« previous next »

Author Question: Pour cost is an important financial figure used for controlling costs. What is it? What is meant by ... (Read 69 times)

K@

  • Hero Member
  • *****
  • Posts: 608
on: Aug 10, 2018
Pour cost is an important financial figure used for controlling costs. What is it? What is meant by making sense of pour cost ?
 
  What will be an ideal response?

Question 2

Sufficient cash must be available to meet current expenses. What should be done with remaining cash?
 
  A) It should be in a bank, to generate interest
  B) Stored in a safe in the back of the restaurant
  C) It should be invested in a mutual fund to make money


jgranad15

  • Sr. Member
  • ****
  • Posts: 345
Reply #1 on: Aug 10, 2018
Answer to Question 1

Knowing cost percentages is only reading half of a story; more information is needed in order to make informed financial decisions. The trending rise or fall of pour cost percentage from previous terms is more important than simply knowing the actual percentage itself. A pour cost of 16 could be cause for elation or alarm depending on its relationship to previous performance. One of the challenges with pour cost is deciding what to compare it against in order to know if percentages are in line. Managers should compare their ACTUAL cost percentages to their DESIRED (or optimal) cost percentages. One other solution is to simply look at the average industry pour costs or at previous annual cost percentages.

Answer to Question 2

A


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Glaucoma is a leading cause of blindness. As of yet, there is no cure. Everyone is at risk, and there may be no warning signs. It is six to eight times more common in African Americans than in whites. The best and most effective way to detect glaucoma is to receive a dilated eye examination.

Did you know?

Oxytocin is recommended only for pregnancies that have a medical reason for inducing labor (such as eclampsia) and is not recommended for elective procedures or for making the birthing process more convenient.

Did you know?

Sperm cells are so tiny that 400 to 500 million (400,000,000–500,000,000) of them fit onto 1 tsp.

Did you know?

Liver spots have nothing whatsoever to do with the liver. They are a type of freckles commonly seen in older adults who have been out in the sun without sufficient sunscreen.

Did you know?

Malaria mortality rates are falling. Increased malaria prevention and control measures have greatly improved these rates. Since 2000, malaria mortality rates have fallen globally by 60% among all age groups, and by 65% among children under age 5.

front muscle figure front muscle figure
Demonstrate the Application of Triangular, Figure-Eight, and Tubular Bandages Demonstrate the Application of Triangular, Figure-Eight, and Tubular Bandages
Typical Startup Cost Categories Cont. Typical Startup Cost Categories Cont.
Does It Cost More to Eat Healthy? Does It Cost More to Eat Healthy?
Calculation of the Value of Depletion for the 14 Most Important Minerals Calculation of the Value of Depletion for the 14 Most Important Minerals
Figure and Ground Figure and Ground
Video: Renal Failure

For a complete list of videos, visit our video library