Show:
Shady Business
Inventory
Controlling Costs
Terminology
Menus
100
What is a delivery schedule where the driver has access to his own key to the establishment?
key drop delivery
100
What helps achieve uniformity in commercial laws that go across state lines?
Uniform Commercial Code
100
What does the number on a #16 portion scoop mean?.
you can get 16 scoops from a quart
100
What is the term that describes a different mark up rate for different menu items?
mark up differentiation
100
what is a plow horse
Items that sell well but have a low profit for the business?
200
What is documentation following the movement of food from one department to another?
a transfer
200
how do you calculate cost of goods sold?
(opening In + Purchases)-closing Inv.
200
How often should your inventory turn over each week?
1-2 times
200
What is the term that describes the quality requirements that you have for the items that your business purchases?
product specification
200
What is a menu item that is low in popularity, but high in profit?
a puzzle
300
What employee activity costs employers an average of $4,860 per year?
nibbling snacking
300
What is the average price method to evaluate the value of inventory?
cost of food available/number of units available
300
How do you calculate Average Daily Food Cost?
food cost/number of days in the period
300
What is a budget for high dollar items that are rarely purchased?
capitol expenditure budget
300
What is a menu item that is low in popularity and low in profit?
a dog
400
What is a dishonest act by two or more people?
collusion
400
What is the number of units you have multiplied by the unit cost?
extended price
400
What is a theoretical accounting of goods received by a business?
perpetual inventory
400
what is labor cost?
The total of all costs that an employer must pay for all employees
400
What is the term for the cost of small ingredients, like salt catsup, etc?
Q factor
500
What is an examination of a business's accounts?
audit
500
how do you calculate inventory turnover rate?
Cost of Food Sold / Average inventory
500
What is the document given to the receiver by the delivering vendor?
invoice
500
What is the overall total cost that an employer has to pay for employees
What is Labor Cost
500
what is menu engineering
Tracking all the variables that estimate a menu's profitability