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Author Question: Some restaurateurs elect to lease, rather than buy, some types of advanced equipment such as ... (Read 122 times)

justinmsk

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on: Aug 10, 2018
Some restaurateurs elect to lease, rather than buy, some types of advanced equipment such as point-of-sale (cashiering) systems and office computers. Why do you think leasing these items may make more sense than buying them outright?
 
  What will be an ideal response?

Question 2

Describe major requirements of federal and state compensation laws.
 
  What will be an ideal response?


Jbrasil

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Reply #1 on: Aug 10, 2018
Answer to Question 1

This question is designed to focus the student's attention on the cash-related advantages of leasing rather than buying some types of restaurant equipment. This question specifically identifies technology-related equipment because this is a good example of restaurant equipment that changes rapidly and thus could be a good candidate for leasing rather than buying.

Answer to Question 2

The federal minimum wage law falls under the Fair Labor Standards Act (FLSA). Most employees must be paid a minimum wage plus overtime for any time worked over 40 hours per week.

Many states also have applicable laws. When employees are subject to both state and federal minimum wage laws, they are entitled to the greater benefit. States also administer workers' compensation and unemployment compensation programs. These have significant impacts on an operation's costs, and managers must know and carefully follow laws regulating these programs that apply to them.


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