Here is the synopsis of our sample research paper on Pricing at Neutral Bay Charcoal Chicken and Salads Takeaway Shop. Have the paper e-mailed to you 24/7/365.
Essay / Research Paper Abstract
An 11 page paper presenting a proposed costing system for a fast food restaurant. The paper is a management accounting exercise determining the profitability of a single menu choice. Includes 7 tables. Bibliography lists 1 source.
Page Count:
11 pages (~225 words per page)
File: CC6_KSacctNBay.rtf
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Unformatted sample text from the term paper:
authors to avoid extensive in-text citing to credit the author. Executive Summary Any organizations approach to pricing is a key factor in its
long term success. An interview with the manager of Neutral Bay Charcoal Chicken and Salads Takeaway Shop (Neutral Bay) reveals that there is no formal costing system in operation.
Instead, Neutral Bay bases its prices on a combination of its own estimated costs and competitors prices. Though this informal approach to pricing is straightforward and can ensure
that the establishment recovers its cost of ingredients and labor, there is great risk that the business fails to include all costs of operation in its pricing decisions. When
this is the case, not only does the business fail to gain the highest degree of profitability available to it, but it also may find itself inadvertently guilty of making
inaccurate reports to regulatory agencies. This report examines Neutral Bays current pricing strategy and proposes another approach based on a standard costing system.
Allocation of true costs in terms of direct materials, direct labor and overhead costs results in a more accurate accounting of Neutral Bays true costs and profitability to benefit
the company in at least four ways: * Better managerial decisions; * Enhanced motivation for all employees; * Accurate financial reporting internally and externally; and * Accurate cost and price
justification. I. Introduction As the world economy continues to grow and emerge, competition has reached levels never experienced in the past.
This trend began with large multinational organizations, but it has since extended even to the smallest of businesses. In a business environment such as this, businesses are required to
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