Food Management Flashcards
Accounting Document
Income Statement: income/profit for an organization in an acct. period. net income/loss is shown
Statement of Financial Changes
Reflects cash fund or flow
Balance Sheet/ Asset-Liability Statement
Shows assets, liabilities, and owners equity
Just in Time Purchasing
Purchasing the minimum amount of goods to meet customer demand and acknowledging all other issues
Cost plus pricing
cost-based method for setting prices
Prime Vendor
the supplier that provides the materials or products
Blanket Agreement
Simplified method of filing anticipated repetitive needs for supplies or services by establishing large accounts
Purchasing specifications
size of container, brand, quality designation, market form
Product labels
nutritional info, serving size, ingredient listing
Inventory sheet
tracking device is used for monitoring and ordering food/supplies
Percent weight change
the difference in weight over the normal weight x 100
FDA
Laws and regulations pertaining to food
Food and Drug cosmetic act
standards of identity
Agricultural Marketing Act
grading system for agricultural products (Voluntary)
Par Stock system
required minimum number for each product stock
Receiving area
located close to delivery dock, near storage. Must be inspected before for accuracy and quality. Frozen goods should be inspected before being moved to make sure they have been frozen the whole time.
Americans with disabilities act
prevents discrimination based on disability, equal opportunity employment. Renovations must follow the laws in providing reasonable accommodation.
Dishwasher prewash temp
110-140 F
Dishwasher wash temp
140-160 F
Dishwasher rinse temp
170 F
Capital Budget
money for purchasing/replacing equipment (long term financial planning)
Operating budget
day to day operation costs