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svp [43]
3 years ago
8

Technological improvements have made it possible to do a restaurant’s food cost percentage in about _____________ of the time it

used to take and with more accuracy.
Business
2 answers:
oksano4ka [1.4K]3 years ago
5 0

Answer: one-third

Explanation: technological improvements in the areas of point-of-sale (POS) systems for table service restaurants, table management systems, home delivery, frequent dining and gift card programs, inventory control systems, and menu management systems etc. have changed the way restaurants process and monitor transactions. This has greatly reduced the time it takes in calculating the food cost percentages of restaurants which is now done in about one-third of the time it takes previously. Restaurant technology also provides management with the right information at the right time resulting in fewer costly mistakes, better forecasting, higher productivity, and improved marketing know-how. Nowadays, large volumes of paperwork are replaced with computer generated reports that reveal previously hidden dynamics. This has so far ensured they compete effectively in markets of today as well as that of tomorrow.

EleoNora [17]3 years ago
3 0

Answer: One-third

Explanation:

The impact of technology in our everyday life cannot be understated. Technology has made life easier by simplifying our work lives and personal lives. In the restaurant industry, technological terms such as artificial intelligence, mobile apps, smart devices etc are now common in the industry.

Technology helps in making work easier. This can be noticeable in knowing the food cost percentage of a restaurant. Through technology, the food cost percentage of a restaurant can now be known in one third of the time used before technology came into place.

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In a planned economy, prices of commodities are controlled by _________.
GalinKa [24]

The correct answer is C. The government

Explanation:

The key feature of a planned economy is the strong influence and control of government in the economy. Indeed, in a planned economy it is the government the entity that decides on trade and production, this includes the prices of goods and the types of products that should be manufactured. Moreover, this does not occur in market economies because in these customers, produces and the law of supply/demand determine factors of the economy. According to this, in a planned economy prices are controlled by government.

4 0
3 years ago
Failure to adequately plan for retirement can result in
frutty [35]
I believe the answer is 'D. Additional Taxes'

Hope this helps.
5 0
3 years ago
On May 1, 2021, Ziek Corp. declared and issued a 10% common stock dividend. Prior to this dividend, Ziek had 200000 shares of $1
Alenkinab [10]

Answer:

B) did not change.

Explanation:

Stock dividend is the payment of dividend to stockholder in the form of stock/shares of the company. Stock are issued at the market price and the value of the dividend is transferred from the retained earning to the add-in-capital accounts.

Dividend Value = 200,000 x 10% x 25 = $500,000

Par Value of Stocks = $1 x 20,000 = $20,000

Add-in-capital excess of par common stock = ($25-$1) x 20,000 = $480,000

Following entry will be recorded

Dr. Retained earning                                              $500,000

Cr. Common Stock                                                 $20,000

Cr. Add-in-capital excess of par common stock  $480,000

As all of the accounts are equity accounts and decrease in one equity account and increase in another equity account will not change the total stockholders equity value.

3 0
3 years ago
Assume Joe Harry sells his 25 percent interest in Joe's S Corp., Inc., to Tyrone on January 29. Using the daily allocation metho
labwork [276]

Answer:

$68,875

Explanation:

Calculation of how much income does Joe Harry report Using the daily allocation method

Since on January 1 to January 29 a total of $3,467,500 was earned in which we as well assumed that Joe Harry sells his 25% interest in Joe's S Corp., Inc., to Tyrone on that same January 29,This means we have to divide the total amount earned by the numbers of days in a year which is 365 days, then multiply it by both 29days(January 1 to January 29) and the 25% Interest.

Hence,

($3,467,500/365 days) × 29 days × 25%

=$9,500×29 days ×25%

=$68,875

Therefore the amount of income that Joe Harry report will be $68,875

5 0
3 years ago
Match each of the protectionist policies below with an example of government action that fits the definition.
Anna [14]

a. tariff-----------------the government puts a high tax on sugar made in other countries.


A tariff is a tax forced on imported products and ventures.  Tariffs are utilized to limit imports by expanding the cost of products and ventures bought from abroad and making them less alluring to buyers.  

Tariffs can have unintended symptoms, be that as it may. They can make household ventures less proficient by decreasing rivalry. They can hurt local purchasers, since an absence of rivalry tends to push up costs.  

b. quota-----------------the government limits the import of sugar from other countries


A quota is a legislature forced exchange limitation that restricts the number or fiscal estimation of merchandise that a nation can import or fare amid a specific period. Nations utilize quota in universal exchange to help control the volume of exchange amongst them and different nations. Nations here and there force them on particular merchandise to decrease imports and increment residential creation. In principle, amounts support local generation by limiting remote rivalry.  

c. subsidy------------the government pays sugar farmers to keep sugar prices low.


A subsidy is an advantage given to an individual, business or foundation, for the most part by the administration. It is as a rule as a money installment or an expense decrease. The subsidy is regularly given to evacuate some kind of weight, and usually thought to be in the general enthusiasm of the general population, given to advance a social decent or a financial arrangement.

5 0
3 years ago
Read 2 more answers
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