Last Month an Operation Generated $100,000 in Food Sales and $40,000

question 9

Multiple Choice

Last month an operation generated $100,000 in food sales and $40,000 in beverage sales. The operation had a cost of sales for food of $35,000. What was the operation's food cost percentage last month?

• A) 25%
• B) 30%
• C) 35%
• D) 40%

Know the critical factors in selecting accountants for an entrepreneurial venture.

Understand the need for and process of conducting a needs analysis in organizations.

Recognize the different types and steps of a needs analysis: organizational, task, person, and resource analysis.

Identify the tools and techniques used in conducting a needs analysis.

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Definitions:

Money Expansion

An increase in the total supply of money in circulation within an economy, typically achieved through central bank operations.

Excess Reserves

Funds that banks hold over and above the legal requirement set by the central bank or banking regulator.

New Reserves

Additional funds or assets that financial institutions or countries set aside to meet future liabilities or unforeseen needs.

Excess Reserves

The amount of reserves that banks hold over the minimum required by the central bank to back deposits.