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 134 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
YES! Correct, THANKS for helping me on my review


bimper21

  • Member
  • Posts: 309
Reply 3 on: Yesterday
Wow, this really help

 

Did you know?

Bisphosphonates were first developed in the nineteenth century. They were first investigated for use in disorders of bone metabolism in the 1960s. They are now used clinically for the treatment of osteoporosis, Paget's disease, bone metastasis, multiple myeloma, and other conditions that feature bone fragility.

Did you know?

Normal urine is sterile. It contains fluids, salts, and waste products. It is free of bacteria, viruses, and fungi.

Did you know?

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

Did you know?

Vaccines prevent between 2.5 and 4 million deaths every year.

Did you know?

Blastomycosis is often misdiagnosed, resulting in tragic outcomes. It is caused by a fungus living in moist soil, in wooded areas of the United States and Canada. If inhaled, the fungus can cause mild breathing problems that may worsen and cause serious illness and even death.

For a complete list of videos, visit our video library