FIFO Study guides, Class notes & Summaries

Where is the fill line on a pan? - At the first indentation What is the necessary information for Non-Protein Items? - Identifier Prep Date Prep Time Initials What is the necessary information for Protein Items? - Identifier P# Use By Date Rack Date Date 3 days after Rack Date Time Initials Does is matter where you place the label on prepped items? - Yes, it should be placed so that it faces the front of the shelf for quick identification and FIFO observation. Where is the prim...

AAA Food HandlerA Food Establishment that packages MAP (Modified Atmosphere Packaging) foods should: A. Only Package Milk B. Have a HACCP plan C. Have a Canning License D. Be approved by USDA - correct answer B. All Food delivery vehicles should: A. have proper signage on the doors B. Have a Siren C. be only late model vehicles D. have clean & sanitary conditions - correct answer D. All of the following are true for canned goods EXCEPT: A. must be checked for valid ...

FCFF (using EBITDA) CORRECT ANSWER FCFF = EBIDTA(1-T) + DEP(T) - Finv - Winv Converting FIFO to LIFO COGS CORRECT ANSWER FIFO COGS = LIFO COGS - (End LIFO Reserve - Beg LIFO reserve) Engle- Granger Test CORRECT ANSWER Test whether 2 variables are cointegrated. Regress 1 data series against the other and check residuals for unit root. Steady State of Growth Formula CORRECT ANSWER growth = Growth Rate TFP/1-(Labor cost in total factor cost) + labor force growth Labor productivity growt...

PGA PGM Level 3 - Food and Beverage QUESTIONS WITH COMPLETE SOLUTIONS2 facilities use the same product from the same purveyor, but use it for different menouitems This is an example of differentiated product 2 major reasons restaurants fail? Lack of management skills and good accounting 01:05 01:35 Best way to retain staff Training Dram shop laws state that you are responsible for people you serve? True Food and Beverage payroll is determined by? Faciliti...

CFA( Chartered Financial Analyst )Level I Mock Exam ||2023/2024 Test Bank||Questions & Answers Information about the coupon rates on the various long-term fixed-rate debt issues of a company can most likely be found in the: A notes to the financial statements. B non-current liabilities section of the balance sheet. C Management Discussion and Analysis (MD&A). - ANSWERS A is correct. Information about the coupon rates on the various long-term fixed-rate debt issues can usually be foun...

The concept that prices rise over time - Inflation Another term for sales - Revenue Sales - Cost of Goods Sold - Gross Profit In an inflationary period what method of inventory valuation would lower profits - LIFO In an inflationary period what method of inventory valuation would increase profits - FIFO In a deflationary period what method of inventory valuation would lower profits - FIFO In a deflationary period what method of inventory valuation would higher profits - LIFO What method o...

FCFF (using EBITDA) correct answer: FCFF = EBIDTA(1-T) + DEP(T) - Finv - Winv Converting FIFO to LIFO COGS correct answer: FIFO COGS = LIFO COGS - (End LIFO Reserve - Beg LIFO reserve) Engle- Granger Test correct answer: Test whether 2 variables are cointegrated. Regress 1 data series against the other and check residuals for unit root. Steady State of Growth Formula correct answer: growth = Growth Rate TFP/1-(Labor cost in total factor cost) + labor force growth Labor productivi...

CFA Level 1 - 101 Must Knows 368 Questions with Verified Answers Addition Rule of Probability - CORRECT ANSWER ADDITION: P(A or B) = P(A) + P(B) - P(AB) Roy's Safety First Criterion - CORRECT ANSWER Safety First Ratio = (E(R) - Rₜ) / σ Larger ratio is better If (Rₜ) is risk free rate, then it becomes Sharpe Ratio Sharpe Ratio - CORRECT ANSWER Sharpe Ratio = (E(R) - RFR) / σ Larger ratio is better If (Rt) is higher than RFR, then it becomes Safety First Ratio Centra...

Complete Solutions Manuals for Intermediate Accounting, Volume 1 13ce 13th Canadian Edition by Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield, Irene M. Wiecek, Bruce J. McConomy. ISBN-13: 0452 Full Chapters Solutions included with Excel files + Extra files 1 The Canadian Financial Reporting Environment 1-1 Capitalizing on Financial Reporting 1-1 Preview of Chapter 1 1-3 1.1 Financial Statements and Financial Reporting 1-3 Accounting and Capital Allocation 1-4 Stak...

What is accounting? - Correct answer-the action or process of keeping financial accounts revenues - Correct answer-inflows of assets resulting from the sale of goods and services expenses - Correct answer-outflow of assets resulting from the sale of goods and services internal user - Correct answer-managerial accounting external user - Correct answer-financial accounting who is responsible for GAAP - Correct answer-FASB accounting equation - Correct answer-assets = liabilities + owners ...