An individual pays for service rendered so when someone buys something on the menu, what are they paying for service.
What is service charge?A service charge is the amount an individual pays for a service that is been rendered.
It could be a product that is purchased or workdone and the amount is computed and paid for.
Therefore, When someone buys something on the menu, what are they paying for service.
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HELP ME PLEASE
The following transactions and
events have occurred during March 2022 in ABC Company
1 The company issued shares in exchange for $400,000 cash.
2 Borrowed $150,000 from a Local Bank payable in 1 year. (Interest is = 12% annually)
Purchased a machine for $100,000, paying $50,000 cash, and the rest will be paid later.
3 (Depreciates at a rate of $10,000 per month.)
4 Billed customers $80,000 for services performed.
5 Purchased in cash $4,500 of supplies. (Only $500 remained by the end of the month)
Received $4,800 cash in advance from customers for services to be performed in three
6 months.
7 Paid Dividends of $4,000 in cash.
Required:
1. Analyze each of the transactions in terms of its effect on the accounting equation elements. 2. Prepare the necessary journal entries for the month and post to the Ledger.
3. Prepare the Trial Balance.
4. Prepare and post the necessary adjusting entries.
5. Prepare the Adjusted Trial Balance.
6. Prepare the Income statement, Retaining Earnings statement, and Statement of financial Position.
7. Prepare and post the closing entries.
8. Prepare the Post-Closing Trial Balance.
Answer:
d
Explanation:is wrong i got it wrong on edg
What impact does international marketing have on firms and consumers? Is it beneficial to all concerned?
Answer:
expands and diversifies your revenue sources by introducing your goods and services to customers in other countries
Explanation:
Thus, if the domestic economy gets sluggish, you can temper the effect through revenue from countries with healthier economies.
Hope it helps!!!Brainliest pls!!!Which of these clauses is most likely not in Freeman's collective bargaining agreement?
The clause that is not most likely in Freeman Audio-Visual's collective bargaining agreement is A) individual rights.
What are individual rights?According to popular definitions, individual rights refer to the rights that an individual requires to pursue their lives and attain goals without interference, either from another individual or the government.
What is a collective bargaining agreement?A collective bargaining agreement is a labor union agreement reached between workers and an organization based on negotiated work conditions.
The collective bargaining agreement also contains the interpretation and enforcement of the collective agreement and the resolution of the ensuing conflicts.
Question Completion with Answer Options:Labor unions are organizations of employees formed to protect and advance their members’ interests by bargaining with management over job-related issues. The goal of this video case is to apply your knowledge of labor relations theory to Freeman Audio-Visual, which heavily utilizes labor unions.
A) individual rights
B) wage component
C) grievance procedure
D) tiered Benefits
E) security.
Thus, the clause that is not most likely in Freeman Audio-Visual's collective bargaining agreement is A) individual rights.
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The Freeman's collective bargaining agreement was the labor union agreement for the negotiation of working condition. The clause not included in the agreement is individual's rights.
What are the clauses involved in the Freeman's collective bargaining agreement?The labor union collectively bargained with the organization for the negotiation to acquire the better working conditions.
The clause that were includes were not involved with the individual rights of the living for the labor. The clauses include are:
Wage componentGrievance procedureTiered BenefitsSecurityTherefore, the clause not included in the Freeman's collective bargaining agreement was the individual's right.
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State 3 scenarios on how studying human behavioral organization can have a great impact on you as an individual in establishing a healthy workplace.
The three scenarios on how studying human behavioral organization can have a great impact include;
Conflict resolutionInteraction with colleagues .Execution of tasks such as salesWhat is Behavior?This is defined as the way in which an individual conducts him or herself in an environment.
To maintain a healthy workplace, human behavioral organization have a great impact in the scenarios which are mentioned above.
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Transformational leadership: ____________
a. Helps followers to transcend their own self-interests for the good of the group.
b. Communicates high expectations.
c. Is a process in which leaders and followers exchange efforts for specified rewards.
d. Is an interactive process in which the leader tries to shift power to those who are being led.
Leadership is a way of leading others towards a certain goal. The one in charge of the leading or steering the mantle of leadership is known as a leader.
Characteristics of Transformational leadershipTransformational leadership helps followers to transcend their own self-interests for the good of the group.
There are types of leaders in every context. There are good and bad leaders. A transfirmational leader helps followers to achieve their personal interests.
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Recently, it was announced that two giant French retailers, Carrefour SA and Promodes SA, would merge. A headline in the Wall
Street Journal blared, "French Retailers Create New Wal-Mart Rival." While Wal-Mart's total sales would still exceed those of thef
combined company, Wal-Mart's international sales are far less than those of the combined company. This is a serious concern for Wal-
Mart, since its primary opportunity for future growth lies outside of the United States.
Below are basic financial data for the combined corporation (in euros) and Wal-Mart (in U.S. dollars) in a recent year. Even though their
results are presented in different currencies, by employing ratios we can make some basic comparisons.
Carrefour
(in millions)
Wal-Mart
(in millions)
Sales revenue
€70.486
$256,329
Cost of goods sold
54,630
198,747
Net income
1,738
9,054
Total assets
39,063
104,912
Current assets
14,521
34,421
Current liabilities
13,660
37,418
Total liabilities
29,434
61,289
Compare the two companies by answering the following
Based on the balances given of the companies, Carrefour SA and Promodes SA, and of Wal-Mart, the following are true:
Carrefour gross profit rate = 22.5%.Walmart's gross profit rate = 22.5%.Carrefour profit margin = 2.5%.Walmart's profit margin = 3.5%.What is Carrefour's gross profit rate?This is:
= (Sales revenue - Cost of goods sold) / Cost of goods sold
= (70,486 - 54,630) / 70,486
= 22.5%
What is Walmart's gross profit rate?= (256,329 - 198,747) / 256,329
= 22.5%
What is Carrefour profit margin?= Net income / Sales revenue
= 1,738 / 70,486
= 2.46%
What is Walmart's profit margin?= 9,054 / 256,329
= 3.5%
The original question asks for the gross profit rate and the profit margin of both companies.
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What is the first step in the marketing research process?
Answer:
tu eres pro y mis amigas me volvieron cursi
CHAPTER 8, TEST A
True or False
Mark statements 1-24 true or false by writing Tor F on the line provided.
1.
All four types of market structure have similarities, including the fact that each of them has
buyers and sellers.
2. In a perfectly competitive market, buyers and sellers have relevant information about prices,
product quality, and sources of supply.
3. The stock market is an example of a perfectly competitive market.
4. If a perfectly competitive market doesn't satisfy all four characteristics 100 percent, then it isn't
a perfectly competitive market.
5.
Profit attracts new firms into the perfectly competitive market.
6.
There is ease of entry into a monopolistic market.
7. It is important to a monopolist to search out the best price through trial and error.
8. In some towns, cable television providers and trash collectors are monopolists
9. A pharmaceutical company may have a copyright on a medicine, which protects its company
from competitors for a period of time.
10. A patent is granted for a new product or process for five years.
11. Barriers to entry limit potential competition.
12. Owning all of a scarce resource can allow a firm to operate as a monopoly without legal
protection.
13. Antitrust laws are meant to control monopoly power and to promote competition.
14. The main points of the Sherman Act prohibit actions that result in restraint of trade and hold
the conspiring persons guilty of a misdemeanor.
15. A natural monopoly exists when a firm's product is made with resources provided by nature.
16. The U.S. Supreme Court decides some antitrust cases.
17. The term colluding refers to making secret agreements that reduce competition.
18. Taxi and limousine service in New York City is relatively inexpensive due to the ease of entry
into that market.
The marking of the statements 1-18 as true or false is as follows:
1. True. The main similarity among the four market structures is the existence of buyers and sellers.
What are the four market structures?The four market structures are:
Perfect competitionMonopolistic competitionOligopolyMonopoly.They all have buyers and sellers, though, the number differs from one to the other.
2. True. In a perfectly competitive market, buyers and sellers have relevant information about prices, product quality, and sources of supply.
3. True. The stock market is an example of a perfectly competitive market.
4. True. If a perfectly competitive market doesn't satisfy all four characteristics 100 percent, then it is not a perfectly competitive market.
5. True. Profit attracts new firms into the perfectly competitive market.
6. False because there is no ease of entry into a monopolistic market.
7. False. It is not important to a monopolist to search out the best price through trial and error.
8. True. In some towns, cable television providers and trash collectors are monopolists.
9. False. Copyright is not required on medicine to protect a pharmaceutical company from competitors. But a patent is required because copyrights are for intellectual property rights.
10. False. Patents are usually granted for 20 years and not five years.
11. True. Barriers to entry limit potential competition.
12. True. Owning all of a scarce resource can allow a firm to operate as a monopoly without legal protection. This is regarded as a natural monopoly.
13. True. Antitrust laws are meant to control monopoly power and promote competition.
14. True. The Sherman Act prohibits anti-trust actions, which restrain trade.
15. True. A natural monopoly exists when a firm's product is made with resources provided by nature.
16. True. The U.S. Supreme Court decides some antitrust cases.
17. True. The term colluding refers to making secret agreements that reduce competition.
18. True. Taxi and limousine service in New York City is relatively inexpensive due to the ease of entry into that market.
Thus, the marking of statements 1-18 as true or false is completed.
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A fire captain informs the battalion chief that two seatbelts in a fire truck have become frayed. In the communication process what part are the frayed seatbelts part of? A. the message b. the receiver c. the sender d. the reporter
Option A. In the communication process, the frayed seatbelts part of the message.
What is the communication process?Four essential elements make up the communication process. These elements consist of encoding, transmission medium, decoding, and feedback. Two other components are involved in the process, and those two additional factors are represented by the sender and the recipient.
The act of successfully communicating involves a number of phases or acts, which are referred to as the communication process. It involves a number of elements, including the communicator, the message being sent, the message's encoding, the receiver, and the message's decoding.
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#SPJ1
The series of seven transactions recorded in the following T accounts were related to a sale to a customer on account and the receipt of the amount owed. Briefly describe each transaction for letters (A) through (E).
(WORD BANK, USE WORD ONCE)
- Sale on account.
- Cost of goods sold for the sale on account.
- Note received from customer on account.
- Note dishonored and charged face value of note plus interest to customer’s account receivable.
- Payment received from customer for dishonored note plus interest earned after due date.
You have a SQL database that has the name of the countries and their population. You would like to ONLY get the name of the top 3 most populated countries. Which query will do it for you
Answer:
monologue to Puja the importance of 5small the importance of small scale and the importance of small businesses and the importance of small scale and the importance of small scale and the importance of small scale and the importance of small scale and place in I have heard a lot about it was thor to Puja and the importance of small scale and the importance of small scale of the park is my new account for the importance of small scale and the importance to Puja the importance of small scale of small scale and the importance of small scale and the importance of to
Explanation:
CUZ THE same time to Puja the importance of small scale and the other day I think the importance to Puja the importance of small scale of small businesses and the importance of small scale 4hhdhshdhdhdhehdhdhdhfh3 hhdjddh come back from a re of small businesses and the importance of small scale and 4place to Puja the importance of small scale and the importance to Puja and the importance of small scale and the importance to Puja the importance of small scale and the importance of small scale 2nd sea using the importance of small scale and the importance of small scale and the importance of small scale and the importance of small scale and the importance of small scale and the importance of small scale and the importance of small scale and the importance of small scale and the importance of small scale and the importance of small scale and the importance of small scale and the importance of small scale and the importance of small scale and the importance of small scale and the importance of small scale and the importance to Puja and the importance of small scale and the importance of small scale and the
A plank 4.7 m long and weighing 118 N has its left end resting on a block and the other end supported by a rope. The plank is in the horizontal position. If the greatest tension the rope can withstand is 435 N, how far from the block can a 51.0 kg girl walk out on the plank before the rope breaks?
Distance walked by the girl before the rope breaks is : 3.53 m
Given data
Length of plank = 4.7 m
Mass of plank = 118 N
Greatest tension the rope can withstand = 435 N
mass of girl = 51.0 kg
Determine distance walked by the girl before the rope breaksFirst step : balance the torque to determine the distance x
mg * x + 118 * 2.35 = 435 * 4.7 ----- ( 1 )
where ; x = distance of the girl from point A , Also 118 N willact on the center of mass of the plank hence ( length of plank / 2 = 2.35 m )
Back to equation ( 1 )
( 51 * 9.81 ) x = 2044.5 - 277.3
therefore : x = 3.53 m
Hence we can conclude that Distance walked by the girl before the rope breaks is : 3.53 m
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Two companies, Ghost and Phantom manufacture similar printer color cartridges. The following data for the two companies for the year 2020 are provided below:
Ghost ($) Phantom ($)
Sales revenue 90,000 108,000
Total costs 63,000 72,000
Variable Costs 40 % of sales revenue 40%
Based on the sales revenue for each company, the breakeven point in dollars are:
Ghost - $45,000.Phantom - $48,000What is the breakeven point in dollars for Ghost?This can be found by the formula:
= Fixed costs / Contribution margin ratio
The fixed costs are:
= Total costs - (Sales revenue x Variable cost percentage)
= 63,000 - (90,000 x 40%)
= $27,000
Breakeven point:
= Fixed cost / (( Sales revenue x (1 - 40%)) / Sales revenue)
= 27,000 / ((90,000 x ( 1 - 40%)) / 90,000)
= $45,000
What is the breakeven point for Phantom?= Fixed cost / (( Sales revenue x (1 - 40%)) / Sales revenue)
= (Total costs - (Sales revenue x Variable cost percentage)) / (( Sales revenue x (1 - 40%)) / Sales revenue)
= (72,000 - (108,000 x 40%)) / ((108,000 x (1 - 40%)) / Sales revenue)
= 28,800 / 0.6
= $48,000
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10. When are adjusting entries entered?
Question options:
A. At the beginning of the accounting cycle
B. At the end of the fiscal year
C. At the beginning of the fiscal year
D. At the end of the accounting cycle
describe three ways a twenty year old may begin building credit
am 16 years old and I love little kids. I like to organize special events—like birthday parties for children. I have decided that a great way to earn extra money is to provide families with children’s birthday parties for a modest fee. I do it all—arrange the food, supply the music, decorate the party room, play games, give away small prizes, even play the part of Bongo, the Birthday Clown. Families I know love the idea. I have an advertising plan figured out, with posters to put up at the local grocery stores.
What type of business organization do you recommend? Why?
The type of business organization recommended in this case is the sole proprietorship, which is a business managed by a single person, with greater facilities to start up.
Sole Proprietorship characteristicsIt is owned and managed by only one person, with no legal distinction between the company and the owner, that is, it is an unincorporated company, whose owner is responsible for paying personal income taxes on the company's profits.
Therefore, the advantages of a sole proprietorship are the reduction of bureaucracy and interest rates, giving the owner greater possibility of creating and maintaining the business.
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1. Bob bought a $135,000 term life insurance policy. He is 35 years old and does not smoke. Find
his annual premium
Based on then information given his annual premium is $175,50.
Annual premiumSince he bought a life insurance policy of the amount of $135,000 his annual premium can be calculated as:
Annual premium per $1000 of coverage for a 35-year old = 1.30
Annual premium=Life insurance policy/1,000 ×1.30
Where:
Life insurance policy=$135,000
Let plug in the formula
Annual premium=$135,000/1,000×1.30
Annual premium= $175.50
Inconclusion his annual premium is $175,50.
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QUESTION 2 of 10: Your Accounts Payable (A/P) T-account has a credit balance of $3,000. The following entries were made to your A/PT.
account credit $445, credit $34, debit $1,000, and credit $321. What is the new balance?
a) 5321
b) $2.000
C) 53.800
d) $2.800
true or false: many convenience stores place height markers near the inside of the front door
It should be noted that few convenience stores place height markers near the inside of the front door.
What is Security height marker?
Security height marker strips can be regarded as a security measures that is commonly used in banks, credit unions as well as gas stations and convenience stores.
It is very useful also in some other retail locations but not all those stores do put it near the inside of the front door some do put it very close to outside.
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Several years ago Amy Westbrook, who is in the lending business, loaned Sara Stuart $30,000 to purchase an automobile to be used for personal purposes. In August of the current year, Sara filed for bankruptcy, after paying back $1,000 of the loan to Amy. Amy was notified by the bankruptcy court that she could not expect to receive more than an additional $4,000. Amy has contacted you about the possibility of taking a bad debt deduction for the current year.
Required:
Write the letter to Amy that contains your advice as to whether she can claim a bad debt deduction for the current year.
In a letter written to Amy to advice her on whether she can claim a bad debt deduction, the best advice is that she can indeed take the bad debt deduction in the current year.
When can a bad debt deduction be claimed?IRS rules state that a business cannot claim a deduction for a bad debt if the debt has deemed to be totally worthless which means that the rest of the amount cannot be collected.
The bankruptcy court here has told Amy that she cannot receive more than another $4,000 which means the rest of the debt is worthless.
Amy can and should therefore claim the bad debt as a deduction for tax purposes.
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how does work ethic assist a school leaver to become a successful business owner
Answer:
Employees with excellent work ethic are often considered by employers for opportunities for special projects because
Quick assets are defined as: ______________
a. Cash, short-term investments, and accounts payable.
b. Cash, short-term investments, and current receivables.
c. Cash, inventory, and current receivables.
d. Cash, noncurrent receivables, and prepaid expenses.
e. Accounts receivable, inventory, and prepaid expenses.
Other receivables whose collection is expected beyond one year are reported on the balance sheet under
a. Property, Plant, and Equipment.
b. Investments.
c. Current Assets.
d. Long-Term Liabilities.
Answer:
b investments
Explanation:
Expanding a business
will ultimately lead to more revenue.
Answer:
Expansion might involve adding employees and franchises, increasing your marketing efforts, forming an alliance, offering new products or services, merging with or acquiring another business, or expanding online.
Explanation:
You want to change your working hours so you can go to your part-time job
An employee can request for a reduction in working hour by addressing a letter to the Human resources while stating the reason which includes intention to work in a part-time job.
How do you negotiate work hours?Generally, the perfect time to negotiate flexible His when en employee received an offer from a new job
However, the employee can request for such hour reduction with relevant reason through a written letter.
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Why might a project manager avoid using technical language when giving a presentation to clients?
Answer:
Forget that you’re up there not to promote how wonderful you are, but to provide value to the audience.
Lose focus of what the audience needs from you. One way: Before you start talking, ask, “What do you hope to learn/achieve from this meeting?”
Fail to set objectives. Even if you don’t share them with participants, know what you want to achieve.
Proceed without a plan (also known as an agenda). Whatever you call it, it’s a map for how your session is going to go.
Wing it. Preparation is everything. Unless you’re an improv master, you have to figure out what you’re going to do, in what order and for how long. And almost everyone needs to practice.
Jump from point to point in a disorganized way. See #4 and #6.
ANSWER FAST please !!!
what is the measure of the total value of products and services produced in a country and sold to consumers, other
businesses and the government as well as exported to other countries for sale?
Answer:
GDP
Explanation:
Gross domestic product (GDP) is the monetary value of all finished goods and services made within a country during a specific period.
(I think that is the answer)
14. Which of the following skills are the most helpful for a salesperson?
O A. Quickness and accuracy
O B. Active listening and communication
O C. Creativity and judgement
O D. Addition and subtraction
In a recent survey of your major customers, you were disappointed to find that a majority of customers rated your company poorly on training and technical support for your products. You and your team have a made a firm commitment to improve this situation immediately using digital media.
Which of the following digital media tactics should you implement to most effectively address this issue for your customers?
a. You should establish one email address that customers can use to send emails about their problems with your products.
b. You should set up a video-sharing site where customers can upload videos of themselves explaining their problems with your products.
c. Start a blog for marketers to explain how much time and money the firm spends on training and technical support.
d. You should create a series of product demonstration podcasts for your customers to access online at their convenience.
e. You should create a virtual site for your customers to interact in a three-dimensional world.
Answer:
A. You should establish one email address that customers can use to send emails about their problems with your products.
Direct labor variances
Bellingham Company produces a product that requires 3 standard direct labor hours per unit at a standard hourly rate of $20.00 per hour. 15,800 units used 63,300 hours at an hourly rate of $19.80 per hour.
This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the questions below.
Open spreadsheet
What is the direct labor (a) rate variance, (b) time variance, and (c) cost variance? Round your answers to the nearest dollar. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number.
a. Direct labor rate variance $fill in the blank 2
b. Direct labor time variance $fill in the blank 4
c. Direct labor cost variance $fill in the blank 6
Feedback Area
Feedback
Unfavorable variances can be thought of as increasing costs (a debit). Favorable variances can be thought of as decreasing costs (a credit).
The labor cost variance is the difference between the actual and standard labor cost.
The direct labor rate variance is -$12,660 Favorable, time variance is $318,000 Unfavorable and cost variance is:$305,340 Unfavorable.
Direct labor rate variance
(a) Rate variance = Actual hours × ( Standard rate - Actual rate)
Rate variance= 63,300 × ( $20- $19.80)
Rate variance= -$12,660 Favorable
(b)Time variance = Standard rate × ( Standard hours - Actual hours)
Time variance= $20 × ( 3 × 15,800 - 63,300)
Time variance= $20 ×15,900
Time variance=$318,000 Unfavorable
(c)Cost variance = Time variance - rate variance
Cost variance=-$12,660+$318,000
Cost variance=$305,340 Unfavorable
Inconclusion the direct labor rate variance is -$12,660 Favorable, time variance is $318,000 Unfavorable and cost variance is:$305,340 Unfavorable.
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