Reference no: EM132191058

1. June's ending inventory was $28,000, and the ending inventory for July is $32,000. The cost of goods sold for July was $120,000. What was the inventory turnover rate for the month of July?

A. 2

B. 4

C. 6

D. 3

2. Last Saturday night, a neighborhood bar had 500 customers; 100 customers purchased beer, 250 bought spirits, and 150 bought wine. The percentage of customers that bought wine is

A. 15%.

B. 20%.

C. 30%.

D. 50%.

3. Managers who continually assess how their actions will affect their customers are

A. client focused.

B. customer related.

C. customer-centric.

D. customer targeted.

4. Monitoring bartenders should be a priority for managers in their efforts to prevent employee theft because bartenders

A. have the most access to both product inventory and revenue.

B. don't earn much, so they need to steal.

C. are naturally sloppy and waste products.

D. are shady characters.

5. One drink-related reason that there are so many glass shapes is that the glass a beverage is served in influences the

A. the shape of the ice.

B. the amount of soda that can be combined with the drink.

C. color of the wine.

D. quality of the drink.