What is the correct formula to determine the food & beverage cost?
a. Inventory at the beginning of the period plus purchases during the period less inventory at the end of the period
b. Inventory at the end of the period plus purchases during the period less inventory at the beginning of the period
c. Inventory at the beginning of the period less purchases during the period plus inventory at the end of the period
d. Inventory at the end of the period less purchases during the period plus inventory at the beginning of the period
e. Inventory at the beginning of the period plus purchases during the period less inventory at the end of the period less inventory purchased last two years.
Question 2
What circumstances can occur that cause overtime pay to be seen as an unavoidable necessity rather than supervisory oversight?
a. Emergency coverage is needed for unforeseen volume of business
b. Employees are required to find own coverage when unable to come in
c. Employee consistently volunteers to work closing shifts, lengthening hours
d. Only one or two employees will agree to cover when someone calls out
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