Typical payment card fees range from 10-15% of the total amount charged on the payment card.
Blog
The two major threats to revenue security in a food service…
The two major threats to revenue security in a food service operation are external threats and
An operation had sales of $39,000 in an accounting period. T…
An operation had sales of $39,000 in an accounting period. The operation’s food cost for the period was 38 percent. The operation spent $6,000 on meat in the period. What was the operation’s meat cost percentage for the period?
An operation experiences cashier shortages that average $50….
An operation experiences cashier shortages that average $50.00 per day. If the operation is open 360 days per year, what will be this operation’s annual revenue loss due to cashier shortages?
Which type of menu item should be removed from the menu if m…
Which type of menu item should be removed from the menu if managers use matrix analysis to evaluate their menus based on item popularity and contribution margin?
When an operation reaches its break-even point the operation…
When an operation reaches its break-even point the operation’s revenue will equal its
Counterfeit money used by guests to pay their bills will be…
Counterfeit money used by guests to pay their bills will be honored as legal currency by banks.
Last month an operation generated $100,000 in food sales and…
Last month an operation generated $100,000 in food sales and $40,000 in beverage sales. The operation had a cost of sales for food of $35,000. What was the operation’s food cost percentage last month?
With which type of payment card is a user’s purchase amount…
With which type of payment card is a user’s purchase amount automatically transferred from the user’s bank account to the entity issuing the payment card?
A manager implements a policy that requires bartenders to re…
A manager implements a policy that requires bartenders to record all drink sales prior to making drinks. What is the revenue control task this policy directly addresses?