Accounting question?
Accounting question?
Explain whether or not accounting information is important to a restaurant manager/owner when deciding who to hire for an entry-level position in the meat department. Give reasons for your answers.
Answers:
Girl360: Trying to get your homework done on answers? Think about it...the answer is obvious, and it involves EBITDA (otherwise known as operating cash flow).
2006-08-29 16:27:44
2006-08-29 16:27:44
Chosen Answer
NW_iq_140: By accounting information I presume you are referring to the unit costs the employee would be contributing. I.e. # of lbs/hr. the faster the employee the more efficient or productive they are. This is a cost accounting issue, which relates to the bottom line. Also the question could involve the amount of waste the employee generates in preparing the meals; how much fat vs meat is trimmed etc., the real question may be is an entry level person really who you should be hiring or should you look for a more skilled worker who can save you $$ per meal. These may not seem "accounting" questions but in fact are true cost accounting questions. Many restaurants do not get down to that much detail when making these types of decisions.
2006-08-29 16:32:10
NW_iq_140: By accounting information I presume you are referring to the unit costs the employee would be contributing. I.e. # of lbs/hr. the faster the employee the more efficient or productive they are. This is a cost accounting issue, which relates to the bottom line. Also the question could involve the amount of waste the employee generates in preparing the meals; how much fat vs meat is trimmed etc., the real question may be is an entry level person really who you should be hiring or should you look for a more skilled worker who can save you $$ per meal. These may not seem "accounting" questions but in fact are true cost accounting questions. Many restaurants do not get down to that much detail when making these types of decisions.
2006-08-29 16:32:10
horrorfan: It important because if he hires cheaper labor net profit will be higher, if he hires a more expensive meat p employee net profit will be lower. Rev-Exp.=Net Income
Salary would be an expense
2006-08-31 21:29:28
2006-08-31 21:29:28