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1 year ago

What segment of the foodservice industry is characterized by limited menus, fast service, and modest prices?

1 answer:

4 0

The segment of the food service industry is characterized by limited menus, fast service, and modest prices in Quick-service restaurants.

<h3>What is meant by the food service industry?</h3>

Any business that serves meals to customers outside of their homes falls under the umbrella of the food service industry. This comprises eating establishments, takeout businesses, cafeterias, university dining halls, catering and vending businesses, inns, and motels, as well as rehabilitation and retirement facilities.

An essential component of the American economy is the food service sector. These businesses depend on food service managers (FSMs) to manage expenses, maintain client satisfaction, and guarantee efficient operations on a daily basis.

Commercial food service operations' major objectives are to serve customers food and drinks for a profit and produce satisfying guest experiences. Fast-food and full-service restaurants, pubs and nightclubs, catering and banquet facilities, and outlets for recreation and leisure are among these businesses.

Quick-service restaurants are a subset of the food service sector that are distinguished by small menus, quick service, and affordable rates.

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1 year ago

At the end of a reporting period, ABC determines that its ending inventory has a cost of $300,000 and a net realizable value of

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Answer:

Decrease total assets and net income.

Explanation:

There is an inventory write down because the value of inventory has decreased. The net realizable value of inventory is less than its cost.

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As a result of the write down, inventory would decrease. Inventory is part of total assets. Thus, total assets would decrease

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According to the given situation, the computation of retained earning in the year end is shown below:-

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