Question
Which of the following questions is false? a. If inventory turnover rate is increasing, the quantity of menu items purchased will increase. b. In April,
Which of the following questions is false?
a.
If inventory turnover rate is increasing, the quantity of menu items purchased will increase.
b.
In April, food sales in Coquitlam Grill totalled $14,120. If the inventory recorded on March 31 was $4,284 and the ending inventory in April was $3,322, the inventory turnover rate in Coquitlam Grill in April was 3.7 (rounded to one decimal point).
c.
If inventory turnover rate in May in Coquitlam Grill is higher than in April, the quantities of menu items purchased in May will be lower than in April.
d.
If inventory turnover rate is decreasing, the quantities of menu items purchased automatically decrease.
True or false: if employee meals are subtracted from Cost of Food Sold, the result will be Cost of Food Consumed.
a.
True
b.
False
There are 10 items on the menu. What is the Q-box value in percentage on the menu engineering worksheet if the average popularity score is 70%?
a.
.007%
b.
7%
The following is the information (in dollars) that Maria Stevens, the Coquitlam Grill manager had for April 2023. Please find out the Monthly Cost of Sales. Show the full calculation and round all results to two decimal places.
Opening Inventory 7,414.80
Purchases 17,642.80
Closing Inventory 6,327.35
Cooking liquor 443.00
Bar snacks 226.00
Employees' meals 837.00
Maria Stevens is preparing beverages order to be placed with one of the BC Liquor stores. The Coquitlam Grill where she works is using the perpetual beverage inventory control method. What should be the reorder quantity for Canadian Whisky if the par stock is 116 bottles, delivery takes 6 days, the daily usage is 5 bottles and the desired safety factor is or 1.5? Show the full calculation.
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