You Are the Owner and Operator of a Catering Business

question 156

Essay

You are the owner and operator of a catering business. In addition to catering a wide variety of functions such as business meetings, weddings, birthday parties, etc., you sell decorated cakes in your store. A particular business customer has signed a $12,000 contract with you to provide refreshments for its monthly business meetings with the total contract amount due at the contract signing.
Describe the rules you will follow in booking (i.e., recording) the cake sales revenues and catering contracts such as the one described here.

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Definitions:

Thursdays

The fifth day of the week, following Wednesday and preceding Friday.

Farmers'

Refers to anything pertaining to farmers or agriculture, often indicating possession, such as farmers' markets or farmers' cooperatives.

Feelings

Emotional states or reactions that are subjectively experienced by individuals, varying in intensity and type.

Secretary

An administrative aid in a company tasked with managing communications, maintaining files, and executing office tasks.