finance in hospitality

EX B-1: The Kluzinskic Cafe is a 100-seat restaurant oriented to family dining. Selected information is provided from operations in four short scenarios; Required: Answer the question for each scenario: 1. The cafe had a beginning food inventory of 58,000 and an ending food imentory of $10,000 for 20x2. The imventory turnover was 24, and emplojee food expense was 13,000 for the year. What was the total cost of food sold? 2. The cafe had food sales during lune 20x2, of $60,000, of which 40 percent were during hunch. If the cate was open 26 days during the month and the average seat tumover was 1.5 per lunch period, what was the ayerage lunch food senvice check? 3. The cafe's cost of food sold percentage was 34 percent during April 2002. Total food sales in April were s80,000. The cost of employee meals for April totaled s200. What was the cost of food used? 4. The cost of food sold during July totaled $30,000. The beginning food inventory equaled $9,000 and the food inventory tumover was 3.1 times. if the cost of employee meals was $300 for the month, what was the ending food inventory? EX B-1: The Kluzinskic Cafe is a 100-seat restaurant oriented to family dining. Selected information is provided from operations in four short scenarios; Required: Answer the question for each scenario: 1. The cafe had a beginning food inventory of 58,000 and an ending food imentory of $10,000 for 20x2. The imventory turnover was 24, and emplojee food expense was 13,000 for the year. What was the total cost of food sold? 2. The cafe had food sales during lune 20x2, of $60,000, of which 40 percent were during hunch. If the cate was open 26 days during the month and the average seat tumover was 1.5 per lunch period, what was the ayerage lunch food senvice check? 3. The cafe's cost of food sold percentage was 34 percent during April 2002. Total food sales in April were s80,000. The cost of employee meals for April totaled s200. What was the cost of food used? 4. The cost of food sold during July totaled $30,000. The beginning food inventory equaled $9,000 and the food inventory tumover was 3.1 times. if the cost of employee meals was $300 for the month, what was the ending food inventory