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 34 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!


rachel

  • Member
  • Posts: 323
Reply 3 on: Yesterday
Wow, this really help

 

Did you know?

Green tea is able to stop the scent of garlic or onion from causing bad breath.

Did you know?

Fatal fungal infections may be able to resist newer antifungal drugs. Globally, fungal infections are often fatal due to the lack of access to multiple antifungals, which may be required to be utilized in combination. Single antifungals may not be enough to stop a fungal infection from causing the death of a patient.

Did you know?

Fewer than 10% of babies are born on their exact due dates, 50% are born within 1 week of the due date, and 90% are born within 2 weeks of the date.

Did you know?

Complications of influenza include: bacterial pneumonia, ear and sinus infections, dehydration, and worsening of chronic conditions such as asthma, congestive heart failure, or diabetes.

Did you know?

Each year in the United States, there are approximately six million pregnancies. This means that at any one time, about 4% of women in the United States are pregnant.

For a complete list of videos, visit our video library