Assuming you desire to earn a 12% rate of return on your investment‚ Cedar’s restaurant is not probably not your top choice. The net present value of the investment is positive‚ but not the higher percentage you are in need of. Uncertainty is a huge factor in investing‚ especially when considering investing in a restaurant. Restaurant investing is certainly risky considering the average failure rate for restaurants is between 90-95%. This investment seems rather sound and would be a positive
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chapter presents some related literature and studies which guided the researchers in the conduct of their study. Foreign Related Literatures In the study conducted by Md Taha Hanisha entitled Online Restaurant Management System (2008) a system that provides service facility to restaurant and also to the customer. The services that are provided are food ordering and reservation table management by the customer through the system online. With this system online‚ ordering and reservation management
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is nothing easier than writing a description‚ whether it be a description of a person‚ an event‚ a feeling‚ a thing‚ or an experience. However at times descriptions may be rather difficult to develop‚ especially for those writers who have problems with imagination or formulation of their thoughts. A descriptive essay is designed to offer readers involving and vibrant experiences and it has to achieve this goal with the help of observations and expression of feelings and memories but not through simple
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The experiences that were undesirable based on her experience was when she gave different food item instead of the guest’s order. Supposed to be‚ his order was “puto and dinuguan” but instead of it‚ she gave the guest “banana and mountain dew”. According to Trainee A‚ the aspect that can help her in the future is that it shows her the reality beyond the school knowledge and aside from the theoretical explanation of her course. Trainee A agrees that on-the-job training experiences alter her
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Activity-based costing in restaurants 1. Introduction Interest in cost and management accounting practices in the restaurant industry is rising (Raab et al.‚ 2009; Annaraud et al.‚ 2008). Pavesic (1985) has initiated research in pricing and cost accounting for restaurants‚ introducing the concept of profit factor (PF) in menu engineering (ME). Prior studies‚ such as the one presented in Chan and Au (1998) investigate the implications of not incorporating overhead costs in menu-item profitability
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take the risk. I traveled alone for getting a job in the same company than a friend of mine. Traveling to the United States was one of the best experiences that I ever had. When I arrived to the United States‚ a friend of mine went to pick me up. So‚ I went to his house for leaving my luggage‚ and for taking a shower. After that‚ we went to a restaurant and we spent a nice time talking about our lives. At night‚ we went to a nice night club. I had a very nice day‚ but I was tired‚ so we decided
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Most Memorable Customer Service Experience: A few years back‚ I went to Las Vegas with my family and stayed at the Aria hotel. The bathroom of our suite had a sliding door‚ and my brother got locked inside the bathroom due to some mechanical error in the door. My parents called the front desk and narrated the issue to them
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Executive Summary Darden Restaurants‚ Inc. has been a public company since 1995. A company born of the chain Red Lobster‚ Darden is a recent spin-off as a result of mergers and acquisitions of various types. Publicly traded on the New York Stock Exchange‚ Darden (DRI) is the parent company of Red Lobster‚ The Olive Garden‚ the now-defunct China Coast concept‚ and a new “Floribbean” concept: Bahama Breezes. Throughout its existence‚ as a part of General Mills‚ Pillsbury‚ or on its own as
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McDonald’s‚ My Favorite Restaurant McDonald’s is a fast food restaurant chain and “has over 32‚000 locations in more than 100 countries around the globe” (McDonald’s website). It is one of most popular fast food restaurants in the world‚ and preferred by a lot of people. The restaurants are very modern and cozy and always have a place for children to play in. It is also known for their Happy Meals‚ which contains a hamburger‚ french fries and the always desired toy. McDonald’s is my favorite fast
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The Ashley House Restaurant on Riverdale Road in West Springfield‚ MA. is a mix and match of old and new architectural design having had various owners from 1829 through the 1900s. When Charles Ashley constructed it in 1829 it was done in the Greek Revival style. Ashley family members lived there until the 1920s. Afterwards the house became a tavern and pub and a restaurant twice. Each time its form changing. TheAshley House has 2 stories the first having the dining and drinking areas and the second
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