Average inventory is calculated by

Assignment Help Operation Management

Reference no: EM132191069

1. At the start of each operating shift, bartenders and servers receive an amount of money to be used during their shift. This is known as a

A. shift depository

B. service bank

C. shift money

D. cash bank

2. Average inventory is calculated by

A. multiplying the beginning inventory by the ending inventory and dividing by two.

B. subtracting this month's ending inventory from the beginning inventory and dividing by the number of days the operation is open during the month.

C. adding beginning inventory to ending inventory and dividing by two.

D. adding the dialing balances on the perpetual inventory and dividing by the number of days in the month.

3. Beverage personnel trained to serve wines are known as

A. wine stewards.

B. bartenders.

C. wine nerds.

D. beverage servers.

4. Complete this formula: cost of beverages sold / beverage revenue =

A. beverage cost percentage.

B. unadjusted cost of goods sold.

C. beverage sales forecast.

D. beverage cost of goods sold.

5. Cost of goods sold: beverages / Target beverage cost percentage is known as the formula for

A. suggested selling price.

B. beverage cost percentage

C. beverage cost percentage.

D. cost of goods sold: beverages.

Reference no: EM132191069

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