This topic contains a solution. Click here to go to the answer

Author Question: Restaurant managers are responsible for the numbers; however, in many large-volume operations, ... (Read 55 times)

Tazate

  • Hero Member
  • *****
  • Posts: 532
Restaurant managers are responsible for the numbers; however, in many large-volume operations, accountants develop recordkeeping systems, collect the information, summarize it and report it to owners and managers.
 
  What type of initial and ongoing communication between the manager and the accountant is necessary to define terms (what elements will be included and excluded from food and beverage costs, for example) and to interpret what the numbers mean?

Question 2

Some of the most famous late harvest wines come from
 
  a. California
 b. Australia
 c. Germany
 
  d. Oregon



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

voltaire123

  • Sr. Member
  • ****
  • Posts: 301
Answer to Question 1

Cooperation between a manager and the accountant is absolutely critical. There must be an agreed upon definition of how cost of goods sold for food and beverage is determined. As well, restaurant managers should recognize that accountants are in a staff specialist position so they provide advice to but do not make decisions for managers.

Many accountants understand the basics of financial accounting but not some of the nuances of restaurant accounting such as procedures to calculate cost of goods sold, inventory values, and employee meals, among many others. Wise restaurant managers do not delegate full responsibility for the interpretation of financial information to accountants. Instead, accept input from them and work together to resolve problems and make decisions.

Answer to Question 2

C




Tazate

  • Member
  • Posts: 532
Reply 2 on: Aug 10, 2018
Excellent


abro1885

  • Member
  • Posts: 337
Reply 3 on: Yesterday
Gracias!

 

Did you know?

Disorders that may affect pharmacodynamics include genetic mutations, malnutrition, thyrotoxicosis, myasthenia gravis, Parkinson's disease, and certain forms of insulin-resistant diabetes mellitus.

Did you know?

Signs and symptoms of a drug overdose include losing consciousness, fever or sweating, breathing problems, abnormal pulse, and changes in skin color.

Did you know?

Many of the drugs used by neuroscientists are derived from toxic plants and venomous animals (such as snakes, spiders, snails, and puffer fish).

Did you know?

Asthma occurs in one in 11 children and in one in 12 adults. African Americans and Latinos have a higher risk for developing asthma than other groups.

Did you know?

If you could remove all of your skin, it would weigh up to 5 pounds.

For a complete list of videos, visit our video library