Which One of the Following Is a Tangible Asset of a Restaurant

question 368

Multiple Choice

Which one of the following is a tangible asset of a restaurant?

• A) Baking oven.
• B) Goodwill.
• C) Copyrighted cook book.
• D) Patent on a mixing machine.
• E) Old family recipe.

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Definitions:

Flexible Budget Performance Report

A report that compares the actual performance and expenditures of a business against a budget that adjusts with the level of activity, helping to provide a more accurate basis for comparison and analysis.

Supplies Cost

The expense incurred to purchase supplies needed for the operation of a business.

Cost Formula

An equation used to determine the total cost of production or service delivery, factoring in fixed and variable costs.

Flexible Budget

A financial plan that modifies itself in response to variations in volume or activity intensity.