Round to the Nearest Hundredth of a Percent

question 26

Short Answer

Round to the nearest hundredth of a percent. The sales of January 15 in the ZZZZ Restaurant were $5,705.00 and $9,765.00 in the bar. The cost of food was $2,350.00, and the bar costs were $2,896.00. The amount of food that was sent from the kitchen to the bar was $250.00. The amount of alcoholic beverages that were sent to the kitchen from the bar was $105.00. Without calculating transfers, what is the food cost percentage? ____________%

Understand the basic principles of accounting information systems.

Recognize the importance and role of input devices and source documents in accounting systems.

Identify the use and purpose of various journals and ledgers in accounting systems.

Grasp the significance of internal controls and their components in safeguarding company assets and ensuring reliable financial reporting.

---

Definitions:

Relative Deprivation

A relative measure of poverty based on the standard of living in a particular society.

Resource Mobilization

The process of securing new and additional resources for an organization or project.

Decline Phase

A stage in the life cycle of entities such as organizations or products characterized by a decrease in relevance or performance.

Coalescence Phase

A stage in social movements where groups merge together, becoming more organized in their activities and clearer in their goals.