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

Author Question: Describe procedures used by restaurant and foodservice managers to develop and use two important ... (Read 84 times)

joesmith1212

  • Hero Member
  • *****
  • Posts: 549
Describe procedures used by restaurant and foodservice managers to develop and use two important operating tools: policies and procedures.
 
  What will be an ideal response?

Question 2

Demonstrate the calculation of beverage cost of goods sold (COGS).
 
  What will be an ideal response?



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Joy Chen

  • Sr. Member
  • ****
  • Posts: 354
Answer to Question 1

Policies help managers make consistent decisions about issues that occur frequently. Policies should have a clear purpose. When practical, a team effort to develop policies is useful.

Procedures tell how to correctly perform a task. When possible, they should be developed with team input. Standard operating procedures (SOPs) should be easy to understand and should consider the knowledge and skills required to perform the task. Policies and procedures should be carefully written, featured in employee training, and kept current.

Answer to Question 2

A manager's calculation of COGS for a time period is a multistep process that begins by adding the value of beginning inventory to purchases made in the time period. The resulting number is the value of goods available for sale. To that number, managers subtract the value of any transfers from the bar and add the value of transfers to the bar. The resulting final number is the cost of goods sold.




joesmith1212

  • Member
  • Posts: 549
Reply 2 on: Aug 10, 2018
Excellent


TheDev123

  • Member
  • Posts: 332
Reply 3 on: Yesterday
Wow, this really help

 

Did you know?

As many as 28% of hospitalized patients requiring mechanical ventilators to help them breathe (for more than 48 hours) will develop ventilator-associated pneumonia. Current therapy involves intravenous antibiotics, but new antibiotics that can be inhaled (and more directly treat the infection) are being developed.

Did you know?

Not getting enough sleep can greatly weaken the immune system. Lack of sleep makes you more likely to catch a cold, or more difficult to fight off an infection.

Did you know?

You should not take more than 1,000 mg of vitamin E per day. Doses above this amount increase the risk of bleeding problems that can lead to a stroke.

Did you know?

The first war in which wide-scale use of anesthetics occurred was the Civil War, and 80% of all wounds were in the extremities.

Did you know?

It is believed that humans initially contracted crabs from gorillas about 3 million years ago from either sleeping in gorilla nests or eating the apes.

For a complete list of videos, visit our video library