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2 years ago

The invention of the _____ is what distinguished modern restaurants from predecessor food service operations.

1 answer:

5 0

The invention of restaurant foods is what distinguished modern restaurants from predecessor food service operations.

<h3>What is meant by food service operations?</h3>

An establishment that serves meals designed to be served in individual quantities for a fee or a mandated donation is known as a food service operation. Restaurants, nursing homes, hospitals, prisons, coffee shops, and candy stores are a few examples of FSO.

Controlling food expenditures is essential for a successful restaurant, which is why food service management is so important. FSMs assist firms in remaining profitable by training staff on serving and preparation standards, maintaining a careful inventory of stock, and identifying various sources for the most affordable ingredients.

The earliest signs of the food service sector date around 3000 BC during the Sumerian era. The majority of the time, temples and palaces served food. They hired chefs, who prepared meals for the aristocracy and visitors.

The invention of restaurant foods is what distinguished modern restaurants from predecessor food service operations.

To learn more about food service operations refer to:

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The Arnold National Bank has a bond portfolio that consists of bonds with 5 years to maturity and a 9% coupon rate. These bonds

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Answer:

6.01%

Explanation:

We use the RATE formula to determine the yield to maturity that is shown in the attachment

Given that,

Present value = $1,126

Assuming figure - Future value or Face value = $1,000

PMT = 1,000 × 9% = $90

NPER = 5 years

The formula is shown below:

= Rate(NPER,PMT,-PV,FV,type)

The present value come in negative

Therefore, the yield to maturity is 6.01%

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An overwhelming amount of homework

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4 years ago

Generally Accepted Accounting Principles (GAAP) are not routinely used in health care organizations. Group of answer choices Tru

Masja [62]

Answer:

False

Explanation:

Generally Accepted Accounting Principles (GAAP) standards are used by health care organizations, specially large health care corporations since the Securities and Exchange Commissions (SEC) requires that all publicly traded corporations must follow GAAP standards. Even public hospitals use their own modified version of GAAP, which has been adapted to them specifically.

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4 years ago

1. Determine the price of the bonds issued on February 1, 2021. 2-a. Prepare amortization schedules that indicate Cromley’s effe

larisa [96]

Answer:

The question is missing the first part:

On February 1, 2021, Cromley Motor Products issued 6% bonds, dated February 1, with a face amount of $65 million. The bonds mature on January 31, 2025 (4 years). The market yield for bonds of similar risk and maturity was 8%. Interest is paid semiannually on July 31 and January 31. Barnwell Industries acquired $65,000 of the bonds as a long-term investment. The fiscal years of both firms end December 31.

1. Determine the price of the bonds issued on February 1, 2021.

the market value of each bond:

PV of face value = $1,000 / (1 + 4%)⁸ = $730.69
PV of coupon payments = $30 x 6.7327 (PV annuity factor, 4%, 8 periods) = $201.98

market price per bond = $932.67

2-a. I used an excel spreadsheet since there is not enough room here: Cromley Motors PDF

2-b. Again I used an excel spreadsheet since there is not enough room here:

3. February 1, 2021, bonds issued at a discount

Dr Cash 60,623,550

Dr Discount on bonds payable 4,376,450

Cr Bonds payable 65,000,000

4. Cromley's records:

July 31, 2021, first coupon payment

Dr Interest expense 2,424,942

Cr Cash 1,950,000

Cr Discount on bonds payable 474,942

January 31, 2022, second coupon payment

Dr Interest expense 2,443,940

Cr Cash 1,950,000

Cr Discount on bonds payable 493,940

July 31, 2022, third coupon payment

Dr Interest expense 2,463,697

Cr Cash 1,950,000

Cr Discount on bonds payable 513,697

January 31, 2023, fourth coupon payment

Dr Interest expense 2,484,245

Cr Cash 1,950,000

Cr Discount on bonds payable 534,245

Barnwell's records:

July 31, 2021, first coupon payment

Dr Cash 1,950

Dr Discount on bonds payable 2,425

Cr Interest revenue 475

January 31, 2022, second coupon payment

Dr Cash 1,950

Dr Discount on bonds payable 494

Cr Interest revenue 2,444

July 31, 2022, third coupon payment

Dr Cash 1,950

Dr Discount on bonds payable 514

Cr Interest revenue 2,464

January 31, 2023, fourth coupon payment

Dr Cash 1,950

Dr Discount on bonds payable 556

Cr Interest revenue 2,484

Download pdf

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3 years ago

Eve's Apples opened business on January 1, 2016, and paid for two insurance policies effective that date. The liability policy w

sammy [17]

Answer:

The balance in Eve's prepaid insurance as of December 31, 2016 is $18,000

Explanation:

The computation of the balance of prepaid insurance is shown below:

= Per month policy one amount × total number of months in a year + Per month policy one amount × total number of months in a year

where,

Per month liability policy amount = Insurance amount ÷ given months

= $36,000 ÷ 18 months

= $2,000

Per month crop damage policy amount = Insurance amount ÷ given months

= $12,000 ÷ 24 months

= $500

Now put these values to the above equation

So, the value would equal to

= ($2,000 × 12 months) ÷ 12 months + $500 × 12 months

= $12,000 + $6,000

= $18,000

For computing the December 2016, we divided the 12 months from the liability policy

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3 years ago