Chapter 7: Cost Control (1) Flashcards
1
Q
basic financial cost records
for forecasting needs
includes probable activities, their costs, and the source of anticipated income
A
budget plan
2
Q
basic financial cost records
provides latest information on sales, food costs, and transaction count
A
daily food cost report
3
Q
basic financial cost records
income and expenses summary
A
profit loss statement
4
Q
basic financial cost records
activities and accomplishments summary of the year
includes future development plans
A
annual report
5
Q
basic financial cost records
assets, liabilities, and capital statement at a given period
A
balance sheet
