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?
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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?
For what type of payment cards are usage fees so high that m…
For what type of payment cards are usage fees so high that many operators do not accept them for the payment of guest bills?
A manager utilizes contribution margin matrix analysis to ev…
A manager utilizes contribution margin matrix analysis to evaluate a menu. What would be a good marketing strategy to use on an item the manger finds is very popular but has a low contribution margin?
A criticism of using the contribution margin method of menu…
A criticism of using the contribution margin method of menu analysis is that it tends to favor higher-priced menu items over lower-priced menu items.
What is an example of a controllable fixed expense in a food…
What is an example of a controllable fixed expense in a foodservice operation that also serves alcoholic beverages?
Last month a manager’s operation achieved $60,000 in food sa…
Last month a manager’s operation achieved $60,000 in food sales and $40,000 in beverage sales. The manager’s cost of sales for food was $15,000 and cost of sales for beverages was $8,000. What was the manager’s cost of sales percentage for food last month?
How many different menu item classifications will result if…
How many different menu item classifications will result if managers evaluate their menu items’ popularity and food cost percentages by using a two factor matrix analysis?
In most food service operations, when actual revenue is lowe…
In most food service operations, when actual revenue is lower than budgeted revenue, the operations’ fixed cost percentages