Reference no: EM13746955
You and your partners have decided to open a large, full service restaurant in your local community; it will be open from 7 a.m. to 10 p.m. to serve breakfast, lunch, and dinner. Each of you is investing $50,000 in the venture, and together you have secured a bank loan for $300,000 to begin operations. You and your partners have little experience in managing a restaurant beyond serving meals or eating in restaurants, and you now face the task of deciding how you will manage the restaurant and what your respective roles will be.
Decide what each partner's managerial role in the restaurant will be. For example, who will be responsible for the necessary departments and specific activities?
Describe your managerial hierarchy.
Include a minimum of one (1) scholarly source in addition to your text and required readings.
Length: 3-5 pages not including title and reference pages
Your paper should demonstrate thoughtful consideration of the ideas and concepts that are presented in the course and provide new thoughts and insights relating directly to this topic. Your response should reflect scholarly writing and current APA standards. Be sure to adhere to Northcentral University's Academic Integrity Policy.
|
Promotion strategy in hospital
: Promotion Strategy in Hospital-The Vice President of Marketing of a hospital in your geographic area. It has been determined that specialization will be the direction the hospital will take
|
|
Amortized monthly on a straight-line basis
: Janenda Inc. issued $5,000,000 of convertible 5-year bonds on July 1, 2014. The bonds provide for 6% interest payable semi annually on January 1 and July 1. The discount in connection with the issue was $120,000, which is being amortized monthly on a..
|
|
What constant rate does owner believe that profits will grow
: You’ve recently learned that the company where you work is being sold for $380,000. The company’s income statement indicates current profits of $15,000, which have yet to be paid out as dividends.
|
|
Difference between primary and secondary data
: Create a 2 page paper to compare the different data sets that is used by the different facilities. What is the difference between primary and secondary data
|
|
Decide what each partner''s managerial role in the restaurant
: Decide what each partner's managerial role in the restaurant will be. For example, who will be responsible for the necessary departments and specific activities
|
|
Goal of financial management for a sole proprietorship
: 1. What is the goal of financial management for a sole proprietorship?
|
|
What is the amount of interest-straight-line method
: Rikki Company received proceeds of $188,000 on 10-year, 6% bonds issued on January 1, 2014. The bonds had a face value of $200,000, pay interest semi-annually on June 30 and December 31. Rikki uses the straight-line method of amortization. What is th..
|
|
What difference between low-relief and high-relief sculpture
: What is the difference between freestanding, low-relief, and high-relief sculpture?
|
|
Prepare journal entries to record each of the events listed
: Don Humes invested $40,000 cash in the company, as its sole owner. Hired two employees to work in the warehouse. They will each be paid a salary of $3,050 per month. Signed a 2-year rental agreement on a warehouse; paid $24,000 cash in advance for th..
|