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 58 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
Gracias!


billybob123

  • Member
  • Posts: 336
Reply 3 on: Yesterday
Great answer, keep it coming :)

 

Did you know?

There are actually 60 minerals, 16 vitamins, 12 essential amino acids, and three essential fatty acids that your body needs every day.

Did you know?

Egg cells are about the size of a grain of sand. They are formed inside of a female's ovaries before she is even born.

Did you know?

Nitroglycerin is used to alleviate various heart-related conditions, and it is also the chief component of dynamite (but mixed in a solid clay base to stabilize it).

Did you know?

The Romans did not use numerals to indicate fractions but instead used words to indicate parts of a whole.

Did you know?

The heart is located in the center of the chest, with part of it tipped slightly so that it taps against the left side of the chest.

For a complete list of videos, visit our video library