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  2. How to protect your restaurant business from common and ...

    www.aol.com/protect-restaurant-business-common...

    About 45% of the most common claims fall under commercial property insurance, but it's good for restaurant owners to cover all of their bases when it comes to coverage.

  3. Nearly 40% of restaurant owners lack business insurance ... - AOL

    www.aol.com/nearly-40-restaurant-owners-lack...

    Restaurant insurance can act as a safety net that can help cover repair costs, equipment replacement and lost revenue from weather-related business interruptions. Here are some examples of how ...

  4. Increased limit factor - Wikipedia

    en.wikipedia.org/wiki/Increased_limit_factor

    Often, limited data is available to determine appropriate charges for high limits of insurance. In order to price policies with high limits of insurance adequately, actuaries may first determine a "basic limit" premium and then apply increased limits factors. The basic limit is a lower limit of liability under which there is a more credible ...

  5. Cover (hospitality) - Wikipedia

    en.wikipedia.org/wiki/Cover_(hospitality)

    Cover per Occupied Room (CPOR) is one statistic which can be used in forecasting. [3]This is the average spent per individual customer, which can be calculated separately for each member of the serving staff.

  6. Cost-plus pricing - Wikipedia

    en.wikipedia.org/wiki/Cost-plus_pricing

    Markup price = (unit cost * markup percentage) Markup price = $450 * 0.12 Markup price = $54 Sales Price = unit cost + markup price. Sales Price= $450 + $54 Sales Price = $504 Ultimately, the $54 markup price is the shop's margin of profit. Cost-plus pricing is common and there are many examples where the margin is transparent to buyers. [4]

  7. FIFO and LIFO accounting - Wikipedia

    en.wikipedia.org/wiki/FIFO_and_LIFO_accounting

    The difference between the cost of an inventory calculated under the FIFO and LIFO methods is called the LIFO reserve (in the example above, it is $750, i.e. $5250 - $4500). This reserve, a form of contra account , is essentially the amount by which an entity's taxable income has been deferred by using the LIFO method.

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