Langkawi Cuisine is uptown restaurant overlooking the ocean. It serves a variety of cuisines, including Western and
Question:
Langkawi Cuisine is uptown restaurant overlooking the ocean. It serves a variety of cuisines, including Western and Asian foods. Most of the customers are wealthy businessmen and high-profile executives, looking for a peaceful dining experience. Since buying the restaurant two years back, the sole owner, Pak Teh has carefully recorded the non-financial data in addition to the usual financial data. He oversees the preparations himself, and is very particular about the quality of the food served.
The following is the financial, as well as the non-financial data based on the balance score card format:
| 2021 | 2020 |
Financial information |
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Total turnover | RM945,000 | RM900,000 |
Turnover from special event | RM300,000 | RM200,000 |
Cost attributable to special events | RM230,000 | RM120,000 |
Total Profit | RM169,000 | RM130,000 |
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Internal Business Process |
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Average service delay at peak times | 25 minutes | 15 minutes |
Idle time | 486 minutes | 540 minutes |
Reported case for food poisoning | 7 | 4 |
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Customer Satisfaction |
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Regular customer attending weekly | 15 | 9 |
Complimentary letters from satisfied customers | 4 | 1 |
Average expenditure per customer | RM51 | RM30 |
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Learning and Growth |
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Special theme evenings introduced | 2 | - |
New entries in the menu introduced during the year | 2 | 4 |
Total proposals submitted to cater for special events | 8 | 3 |
Required:
Comment on the financial performance of the restaurant, and compare it with the previous year by considering the financial data only.
Comment on the non-financial perspective using the balance-score card approach.
Comment on the overall performance of the restaurant.
Introduction to Accounting An Integrated Approach
ISBN: 978-0078136603
6th edition
Authors: Penne Ainsworth, Dan Deines