This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Managers estimate food costs by estimating expenses for a future period and dividing that amount by ... (Read 123 times)

berenicecastro

  • Hero Member
  • *****
  • Posts: 581
on: Aug 20, 2020

Question 1

Last year a restaurant spent 35% of their revenue on their cost of food. Their food sales forecast for the coming year is $987,673. What will be their budget for the coming year for food cost?
◦ $345,685.55
◦ $350,487.32
◦ $356,823.54
◦ $347,567.87

Question 2

Managers estimate food costs by estimating expenses for a future period and dividing that amount by the amount of anticipated sales. This method of estimating food costs is known as the
◦ percentage of sales method.
◦ cost of sales method.
◦ simple markup method.
◦ average cost method.
ManageFirst: Controlling Foodservice Costs ¦ National Restaurant Association ¦ 2nd Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by berenicecastro on Aug 20, 2020

heinisk01

  • Sr. Member
  • ****
  • Posts: 329
Reply #1 on: Aug 20, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 64% of students answer this correctly


berenicecastro

  • Member
  • Posts: 581
Reply 2 on: Aug 20, 2020
Great answer, keep it coming :)

patma1981

  • Member
  • Posts: 292
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

Despite claims by manufacturers, the supplement known as Ginkgo biloba was shown in a study of more than 3,000 participants to be ineffective in reducing development of dementia and Alzheimer’s disease in older people.

Did you know?

Dogs have been used in studies to detect various cancers in human subjects. They have been trained to sniff breath samples from humans that were collected by having them breathe into special tubes. These people included 55 lung cancer patients, 31 breast cancer patients, and 83 cancer-free patients. The dogs detected 54 of the 55 lung cancer patients as having cancer, detected 28 of the 31 breast cancer patients, and gave only three false-positive results (detecting cancer in people who didn't have it).

Did you know?

The most dangerous mercury compound, dimethyl mercury, is so toxic that even a few microliters spilled on the skin can cause death. Mercury has been shown to accumulate in higher amounts in the following types of fish than other types: swordfish, shark, mackerel, tilefish, crab, and tuna.

Did you know?

When Gabriel Fahrenheit invented the first mercury thermometer, he called "zero degrees" the lowest temperature he was able to attain with a mixture of ice and salt. For the upper point of his scale, he used 96°, which he measured as normal human body temperature (we know it to be 98.6° today because of more accurate thermometers).

Did you know?

Although the Roman numeral for the number 4 has always been taught to have been "IV," according to historians, the ancient Romans probably used "IIII" most of the time. This is partially backed up by the fact that early grandfather clocks displayed IIII for the number 4 instead of IV. Early clockmakers apparently thought that the IIII balanced out the VIII (used for the number 8) on the clock face and that it just looked better.

Diagram of the food chain Diagram of the food chain
Percentages of adolescents indicating Benefits and Costs of employment. Percentages of adolescents indicating Benefits and Costs of employment.
Selected Vitamins: Food Sources, Functions, and Deficiency and Toxicity Symptoms Selected Vitamins: Food Sources, Functions, and Deficiency and Toxicity Symptoms
Food Labels Provide Nutrient Content Information Food Labels Provide Nutrient Content Information
Vitamins Found Widely in the Food Groups Vitamins Found Widely in the Food Groups
Nearly all the food that you consume originates on a farm Nearly all the food that you consume originates on a farm
Video: Neural regulation of blood pressure - baroreceptor and chemoreceptor reflexes

For a complete list of videos, visit our video library