. A large lawsuit...
Define initial capital requirements. How can you determine these?
What are the five Cs of credit, and how do lenders use them?
What are the differences between debt funds and equity funds?
Relate PSA (Public Securities Association) speed to the average life of a MBS. Describe the PSA measure and discuss which MBS would have the greater average life, one with a PSA of 100 or one with a...
Which of the following statement about swaps is least accurate? A. In a plain vanilla interest rate swap, the notional principal is swapped. B. The default problem [i.e. default risk] is the most...
7. How much would be in your savings account in nine years after depositing $340 today if the bank pays 9 percent per year? (Do not round intermediate calculations. Round your answer to 2 decimal...

Accounting is important to determine the profitability of a restaurant. Briefly describe the following terms: (a) Controllable

Question:

Step by Step Answer:

a Controllable expenses are all expenses management can control They incl...View the full answer

Introduction to Hospitality

Students also viewed these Management Leadership questions