hospitality accounting help
Question # 00098482
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Updated on: 08/29/2015 12:09 AM Due on: 09/28/2015
- A restaurant purchased $7500 of food inventory on credit with terms of 3/5, net 30. Calculate the cash discount and determine if the discount should or should not be taken and discuss your decision.
2 The sales revenue information for March and April, Year 2007 is listed in the table below. What is the vertical common-sized analysis (percentages) of each item based on the sales revenue. Please discuss any significant findings.
|
Item |
March |
April |
|
Sales Revenue |
$48,200 |
$50,400 |
|
Cash Sales |
$14,460 |
$14,112 |
|
Credit Card Sales |
$31,330 |
$34,272 |
|
Account Receivable Sales |
$2,410 |
$2,016 |
-
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Solution: hospitality accounting help