A Bar Operation Achieved $92,000 in Beverage Sales for an Accounting

question 22

Multiple Choice

A bar operation achieved $92,000 in beverage sales for an accounting period. For that period, it had a beginning inventory of $25,000. Ending inventory was $22,000 and beverage purchases equaled $20,000. What was the bar's beverage cost percentage for the period?

• A) 15%
• B) 20%
• C) 25%
• D) 30%

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The specific procedures or requirements mandated by law for certain actions to be legally valid, such as signings, notifications, or registrations.

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