I need a reply to this discussion. the reply must be at least 250 words. Do not just say good job or I learned something from your post. Replies are not a cheering exercise. Instead, your replies

I need a reply to this discussion.the reply must be at least 250 words. Do not just say good job or I learned something from your post. Replies are not a cheering exercise. Instead, your replies must be substantial, reflecting what you learned from reading the post, offering an extension, or correcting a mistake. Use what you learned in researching for your post (or knowledge gained from other classes or personal experience) to either supplement or critique the post you are writing about.The unique business valuation topic/issue Im going to discuss is the valuation of restaurants. Hitchner (2017) observes that at first glance, restaurants appear similar and the valuation process would seem cookie-cutter. In reality, each restaurant has unique characteristics that require individual analysis and assessment (p. 1144). Restaurants are a common feature of our daily lives, yet their valuation requires a modicum of specialized knowledge and experience. Restaurants offer appraisers the opportunity to test their skills and attitudes for the market observation (Rule, 2014). Hitchner (2017) compares each restaurant to a mini factory, stating that each restaurant uses skilled labor that has to assemble raw products that have to be ordered, inventoried, and controlled. There are production operations. The chefs/cooks, servers, and management have to be trained and supervised. These small factories have shifts for all three meals and just-in-time product lines have to be scheduled and produced. The mini factory has to be cleaned every day and prepared for the next day (p. 1144). The valuation professional has to be aware of all of these ins and outs of the restaurant business and the industry as a whole. To help them with this, A multitude of publications provide up-to-date industry information and statistics to be considered in preparing a valuation. In particularNations Restaurant Newsreports macroeconomic news about the industry, including consumer and menu trends, segment news, same-store sales statistics, market share data, and more, updated daily (Hitchner, 2017, p. 1145). Some problem areas that must be looked at closely by valuation professionals are things like does the restaurant lease equipment and is that cost shown properly on the balance sheet…The restaurant may take partial, infrequent, or inaccurate inventories, causing unusual variations in COGS and profitability (Hitchner, 2017, p.1152) Other problems valuation professionals should also take into account are that some restaurants might use management companies and the way the expenses reported on that could vary. Unreported sales and inventory shrinkage may need to be considered. Could there be deferred gift certificate or frequent diner club obligations not recorded as liabilities on the balance sheet? These liabilities could be material (Hitchner, 2017, p. 1152). One assumption that some falsely make is that the higher-priced locations always provide higher restaurant food sales than the lower-priced locations. This is quite often not the truth there are very many factors such as competition, visibility, access, synergy with surrounding developments, etc., that determine the potential restaurant food sales of any given location (Hartmann, 1996). It is also observed, though, that while good management can often overcome a bad location, average management most of the time cannot (Hartmann, 1996). In fact, management, according to Hitchner (2017), is a secret of restaurant valuation. Are their results consistent? Do they manage turnover well? Do they implement and monitor training programs, including food safety? How experienced are they? Enthusiastic? Customer friendly? Profit focused (p. 1157)? In conclusion, all of the above-mentioned factors and problems must be considered when conducting a restaurant valuation. These issues can be mitigated when the appraiser has knowledge of restaurant valuation and utilizes the correct approaches, methods, and techniques. According to USPAP, appraisers must be aware of, understand, and correctly employ those recognized methods and techniques that are necessary to produce a credible appraisal (USPAP).

Calculate your paper price
Pages (550 words)
Approximate price: -

Why Choose Us

Quality Papers

We value our clients. For this reason, we ensure that each paper is written carefully as per the instructions provided by the client. Our editing team also checks all the papers to ensure that they have been completed as per the expectations.

Professional Academic Writers

Over the years, our Acme Homework has managed to secure the most qualified, reliable and experienced team of writers. The company has also ensured continued training and development of the team members to ensure that it keep up with the rising Academic Trends.

Affordable Prices

Our prices are fairly priced in such a way that ensures affordability. Additionally, you can get a free price quotation by clicking on the "Place Order" button.

On-Time delivery

We pay strict attention on deadlines. For this reason, we ensure that all papers are submitted earlier, even before the deadline indicated by the customer. For this reason, the client can go through the work and review everything.

100% Originality

At Graduate Assistants, all papers are plagiarism-free as they are written from scratch. We have taken strict measures to ensure that there is no similarity on all papers and that citations are included as per the standards set.

Customer Support 24/7

Our support team is readily available to provide any guidance/help on our platform at any time of the day/night. Feel free to contact us via the Chat window or support email: support@acmehomework.com.

Try it now!

Calculate the price of your order

We'll send you the first draft for approval by at
Total price:
$0.00

How it works?

Follow these simple steps to get your paper done

Place your order

Fill in the order form and provide all details of your assignment.

Proceed with the payment

Choose the payment system that suits you most.

Receive the final file

Once your paper is ready, we will email it to you.

Our Services

Graduate Assistants has stood as the world’s leading custom essay writing services providers. Once you enter all the details in the order form under the place order button, the rest is up to us.

Essays

Essay Writing Services

At Graduate Assistants, we prioritize on all aspects that bring about a good grade such as impeccable grammar, proper structure, zero-plagiarism and conformance to guidelines. Our experienced team of writers will help you completed your essays and other assignments.

Admissions

Admission and Business Papers

Be assured that you’ll definitely get accepted to the Master’s level program at any university once you enter all the details in the order form. We won’t leave you here; we will also help you secure a good position in your aspired workplace by creating an outstanding resume or portfolio once you place an order.

Editing

Editing and Proofreading

Our skilled editing and writing team will help you restructure you paper, paraphrase, correct grammar and replace plagiarized sections on your paper just on time. The service is geared toward eliminating any mistakes and rather enhancing better quality.

Coursework

Technical papers

We have writers in almost all fields including the most technical fields. You don’t have to worry about the complexity of your paper. Simply enter as much details as possible in the place order section.