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a restaurant or foodservice operation to benefit from supplier discount In this verification process , a purchasing agent first matches the purchase order with the
a restaurant or foodservice operation to benefit from supplier discount In this verification process , a purchasing agent first matches the purchase order with the purchase invoice to ensure that the invoiced amount is correct . If the by signing off on it . If there are any variances in the invoice , the purchasing amount is correct and the products have arrived , the agent approves the invece should request a credit memo to account for these adjustments . Once the in tain good supplier relations food cost and increase flow 7. Describe the steps in verifying the receipt of goods and services, is approved, it is posted on the accounting system for payment processing APPLICATION EXERCISE C. Credit Card Sales and Fees Total credit card charges: 51,867.30 Credit card commission: 3% Total deposit expected: ? Based on the previous information, answer the following questions: 1. How much is the discrepancy between food items charged to guests and food items issued by the kitchen? 2. How many T-bone steaks are sold to guests during the Saturday night shift? 3. Calculate the T-bone steak sales for the shift at $20 per steak. The general manager of Tasty Grill is reviewing the revenue report for the Saturday night shift. The report is summarized in three sections (A, B, and C): A. Guest Charges and Sales Total amount for guest checks: $2,356.45 Total amount of food ms charged to guests: $1,852.55 Total amount of food items issued by kitchen: $1,790.30 Total T-bone steak sales: $390.00 B. T-Bone Steaks Sold Inventory Beginning inventory for T-bone steaks: 63 Ending inventory for T-bone steaks: 38 Usage Number of returned T-bone steaks by guests: 2 Number of burned/overcooked T-bone steaks: 2 Number of steaks sold: ? 5 4. Compare your T-bone steak sales figure with steak sales in section A. Report any discrepancies. 5. What percentage of total shift sales come from credit card sales? 6. How much is the total deposit expected from credit card charges? 278 a restaurant or foodservice operation to benefit from supplier discount In this verification process , a purchasing agent first matches the purchase order with the purchase invoice to ensure that the invoiced amount is correct . If the by signing off on it . If there are any variances in the invoice , the purchasing amount is correct and the products have arrived , the agent approves the invece should request a credit memo to account for these adjustments . Once the in tain good supplier relations food cost and increase flow 7. Describe the steps in verifying the receipt of goods and services, is approved, it is posted on the accounting system for payment processing APPLICATION EXERCISE C. Credit Card Sales and Fees Total credit card charges: 51,867.30 Credit card commission: 3% Total deposit expected: ? Based on the previous information, answer the following questions: 1. How much is the discrepancy between food items charged to guests and food items issued by the kitchen? 2. How many T-bone steaks are sold to guests during the Saturday night shift? 3. Calculate the T-bone steak sales for the shift at $20 per steak. The general manager of Tasty Grill is reviewing the revenue report for the Saturday night shift. The report is summarized in three sections (A, B, and C): A. Guest Charges and Sales Total amount for guest checks: $2,356.45 Total amount of food ms charged to guests: $1,852.55 Total amount of food items issued by kitchen: $1,790.30 Total T-bone steak sales: $390.00 B. T-Bone Steaks Sold Inventory Beginning inventory for T-bone steaks: 63 Ending inventory for T-bone steaks: 38 Usage Number of returned T-bone steaks by guests: 2 Number of burned/overcooked T-bone steaks: 2 Number of steaks sold: ? 5 4. Compare your T-bone steak sales figure with steak sales in section A. Report any discrepancies. 5. What percentage of total shift sales come from credit card sales? 6. How much is the total deposit expected from credit card charges? 278
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