Discuss the following questions as if you are a new managerial accountant for The Cheesecake Factory:

• About how many meals do you think were served in 2019? (Hint: divide total revenue by average check)

• If you were hired as a managerial accountant for The Cheesecake Factory, what kind of standards would you watch at the corporate level?

• What kind of standards would you be watching at the restaurant level?

• What kind of standards do you think you would set, and how would you set them?

• What kind of drawbacks do you think you might experience by setting the standards you propose and how would you deal with that? For reference, Wells Fargo rewarded employees based on the number of new accounts opened, which resulted in widespread fraud as employees opened unwanted accounts for clients between 2010 and 2016.

Answer rating: 100% (QA)

As a new managerial accountant for The Cheesecake Factory I would approach the questions as follows 1 Estimating Meals Served in 2019 Based on the inf... View the full answer