Equations To Know Flashcards
1
Q
Food cost percentage
A
cost of food / selling price
2
Q
Average check
A
of sales / # of customers
3
Q
Inventory turnover
A
cost of food used in month / average food inventory
4
Q
Net operating expense
A
5
Q
Full time equivalents
A
6
Q
Meals per paid hour
A
7
Q
Gross profit (income)
A
8
Q
Variance
A
9
Q
Net profit or loss
A
10
Q
Sales per customer
A
11
Q
cafeteria sales per calendar day
A
12
Q
Labor cost percentage
A
13
Q
Selling price
A
item food cost x pricing factor
14
Q
Raw food cost
A
15
Q
edible portion
A
