What was the food cost percentage

Assignment Help Accounting Basics
Reference no: EM132487476

Question - The Beacon Drive Inn had food sales of $45,000, an opening inventory of $8,000, purchases of $13,000 and an ending inventory of $9,000. What was the food cost percentage?

Reference no: EM132487476

Questions Cloud

What advantages does action research hold for a classroom : What advantages does action research hold for a classroom teacher? Provide an example of action research in the classroom setting.
Identify the principles of effective copywriting : Using Resources to provide specific examples and evidence, identify the principles of effective copywriting that achieves defined objectives.
Describe the ways in accounting for healthcare organizations : Describe the ways in which accounting for healthcare organizations, especially not-for-profits, tend to differ from accounting in other industries
Demonstrate a connection to your desired work environment : Provide a reflection of at least 500 words (or 2 pages double spaced) of how the knowledge, skills, or theories of this course have been applied.
What was the food cost percentage : An opening inventory of $8,000, purchases of $13,000 and an ending inventory of $9,000. What was the food cost percentage
Election of president trump : Discuss how you could understand the sweeping political changes that have taken place and are currently taking place since the election of President Trump.
What should be budget for total cash collections in december : The same pattern of cash collections as in previous months, what should be budgeted for total cash collections in December in IHA's cash budget?
Discuss the company and its approach to big data analytics : This week's article provided a case study approach which highlights how businesses have integrated Big Data Analytics with their Business Intelligence to gain.
How the essential activities of healthcare administration : Describe how the essential activities of healthcare administration such as workplace safety, compliance plans, strategic planning, risk management

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd