a) The following figures for Feb have been taken from the financial records of Susans Restaurant. Determine
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Question:
a) The following figures for Feb have been taken from the financial records of Susans Restaurant. Determine issues given the following:
Opening stock $8,000.00
Purchases $15,000.00
Closing stock $12,000.00
b) The following information taken from Restaurant records provides a partial result for a butcher test on 10 legs of veal. US Choice purchased over the last several weeks from Butcher Town Meats Inc. The price for the 10 leg veal was $814.28 it weighed a total of 247 pounds and 8 ounces:
Calculate loss in cutting given the following breakdown:
- Fat 4lbs 8oz
- Bones 56lbs 8oz
- Shanks 19lbs 12oz
- Veal cutlets: 127lbs 4oz
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