Using the Chef's Magic Circle, Complete the Following

question 55

Short Answer

Using the Chef's Magic Circle, complete the following. Round percent answers to the nearest hundredth and money answers to the nearest cent. Sales Price: $18,888 Food Cost: $11,300 Food Cost Percent: _______________%

---

Definitions:

Held-to-maturity

A classification for investment securities which the investor has the intent and ability to hold until a specified maturity date.

Extent of Influence

Refers to the degree to which an investor can sway management decisions and operational policies of an investee due to ownership level or other factors.

Common Stock

A type of securities that represents ownership in a corporation, granting holders voting rights and a share in the company’s profits via dividends.

Equity Method

An accounting technique used by firms to assess the profits earned by their investments in other companies and to reflect this in the profit and loss statement proportionally to their ownership level.