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Identify the first 5 stages of the Operating Control Cycle Compare the server banking system to the cashier banking system Identify five (5) standard cost tools that can be developed with the above menu. Provide 3 advantages and 2 disadvantages of a Standard recipe
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Here's a comparison of the server banking system and the cashier banking system:
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Server Banking System: In this system, each server is assigned a cash bank at the beginning of their shift. They are responsible for collecting payments from their guests, making change, and settling their own checks. At the end of the shift, the server reconciles their sales with their cash bank, returning the initial bank amount and remitting all collected revenue. This system offers faster service as servers don't need to wait for a central cashier, but it places more accountability on individual servers for cash handling and potential shortages.
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Cashier Banking System: With this system, a central cashier is responsible for all cash transactions. Servers present guest checks to the cashier, who then collects payment from the guest, makes change, and processes the transaction. The cashier is accountable for the entire cash bank. This system provides greater control and security over cash for management, as fewer individuals handle money, but it can lead to slower service if there are long lines at the cashier station.
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