Chapter 14 Written Order Directing The Bank

subject Type Homework Help
subject Pages 9
subject Words 909
subject Authors Anthony J. Strianese, Pamela P. Strianese

Unlock document.

This document is partially blurred.
Unlock all pages and 1 million more documents.
Get Access
page-pf1
25. Lily purchased a new convection oven for $10,177, tax included. The sales tax was 8 %.
Amount of money for the oven: $_______________
26. For a banquet, each guest pays $71.00, inclusive. A gratuity of 15% will have to be backed
out.
Sales tax: $_______________
27. For a banquet, each guest pays $41.00, inclusive. A gratuity of 15% is included in the cost.
Amount of money for the restaurant: $_______________
28. Michael’s parents’ 50th anniversary dinner cost him $6,500, with the sales tax of 7%
included.
Sales tax: $_______________
29. Chrissy’s parents’ 25th anniversary dinner cost her $2,700, with the sales tax of 6 %
included.
Amount of money for the restaurant: $_______________
page-pf2
30. The amount of gratuity received was $16.50. How much was the check if the tip was 25%?
__________
COMPLETION
1. In the food service industry, the bill or bill of sale is called a ____________________
____________________.
2. A(n) ____________________ ____________________ is a form of admission fee charged
to each person to help pay for the cost of the entertainment.
3. A(n) ____________________ ____________________ means that a guest is required to
spend a certain amount of money, once seated, even if the total check amounts to less.
4. Most states and many municipalities have passed laws that mandate that the food service
establishment collect a percentage of the guest bill in the form of a(n)
____________________ ____________________.
5. Tipping, also referred to as a(n) ____________________, is the giving of a fee for a service
rendered.
6. At the end of each day or each service period, the cashier is required to fill out a
____________________ daily report, a tool used by management to keep track of cash and
charge sales.
page-pf3
7. ____________________ ____________________ are a total of all separate register
readings.
8. ____________________ ____________________ ____________________ is a figure
acquired by totaling the amounts of money paid out of the register during the day.
9. ____________________ ____________________ are the total amount of moneys that have
been collected through direct charges that are billed directly to the guest or charged back to
the room in a hotel.
10. ____________________ ____________________ pricing means that all charges (cost of
food, beverages, tax, gratuity, etc.) are stated as one price, usually on a per-person basis.
11. Depositing money in an account is a way of holding money in reserve for future
____________________.
12. When a bank deposit is made, the money deposited is placed in a savings or
____________________ account.
page-pf4
13. If a deposit is made in person at a bank, the money being deposited is accompanied by a
____________________ ____________________, which provides the depositor and the
bank with a record of the transaction.
14. ____________________ is the sum paid for the use of money.
15. A ____________________ is a written order directing the bank to make a payment for the
depositor.
16. An account becomes ____________________ when checks are written upon an account for
a greater amount than the money in the account.
17. The ____________________ ____________________ provides the depositor and the
banking institution with a record of the transaction when money is deposited in the checking
account.
18. The ____________________ ____________________ is given to the depositor by the
banking institution, so the depositor can record deposits and checks and know the balance of
money on hand.
19. The bank provides the depositor with a statement, called a(n) ____________________
____________________, showing the activity of the account during the stated time period.
page-pf5
MATCHING
Match the following chapter terms with their definition.
a.
guest check
g.
expenditure
b.
cover charge
h.
receipt
c.
minimum charge
i.
deposit slip
d.
sales tax
j.
interest
e.
gratuity
k.
check
f.
cashier’s daily report
l.
check register
1. Money that is paid for the use of borrowed money
2. That which is spent
3. A fee charged to the guest who is required to spend a certain amount of money even if the
total check amounts to less
4. The bill or bill of sale used in a restaurant
5. A written order directing a financial institution to make a payment for the depositor
6. A written statement that money, a package, a letter, and so forth, has been received
7. A form given to the depositor by the financial institution so the depositor can record
deposits and checks and know the balance of money on hand
8. A tool used by management to keep track of cash and charge sales
9. An admission fee charged for entertainment
10. A form that provides the depositor and the financial institution with a record of the
transaction when money is deposited in the checking account
11. A present or money given in return for a service; also called a tip
12. Money collected on purchases of goods from consumers or businesses by governments
SHORT ANSWER
1. Find the tips.
Find the amount of tip for each of the
Bill Amount
Tip
page-pf6
following bills, if the tip equals 15
percent of the bill. Round to the cents or
hundredths.
$16.00
$58.80
$527.40
$92.56
$124.00
2. Ashley works three shifts a week. If she sells five additional $35 bottles of wine a night and
the gratuity is 18%, what is her additional income?
Each shift __________
Weekly total ____________
3. Fill in the cash report.
page-pf7
page-pf8
4. Fill out the following check.
Write the check to Kroger for $252.25; use today’s date and your signature.
John or Jan DeChef
1234
123 Mise En Place
Louisville, KY 12345
Date_____________
Pay to the
Order of ________________________________________________$___________
____________________________________________________________Dollars
The Bank with No Name
:123456789: 123456789 1234
__________________________
page-pf9
5. Fill in the cash report.
page-pfa
6. Fill in the check register.
page-pfb

Trusted by Thousands of
Students

Here are what students say about us.

Copyright ©2022 All rights reserved. | CoursePaper is not sponsored or endorsed by any college or university.