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8. Kathy, the general manager, was shocked to discover that the thief in her successful seafood restaurant was Dan, her own dining room supervisor. Dan
8. Kathy, the general manager, was shocked to discover that the thief in her successful seafood restaurant was Dan, her own dining room supervisor. Dan had used his detailed knowledge of weaknesses in the POS data monitoring system Kathy had designed to void legitimate sales after the fact and thus defraud the restaurant out of an average of $800.00 in revenue per day, every day, for the past six months. When finally confronted, Dan confessed to the thefts, citing a gambling problem as the reason for his actions. The information below details Kathy's reported revenue, food cost, labor cost, other costs, and profit for the past 180 days. Calculate the potential financial performance in dollars and percentages her restaurant would have achieved had it not been for Dan's actions. (Spreadsheet hint: Food Cost, Labor Cost, and Other Costs will be the same for Actual Sand Potential.) (18 points) STS Kathy Restaurant romance Revo Stolen Actu Here 1000 Fond Cost 20 Libero Other Conte Profit A. How much profit in dollars did Kathy lose because of Dan's fraudulent activities (difference between potential and actual)? B. How much profit percent did Kathy lose because of Dan's fraudulent activities (difference between potential and actual)? C. List three things that Kathy could have done to minimize the potential for Dan's illegal activity 9. Erica is the Special Events Coordinator of a large hotel, and she is reviewing her end of event reports after a wedding reception she has just managed. The bride and groom had planned on 300 guests, and they only wanted champagne and wine served. Based on an average of 3 drinks consumed per guest and an average of 5 drinks served per bottle, Erica had estimated the number of bottles she should serve for the reception. Below is the report that her banquet captain prepared on actual bottles used at the reception. The actual number of attendees at the reception was 250 guests. (17 points)
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