In drawing up a sales budget for a casual Italian restaurant
admin
Chapter 16 – Review Questions 1, 4, 8 (p. 485)1. In drawing up a sales budget for a casual Italian restaurant, what percentage of weekly sales should be forecasted for Friday and Saturday evenings? 4. Aside from its value in planning, why is it essential to do a budget forecast of sales, costs, and profit?8. The procedure in seeking a loan from the Small Business Administration is fairly elaborate. What is the usual sequence for this process?Chapter 17 – Review Questions 2, 3, 9 (p. 513)2. What are some dangers of operating a restaurant as a partnership?3. If you wanted to operate your restaurant as a corporation but be taxed as an individual, how could you arrange this?9. As a limited partner in a restaurant, what part do you have in making management and financial decisions?Chapter 16 – Review Questions 1, 4, 8 (p. 485)1. In drawing up a sales budget for a casual Italian restaurant, what percentage of weekly sales should be forecasted for Friday and Saturday evenings?4. Aside from its value in planning, why is it essential to do a budget forecast of sales, costs, and profit?8. The procedure in seeking a loan from the Small Business Administration is fairly elaborate. What is the usual sequence for this process? Chapter 17 – Review Questions 2, 3, 9 (p. 513) 2. What are some dangers of operating a restaurant as a partnership? 3. If you wanted to operate your restaurant as a corporation but be taxed as an individual, how could you arrange this?9. As a limited partner in a restaurant, what part do you have in making management and financial decisions?
