These three terms should not be interchanged in a Hospitality and Recreation Management Business. These are the meanings of each:
a. self-service - the customer does all the work on his own (i.e. get water, spoon and fork)
b. limited-service - a usual scenario seen in fast-food chains
c. full-service - hotel services and recreational amenities offer this kind of service.
Answer:
$4,300
Explanation:
Calculation for what amount should Nelson report for total ending inventory on its Dec. 31 balance sheet
Total ending inventory=( 200*3.50)+(400*1.50)+ (1,000*3.00)
Total ending inventory=$700+$600+$3,000
Total ending inventory=$4,300
Therefore the amount that Nelson should report for total ending inventory on its Dec. 31 balance sheet will be $4,300
