An Enlightening Dining Experience Case Study Example | Topics and Well Written Essays - 1750 words

An Enlightening Dining Experience - Case Study Example We took a turn down Newberry Road, and ran into a tiny, modern looking restaurant with a large, lit dragon on the top. Next to the dragon read Bento Cafe. Bento, as in bento box Interesting enough, we pondered. We thought that at least it had to be better than that delivery pizza. Out of curiosity, we rushed inside the restaurant through the pouring rain. I must admit that I have been to many restaurants and fast food places, but Bento Caf is far from ordinary. Bento Caf portrays a unique concept, catering to college students around ages eighteen to twenty two. It's overall theme or story, dcor and atmosphere, cuisine, specialty items, reasonable prices and its proximity to campus all can be described as very unique and culminate to produce this unique concept. It wasn't until the time we sat down that I really had a chance to take in Bento Caf's unique theme: a very small, but different type of caf or sushi bar. Many may call Bento the "McDonald's" of Japanese sushi restaurants. Far from this, Bento defines a novel trend in everyday dining experiences. It is modeled after popular cafes found in the urban parts of Japan and Taiwan. Bento Caf utilizes Zen architecture and interior design, creating a neat and uncluttered overall presentation. To complete the effect, Bento serves many of their meals in Bento boxes or little partitioned trays which are modeled after a traditional Japanese box lunch. In the Japanese culture, a box lunch is actually an art form because Japanese women may spend hours on cooking and color coordinating the food, chopsticks, tray, and the napkin for their children to carry to school or their husband to carry to work. Although this may seem a bit paltry, it actually defines a common theme in Japan. Thus, these are th ought of as the cafeteria trays of Japan. This overall theme of Bento Caf may be novel for Westerners like us but defines what is traditional for the Japanese. This theme makes it a perfect place for young people to dine in and hang out. A diner in Benton might note its very unique atmosphere which enhances its overall appeal. The restaurant can be described as different because it fuses Japanese tradition with the modern market. While some may chastise the cool and casual feel of Bento, it is extremely hip, and beckons a younger crowd of people. Compared to the usually dull and monotonous atmosphere of fine dining sushi restaurants, Bento's design is hip and trendy. Bento incorporates hard surfaces and sharp edges with the sparkle of the black marble looking tables, dark blue tiles and metallic smattering; the dcor is far from mundane and can be described as ultra-modern. The subdued lighting, neon, polished concrete, wooden chairs and flat screen televisions on the wall add to the overall ultra modern theme. However, this is balanced with soft candle lights, and blue and silver highlights which is very appealing to many college students. The glowing tables due to the brilliant lighting enhance the setting. The mus ic in the background offers a very loungy and hip appeal. Towards the back of the caf lie a couch and a seating arrangement around a large window while a flat screen television resides in front of the couch. In its commitment to offer a perfect place, cleanliness is maintained throughout its

Management accounting Essay Example | Topics and Well Written Essays - 1750 words

Management accounting - Essay Example The BASE formula helps in determining what caused the actual ending balances of all working capital accounts. Budgeted Balance Additions Subtractions (use to get back to actual balance) Ending Balance (actual) To understand what happened with everything else we must first understand the impact of the Raw Material Stocks. Raw Material Stocks Budgeted Balance 150,000 Additions 36,000 Subtractions 0 Ending Balance (actual) 186,000 By viewing the BASE formula we can see that the Raw Material Stocks balance was greater than the budgeted balance by 36,000 and based on the knowledge that production levels were about the same, this means that the materials would only increase not decrease because the balance was planned to be 150,000 based on production and with a 36,000 increase with the same production. A purchase of Raw Material Stocks equaling 36,000 must have been made. The issue that caused this was probably due to decreased efficiency in using materials. When Raw Materials must be pur chased beyond what is budgeted this means there is an unfavorable variance of 36,000. In order to correct this issue the company must come up with a standard of how much Raw Material stocks to use and then if costs allow, use a supervisor to ensure this standard is upheld. Creditors Budgeted Balance 66,000 Additions 36,000 Subtractions 51,000 Ending Balance (actual) 51,000 We can assume based on these numbers that the company added more debt from creditors of about 36,000 since inventory had been bought through creditors the balance increased by the amount of increase in the Raw Material Stock balance. Therefore since the ending balance of creditors was less than the beginning we can see that the company must have paid off creditors in excess of the added debt. That excess is equal to the beginning balance of 66,000 plus added debt of 26,000 minus the ending actual balance of 51,000, which means the company paid toward what was owed creditors, which was 51,000. The issue that may ha ve occurred is that current debts might have become due and therefore these debts had to be satisfied. Thus payment was made to the creditor decreasing working capital. In order to prevent this from happening again debt should be kept to a low amount, paid in a timely manner and cash should be kept in order to satisfy debt. Bank Budgeted Balance 4,500 Additions 7,500 Subtractions 51,000 Ending Balance (actual) (39,000) Due to the fact that the company paid creditors 51,000, that amount must come out of the Bank balance since there is no cash on hand. The beginning balance was only 4,500 and the ending balance was negative 39,000 therefore the company must have added 7,500 to the bank account. Where did that 7,500 come from? The issue is that there is an overdraft of the bank account. This has happened due to the purchases of Raw Material Stocks of 36,000 but the company did not generate enough cash in order to meet its burdens. To prevent this from happening again the company must i ncrease its liquidity by keeping inventory levels low, and the bank/cash balance high. Debtors Budgeted Balance 60,000 Additions 37,500 Subtractions 7,500 Ending Balance (actual) 90000 The debtors actual balance was 30,000 greater than the budgeted balance but what specifically happened was that debtors purchased the same amount of products that was involved in sales but 30,000 of these sales were credit sales. The issue is that there are more creditors that projected. This is a big problem because its likely that some of these debtors will become