RD Exam Prep: Financial m/Management Calculations97% Scored

RD Exam Prep: Financial m/Management Calculations97% Scored How many weekly FTEs are needed based on the following positions? 4 RDNs at 40 hours per week, 3 Diet Techs at 30 hours per week, and 10 Foodservice Staff at 35 hours per week? - Answer- 4 RDs(40hrs/wk) + 3 Diet Techs (30hrs/wk) + 10 Foodservice Staff (35hrs/wk) 160 + 90 + 350 = 650hrs/wk 650hrs/wk / 40hrs/wk = 15 weekly FTEs How many servings can a chef get from a recipe that produces 5 gallons of fruit sorbet using a #8 scoop? - Answer- #8 scoop = 4oz 5 gallons = 5(128oz/gal) = 640oz 640oz/4oz = 160 servings A dining hall seats 1,000 students. 3,000 meals are served during the lunch period. What is the seat turnover? - Answer- Seat Turnover = # of patrons/ # of seats 3000/1000 = 3 = seat turnover per lunch period Calculate the inventory turnover for a hospital dining operation given the following information: Food Costs: $10,750, Average Inventory Value: $7,250. - Answer- Inventory Turnover = Cost of Goods Sold/Average Inventory Value 10750/7250 = 1.48 Calculate the current ratio from the given set of information obtained from a financial report. Current Assets: $152,000. Long-Term Assets: $200,000. Current Liabilities: $75,000. Long-term Liabilities: $65,000. - Answer- Current ratio = current assets/current liabilities 152000/75000 = 2.0267 --> 2.03 Determine the percent occupancy of a hospital that has 450 beds and has 125 patients admitted. - Answer- Percent Occupancy = (# of patients/ # of beds) x 100% (125 patients / 450 beds) x 100% 0.2778 x 100% 27.78% --> 28% A food truck costs $89,000. Its salvage value is $15,400. It is expected to last 10 years. What is the yearly depreciation amount for the truck? - Answer- Yearly Depreciation = (asset value - salvage value) / # of useful years () / 10 73600 / 10 7360 = yearly depreciation If the employee turnover ratio is 20% and there are 185 total employees in a department, how many of those employees quit or were fired? - Answer- Employee Turnover = (total # of employees who quit or fired / total # of positions) x 100% 20% = (x/185) x100% .2 = x/185 x = .2(185) x = 37 employees who quit or fired Total sales for the current year are $150,000. 30% of sales go to labor costs. If labor costs are projected to increase by 3% in the next year, what is the new labor budget for next year? - Answer- Current Labor Cost Budget = 150000 (0.30) = 45000 Next Year Labor Cost Budget = 45000 (1.03) = 46350