HMD 454 In Class activity Restaurant Company Food Trucks

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 In Class Activity #4 HMD 454  

IF YOU ARE SUBMITTING THIS ELECTORNICALLY, THEN IT IS AN INDIVIDUAL ASSIGNMENT. IF YOU DID NOT ATTEND CLASS ON 2/21, THEN YOU MUST COMPLETE THIS ON YOUR OWN. 

30 points, 6 points for each question 

Name:
_________________________  

For the following set of questions, tou are asked to consider a restaurant company that owns food trucks, pizza restaurants that offer delivery and sit-down service, and fine dining restaurants similar to a Ruth’s Chris Steakhouse.  

Imagine that the jar of coins pictured below is the revenue for this company. Quarters represent $250,000. Dimes represent 100,000. Nickels represent $50,000. Pennies represent $10,000. 

What are some of the challenges of calculating the value of the company by using the coins to represent revenue? Do you think revenue represents the value of a company? Why or why not? (This is your opinion, no research necessary).

Go to https://www.accounting-degree.org/business-structure-taxes/.
Read the information about different types of business. Using this information,
which business structure do you recommend for this company and why? Please use
reasons from the link provided above. 

The picture below represents the different locations of the food trucks, pizza
restaurants, and fine dining restaurants. Red represents the pizza, yellow
represents the fine dining restaurants, and blue represents food trucks. Gray
are areas where they do not have any businesses. What appears to be
their philosophy in terms of how they diversify their business?

One of the purposes of this activity is to discuss the advantages and disadvantages
of a diversified business. Please go to this link https://smallbusiness.chron.com/benefits-risks-diversification-66224.html
and read the article. Then, go to this link https://www.youtube.com/watch?v=50-d__Pn_Ac and watch the video. Use this information to answer the next two questions. 

Name 3 advantages of a diversified company
Name 3 disadvantages of a diversified company.  



 

In Class Activity #4 HMD 454 IF YOU ARE SUBMITTING THIS ELECTORNICALLY, THEN IT IS AN INDIVIDUAL ASSIGNMENT. IF YOU DID NOT ATTEND CLASS ON 2/21, THEN YOU MUST COMPLETE THIS ON YOUR OWN. 30 points, 6 points for each question Name: _________________________ For the following set of questions, tou are asked to consider a restaurant company that owns food trucks, pizza restaurants that offer delivery and sit-down service, and fine dining restaurants similar to a Ruth’s Chris Steakhouse. 1. Imagine that the jar of coins pictured below is the revenue for this company. Quarters represent $250,000. Dimes represent 100,000. Nickels represent $50,000. Pennies represent $10,000. What are some of the challenges of calculating the value of the company by using the coins to represent revenue? Do you think revenue represents the value of a company? Why or why not? (This is your opinion, no research necessary). 2. Go to https://www.accounting-degree.org/business-structure-taxes/. Read the information about different types of business. Using this information, which business structure do you recommend for this company and why? Please use reasons from the link provided above. 3. The picture below represents the different locations of the food trucks, pizza restaurants, and fine dining restaurants. Red represents the pizza, yellow represents the fine dining restaurants, and blue represents food trucks. Gray are areas where they do not have any businesses. What appears to be their philosophy in terms of how they diversify their business? 4. One of the purposes of this activity is to discuss the advantages and disadvantages of a diversified business. Please go to this link https://smallbusiness.chron.com/benefits-risks-diversification-66224.html and read the article. Then, go to this link https://www.youtube.com/watch?v=50d__Pn_Ac and watch the video. Use this information to answer the next two questions. Name 3 advantages of a diversified company 5. Name 3 disadvantages of a diversified company.

Tutor Answer

Professor_Markins
School: UIUC

Attached.

In Class Activity #4 HMD 454
IF YOU ARE SUBMITTING THIS ELECTRONICALLY, THEN IT IS AN INDIVIDUAL
ASSIGNMENT. IF YOU DID NOT ATTEND CLASS ON 2/21, THEN YOU MUST
COMPLETE THIS ON YOUR OWN.
30 points, 6 points for each question
Name: _________________________
For the following set of questions, you are asked to consider a restaurant company that owns
food trucks, pizza restaurants that offer delivery and sit-down service, and fine dining restaurants
similar to a Ruth’s Chris Steakhouse.

1. Imagine that the jar of coins pictured below is the revenue for this company.
Quarters represent $250,000. Dimes represent 100,000. Nickels represent
$50,000. Pennies represent $10,000.

What are some of the challenges of calculating the value of the company by using
the coins to represent revenue? Do you think income represents the value of a
company? Why or why not? (This is your opinion, no research necessary).
Several challenges occur as a result of calculating a company's value using coins
as a representation of revenue. Companies that own a counting scale for coins
undergoes problems such as counterfeits, stolen or missing coins. Besides, the
coin counting scale machines have been configured in a way that it can’t be
changed manually. The device leads to a challenge because it can’t be altered to
accommodate or register lighter coins such as the Pennies.

Similarly, supposing the company doesn’t use a coin ...

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