The factor that is not a significant influence on a company's competitive environment is the availability of supportive organizational structures. Option C.
What is company's competitive environment about?The competitive environment of a company is mainly influenced by factors such as the number of competitors, their market share, pricing strategies, and the intensity of competition.
Organizational structures may influence how a company operates, but they are not a significant factor in determining the competitiveness of a company's environment.
Hence, the availability of supportive organizational structures is not a significant influence on a company's competitive environment.
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John received a promotion at work and felt new clothes would be necessary in the new position. John went to a local store and charged three ties on his charge account at a cost of $60 each. Bill, a friend of John's, saw a sidewalk vendor selling ties at a cost of three for $10 and bought three at that price. The friends compared purchases that night and found that they had purchased identical ties. John became enraged and said that he would not pay the charge-account bill because the ties were clearly not worth $60 each. Bill indicated that he would testify on John's behalf if litigation ensued. What would be the probable outcome of the lawsuit
Answer:
John will lose the lawsuit
Explanation:
Businesses have a right to set the price of their products, and when the customers considers the price and agrees with it the deal is sealed.
In the given scenario John made the purchase at $60 per tie and he was satisfied with the sale at point of purchase.
He only became enraged when Bill told him he bought his identical ties at $10.
John will lose a lawsuit of he fails to pay the charge-account bill because he willingly agreed to the $60 per tie price.
The following information is related to Sheffield Real Estate Agency.
Answer:
EDate Affect on Accounting Equation Affect on Account Oct-01 Debit Cash Debit Asset $ 21,750 Credit James Sheffield, Capital Credit Equity $ 21,750 Oct-02 Debit No Entry Debit Credit Credit
What is the best answer if a customer has a better price with the competition?
A customer informs that they have found a competitive provider who can offer service for less than what ADT currently offers.
What do you do?
Transfer the customer and have them speak further with account management.
Ask the customer for key features of the competitor and highlight how your offerings compare with overall value.
Explore the pricing differences with the customer and look for additional discounts that could be provided.
A customer informs that they have found a competitive provider who can offer service for less than what ADT currently offers, the best answer is to ask the customer for key features of the competitor and highlight how your offerings compare with overall value.
Thank the customer for their feedback and for considering ADT for their security needs.Ask the customer about the features and benefits that they are looking for in a security provider.Ask the customer to share details about the competitive provider's offerings, such as the price, contract terms, installation fees, equipment costs, etc.Listen carefully to the customer's needs and concerns.Explain the benefits of ADT's offerings and highlight the differences between the competitor's offerings and ADT's offerings.Emphasize ADT's strengths, such as the quality of the equipment, the expertise of the technicians, the responsiveness of the customer service team, the reliability of the monitoring service, and the range of features that are included in the package.If possible, offer the customer a special discount or promotion that would help to lower the overall cost of the service.Thank the customer again for their time and consideration, and let them know that you are available to answer any further questions they may have.For such more questions on customer
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On January 1, 2019, Sharon Matthews established Tri-City Realty, which completed the following transactions during the month: Jan. 1 Sharon Matthews transferred cash from a personal bank account to an account to be used for the business, $29,000. 2 Paid rent on office and equipment for the month, $2,250. 3 Purchased supplies on account, $2,300. 4 Paid creditor on account, $825. 5 Earned fees, receiving cash, $15,660. 6 Paid automobile expenses (including rental charge) for month, $1,620, and miscellaneous expenses, $830. 7 Paid office salaries, $2,200. 8 Determined that the cost of supplies used was $1,350. 9 Withdrew cash for personal use, $2,800. Required: 1. Journalize entries for transactions Jan. 1 through 9. Refer to the Chart of Accounts for exact wording of account titles. 2. Post the journal entries to the T accounts, selecting the appropriate date to the left of each amount to identify the transactions. Determine the account balances, after all posting is complete. Accounts containing only a single entry do not need a balance. 3. Prepare an unadjusted trial balance as of January 31, 2019. 4. Determine the following: a. Amount of total revenue recorded in the ledger. b. Amount of total expenses recorded in the ledger. c. Amount of net income for January. 5. Determine the increase or decrease in owner’s equity for January.
Answer:
Tri-City Realty
1. Journal Entries
Date Accounts Titles Debit Credit
Jan. 1 Cash $29,000
Common stock $29,000
To record the transfer of cash for common stock.
Jan. 2 Rent expense $2,250
Cash $2,250
Jan. 3 Supplies $2,300
Accounts payable $2,300
To record purchase of supplies on account.
Jan. 4 Accounts payable $825
Cash $825
To record the payment on account.
Jan. 5 Cash $15,660
Fees Revenue $15,660
To record earned fees.
Jan. 6 Automobile Exp. $1,620
Miscellaneous exp. 830
Cash $2,450
To record the payment of automobile and miscellaneous expenses.
Jan. 7 Office Salaries $2,200
Cash $2,200
To record the payment of office salaries.
Jan. 8 Supplies Expense $1,350
Supplies $1,350
To record the cost of supplies used.
Jan. 9 Drawings $2,800
Cash $2,800
To record cash withdrawn for personal use.
2.T-Accounts
Cash
Date Accounts Titles Debit Credit
Jan. 1 Common stock $29,000
Jan. 2 Rent expense $2,250
Jan. 4 Accounts payable 825
Jan. 5 Fees Revenue 15,660
Jan. 6 Automobile expenses 1,620
Miscellaneous expenses 830
Jan. 7 Office salaries 2,200
Jan. 9 Drawings 2,800
Jan. 9 Balance $34,135
Totals $44,660 $44,660
Common Stock
Date Accounts Titles Debit Credit
Jan. 1 Cash $29,000
Rent Expense
Date Accounts Titles Debit Credit
Jan. 2 Cash $2,250
Supplies
Date Accounts Titles Debit Credit
Jan. 3 Accounts payable $2,300
Jan. 8 Supplies expense $1,350
Jan. 9 Balance $ 950
Totals $2,300 $2,300
Accounts Payable
Date Accounts Titles Debit Credit
Jan. 3 Supplies $2,300
Jan. 4 Cash $825
Jan. 9 Balance $1,475
Totals $2,300 $2,300
Fees Revenue
Date Accounts Titles Debit Credit
Jan. 5 Cash $15,660
Automobile Expenses
Date Accounts Titles Debit Credit
Jan. 6 Cash $1,620
Miscellaneous Expenses
Date Accounts Titles Debit Credit
Jan. 6 Cash $830
Office Salaries
Date Accounts Titles Debit Credit
Jan. 7 Cash $2,200
Supplies Expense
Date Accounts Titles Debit Credit
Jan. 8 Supplies $1,350
Drawings
Date Accounts Titles Debit Credit
Jan. 9 Cash $2,800
3. Unadjusted Trial Balance as of January 31, 2019:
Accounts Titles Debit Credit
Cash $34,135
Supplies 950
Common stock $29,000
Accounts payable 1,475
Fees Revenue 15,660
Rent expenses 2,250
Automobile expense 1,620
Miscellaneous expense 830
Office salaries 2,200
Supplies expense 1,350
Drawings 2,800
Totals $46,135 $46,135
4a. Amount of total revenue recorded in the ledger:
= $15,660
b. Amount of total expenses recorded in the ledger:
= $8,250
c. Amount of net income for January:
= $7,410
5. Increase or decrease in owner's equity for January:
= $4,610
Explanation:
a) Total expenses:
Rent expenses 2,250
Automobile expense 1,620
Miscellaneous expense 830
Office salaries 2,200
Supplies expense 1,350
Total $8,250
b) Net Income:
Fees Revenue $15,660
Total expenses 8,250
Net income $7,410
c) Increase in Equity:
Net income $7,410
Drawings (2,800)
Increase = $4,610
Discuss the pros and cons of BMWs selective target marketing? What has the firm done well over the years and where could it improve? (20 marks)
Selective target marketing allows BMW to focus on a specific market segment, offering tailored products and services that appeal to its target audience.
This approach has several pros and cons.
Pros:
1. Precise targeting: By focusing on a specific group, BMW can create customized offerings that cater to the unique preferences of its customers, leading to higher satisfaction and brand loyalty.
2. Efficient resource allocation: Concentrating on a specific segment enables BMW to allocate resources efficiently, ensuring better returns on investment.
3. Enhanced brand image: By offering high-quality products and services to a select clientele, BMW has built a strong, premium brand image over the years.
Cons:
1. Limited market reach: Selective targeting may limit BMW's customer base, restricting potential growth.
2. Vulnerability to market fluctuations: Focusing on a single segment makes BMW vulnerable to changes in market dynamics, affecting its overall performance.
3. Increased competition: BMW faces fierce competition within its target segment, as competitors vie for the same customers.
Over the years, BMW has excelled at creating innovative, high-performance vehicles and maintaining a strong brand image. To improve, the firm could explore new market segments, diversify its product range, and adopt a more flexible marketing approach to accommodate the evolving preferences of its target audience.
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If research in the management area cannot be 100% scientific, why bother to do it at all? Comment on this question
Answer:
I can rearrange the words and add a couple of them to this statement and say that scientific research cannot be 100% accurate, so why bother to do it at all?
Management is a social science, therefore, most of the research carried out will not follow the scientific method since the number of variables are virtually infinite, e.g. there are trillions of variables in an economy like personal tastes and preferences of each individual, different income levels, how taxes affect each individual, individual savings habits, how marketing affects each individual, etc.
Some microeconomics research follows the scientific method but under very specific and controlled circumstances.
Research is an important tool for planning, and planning is one of the basic functions of management. Research can help a manger to predict future events, usually based on existing data and including new factors that can alter consumers' habits and decisions, e.g. research that tries to determine the future demand of hybrid (or electric or any other type of alternative fuel) vehicles based on historical demand of vehicles plus how will consumers' habits and preferences change in the future regarding green technologies.
Since we are dealing with humans, and humans are extremely unpredictable, research can serve management as a guide, but it doesn't represent an exact figure.
This is the same reason why no two analysts value stocks or companies in the same way, since subjective factors always exist, e.g. will large numbers of consumers accept electric cars, or will they prefer only hybrids, or would they accept other technologies like hydrogen instead. The previous Honda Civic which ran on compressed natural gas used to be the greenest car, but very few people accepted it. The Honda clarity runs on hydrogen, but still only Californians seem to like it. But Tesla is now the most valuable car company even though it barely sells any cars at all. According to market research, everyone will start buying Teslas in the near future and no one will buy any other brand (Tesla is worth more than virtually all other car companies combined), but is that research accurate? Only time will tell.
1. Think of three successful businesses in your area. If you could take over one of them as CEO today, which one would you choose and why? List the names of all three and explain why you choose them. (5-10 sentences.)
Answer:
10 points
2. Choose any national or global chain with an online presence. Do a web search and spend time looking at their website. List the company’s strengths in the space below. You may write in complete sentences or list form. (5-10 strengths) TIP: Look for strengths in different areas (product, price, promotion, place, sales, distribution).
Answer:
10 points
3. Now, determine 5-10 perceived weaknesses for the same business from question two. What areas need improvement? You may write in complete sentences or list form. (5-10 weaknesses) TIP: Look for weaknesses in different areas (product, price, promotion, place, sales, distribution).
Answer:
10 points
4. What opportunities does the business have to grow? Document at least 5 below. You may write in complete sentences or list form. (5-10 opportunities) TIP: Look for opportunities in different areas (product, price, promotion, place, sales, distribution).
Answer:
10 points
5. What threats is the company facing or likely to face in the future? Write down at least 5 in the space below. You may write in complete sentences or list form. (5-10 threats) TIP: Look for threats in different areas (product, price, promotion, place, sales, distribution).
Answer:
10 points
6. Explain why businesses should consider developing a SWOT analysis. What are the benefits and advantages of using this tool? (5-10 sentences)
Answer:
Answer: for number 2
10 points
2. Choose any national or global chain with an online presence. Do a web search and spend time looking at their website. List the company’s strengths in the space below. You may write in complete sentences or list form. (5-10 strengths) TIP: Look for strengths in different areas (product, price, promotion, place, sales, distribution).
Answer: Walmart.com their strengths are they can delivery you items within four days if theirs a Walmart in your zip code area they also sell items you couldn’t like cold food products in refrigerated box until delivered to your house
they also do pickup, huge discounts online.
So it is pretty much asking you to search a well known website like Walmart and other big global chain markets, you then would look at what their good at like delivering in a good short amount of time or sells and other good thing you could only get with them I got a A+ on this essay the only reason I'm not giving you the whole essay is you need to make your own answers for it based off what I told you above for 1 3 4 5
Provide the names of two (a) asset accounts, (b) liability accounts, and (c) equity accounts.
Answer:
two (a) asset accounts
Cash and cash equivalents, which is the most liquid asset.Inventory, which are the goods that the company buys or produces, to sell later on, and make a profit.two libability accounts
Acconts payable, which is the money that the company owes.Unearned revenue, which are revenues for goods or services that have not been delived yet.two equity accounts
Common stock, the most typical form of equity.Retained earnings, income that is left after paying dividends.Explanation:
Why do you think L.L. Bean empowered its employees to make independent decisions that ultimately have financial consequences?
Answer:
(Note please, the background of L.L. Bean was not stated. I am answering on a general note.)
L.L. Bean empowered its employees to make independent decisions that ultimately have financial consequences so as to save time needed to consult superior authorities for directions.
Explanation:
In the course of business, some customers might have needs and inquiries that have to be responded to on the spot so that they do not lose their patience and move to other competitors.
When an organization empowers its employees to make independent decisions that might affect the company financially, it is in a bid to serve the customers better by saving their time. This also instills trust and confidence in the company because the employees are knowledgeable of their services.
Write a paragraph about Bad customer service
Answer:
Bad customer service can be defined as when a business fails to meet the customer expectations in terms of service quality, response time, or overall customer experience. ... According to NewVoiceMedia, an estimated $62 billion is lost by U.S. businesses each year following negative customer experiences.Poor customer service can cause employees of a business to feel insecure and unhappy at work. Nobody likes being subject to anger from unpleased customers and without sufficient strategies in place to deal with these complaints, employees are far more likely to feel dissatisfied with their jobTrue or False? The placement of a product within a store, or online, can determine the sales performance of that product.
Answer:
true
Explanation:
Which phase of the economic cycle is characterized by prosperity?
O Contraction
O Peak
O Trough
O Recession
Answer:
peak
Explanation:
Cindy's apartment complex is offering renters insurance through their insurance company. The insurance company charges an annual premium of $565.00 which can be paid in equal payments throughout the year with her monthly rent. Cindy's monthly rent is currently $789.00. What will Cindy's new rent be if she includes the renters insurance?
Answer:
$836.08 per month
Explanation:
In order to calculate Cindy's new monthly rent, we would simply need to divide the renter's insurance by 12 since there are 12 months in a year. and then add that product to her monthly rent like so...
565.00 / 12 = 47.08
789 + 47.08 = 836.08
Finally, we can see that Cindy's new rent after including the renters insurance would be $836.08 per month
Select the correct answer from each drop down menu Benny has written the following rough draft for school choose the correct way to complete each sentence an agency law is a contract for an ___ who acts on behalf of a company government or an individual called the ___ the relationship formed due to the contract between an agent and the principle is called in ____ relationship
An agency law is a contract for an agent who acts on behalf of a company, government, or an individual called the principal. The relationship formed due to the contract between an agent and the principle is called an agency relationship.
In an agency relationship, the agent acts on behalf of the principal with their authority. The agency relationship can be created through express agreement, implied agreement, or by ratification. Express agreement is when both parties clearly express their intention to enter into an agency relationship. Implied agreement is when the actions of both parties indicate that they have an agency relationship.
Ratification is when the principal accepts the actions of an individual as their agent, even if they did not originally intend to create an agency relationship. In an agency relationship, the agent has a fiduciary duty to act in the best interests of the principal. This duty includes loyalty, obedience, and disclosure of information.
Overall, an agency relationship is an important legal concept that allows individuals or companies to act on behalf of others. Understanding the responsibilities and duties of both parties in an agency relationship is crucial to ensuring a successful partnership.
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New Venture Management (1)
1. Explain the below the process of financial management.
*. Importance of Financial Statements - Preparation of historic Financial statements
*. Forecasts - Preparation of Forecasts
*. Budgets - Preparation of pro forma financial statement
*. Financial Ratios - Ongoing analysis of financial results
The process of financial management involves the preparation and analysis of historic financial statements, forecasts, budgets, and ongoing monitoring of financial ratios.
The process of financial management involves several key components that contribute to effective financial decision-making and the overall financial health of a business. Here is an explanation of each component:
Importance of Financial Statements - Preparation of Historic Financial Statements:
Financial statements, such as the income statement, balance sheet, and cash flow statement, provide a historical snapshot of a company's financial performance, position, and cash flows. These statements are crucial for assessing profitability, liquidity, solvency, and overall financial stability. By analyzing past financial statements, management can identify trends, evaluate the impact of previous decisions, and make informed decisions for the future.
Forecasts - Preparation of Forecasts:
Forecasts involve projecting future financial performance based on historical data, market trends, and other relevant factors. This process helps businesses anticipate potential opportunities, challenges, and financial needs. Forecasts typically include projected income statements, balance sheets, and cash flow statements, providing insights into expected revenue, expenses, assets, liabilities, and cash flows. It enables management to plan and allocate resources effectively, set financial goals, and make strategic decisions.
Budgets - Preparation of Pro Forma Financial Statements:
Budgets are financial plans that outline anticipated income, expenses, and cash flows for a specific period, typically on a monthly, quarterly, or annual basis. Pro forma financial statements, including pro forma income statements, balance sheets, and cash flow statements, are created as part of the budgeting process. Budgets help in setting targets, allocating resources, and monitoring performance against the planned financial objectives. They serve as a roadmap for financial management and aid in identifying areas that require adjustment or improvement.
Financial Ratios - Ongoing Analysis of Financial Results:
Financial ratios are quantitative indicators that provide insights into a company's financial performance, efficiency, and profitability. Ratios compare different financial figures from the financial statements to assess liquidity, profitability, solvency, efficiency, and other key aspects. By monitoring and analyzing financial ratios on an ongoing basis, management can identify trends, compare performance against industry benchmarks, and make informed decisions to optimize financial performance. These components contribute to understanding a company's financial position, making informed decisions, and driving sustainable growth and profitability.
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How would a list of personal property and its worth help when
purchasing insurance?
A. It would help the insurance company know if the
individual will be late on insurance payments.
OB. It would help the individual decide how much
coverage he or she needs to purchase.
C. It would help the individual negotiate a better rate for
his or her insurance premiums.
D. It would help the insurance company know if the
individual is sincere or fraudulent.
1. If 26,000 units are produced and sold, what is the variable cost per unit produced and sold?
2. If 35,500 units are produced and sold, what is the variable cost per unit produced and sold?
3. If 26,000 units are produced and sold, what is the total amount of variable cost related to the units produced and sold?
4. If 35,500 units are produced and sold, what is the total amount of variable cost related to the units produced and sold?
5. If 26,000 units are produced, what is the average fixed manufacturing cost per unit produced?
6. If 35,500 units are produced, what is the average fixed manufacturing cost per unit produced?
7. If 26,000 units are produced, what is the total amount of fixed manufacturing overhead incurred to support this level of production?
8. If 35,500 units are produced, what is the total amount of fixed manufacturing overhead incurred to support this level of production?
1. The variable cost per unit produced is $22.00.
2. The variable cost per unit produced is $22.00.
3. The total variable costs for units produced is $572,000.
4. The total variable costs for units produced is $781,000
5. The average fixed manufacturing cost per unit is $7.81.
6. The average fixed manufacturing cost per unit is $5.72.
7. The total fixed manufacturing cost is $202,950.
8. The total fixed manufacturing cost is $202,950.
Data and Calculations:
Relevant production range = 26,000 to 35,500 units
Average production and sales units = 30,750 units
Average Variable Costs:
Direct materials $ 8.60
Direct labor $5.60
Variable manufacturing overhead $ 3.10 $17.30
Sales commissions $ 2.60
Variable administrative expense $ 2.10 $4.70
Total variable costs $22.00 $22.00
Fixed Costs:
Per Unit Total
Fixed manufacturing overhead $ 6.60 $202,950 ($6.60 x 30,750)
Fixed selling expense $ 5.10 $156,825 ($5.10 x 30,750)
Fixed administrative expense $ 4.10 $126,075 ($4.10 x 30,750)
Total fixed costs for 30,750 units $485,850
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The following question may be like this:
Kubin Company’s relevant range of production is 26,000 to 35,500 units. When it produces and sells 30,750 units, its average costs per unit are as follows:
Average Cost per Unit
Direct materials $ 8.60
Direct labor $ 5.60
Variable manufacturing overhead $ 3.10
Fixed manufacturing overhead $ 6.60
Fixed selling expense $ 5.10
Fixed administrative expense $ 4.10
Sales commissions $ 2.60
Variable administrative expense $ 2.10
Required:
1. If 26,000 units are produced and sold, what is the variable cost per unit produced and sold?
2. If 35,500 units are produced and sold, what is the variable cost per unit produced and sold?
3. If 26,000 units are produced and sold, what is the total amount of variable cost related to the units produced and sold?
4. If 35,500 units are produced and sold, what is the total amount of variable cost related to the units produced and sold?
5. If 26,000 units are produced, what is the average fixed manufacturing cost per unit produced?
6. If 35,500 units are produced, what is the average fixed manufacturing cost per unit produced?
7. If 26,000 units are produced, what is the total amount of fixed manufacturing overhead incurred to support this level of production?
8. If 35,500 units are produced, what is the total amount of fixed manufacturing overhead incurred to support this level of production?
When using the Copy to Purchase Order feature from within an Estimate, where do you need to turn on Use Purchase orders?
Answer:
Account and Settings > Expenses > Purchase orders
Explanation:
Question 1 of 10
The was developed as a result of the Securities Act and Securities
Exchange Act.
A. Federal Reserve Bank
B. Federal Deposit Insurance Corporation
C. Securities and Exchange Commission
D. Securities and Exchange Center of America
SUBMIT
Answer:
C
Explanation:
The Exchange Act created the Securities and Exchange Commission(SEC)
PLEASE HELP!! Retirement plans-
Under what circumstances is it better to be taxed later(when you retire and draw money from your account) instead of now?
Answer:
Though retirement may seem far off, saving for it as early as possible will ensure you have enough money to get you through your retirement years. In addition, investing benefits from compounding returns, which will increase your money more over a longer period of time.
consumers use expanded decisions when purchasing?
Answer:
Consumers use expanded decisions when purchasing high-priced, complex, or unfamiliar products. Expanded decision-making involves a high level of involvement by the consumer, who engages in extensive information search, evaluation of alternatives, and consideration of the consequences of the decision. This type of decision-making is often used for products that are expensive, have a high degree of risk, or are infrequently purchased. For example, a consumer might use expanded decision-making when purchasing a car, a home, or a college education. In contrast, for products that are low-priced, frequently purchased, or have low risk, consumers often use limited decision-making or routine decision-making.
hope it helps you...
Sovereignty can best be described as ________.
Answer:
a government asserting control over and responsibility for its citizens and their actions.
Explanation:
Sovereignty means the power, right and ability of a government to exercise control over itself without any foreign or external control. It means the state of being supreme in authority.
Sovereignty enables a state or a government have total control over its citizens without external influence and also gives a state the capacity to enter into relations with other states. Sovereignty gives power to the people to have their leaders or government elected hence important because such government must be respected due to its sovereign status.
What is Ezy MultiStores?
Answer:
This is a cloud based platform that allows you to create profit generating "Authority E commerce Affiliate stores"by letting you add products from major E commerce networks without any other approval hassles
Is there a company in a specific industry that can get by without having any customer service? If so, why and how does that make sense?
Answer:
No
Explanation:
Customer service has a great impact on every business, every company must train it's staff on how to listen to customers and attend to their needs in a polite and professional manner.
A great customer service will keep customers happy and satisfied, this will in turn make them want to come back to do more business. A satisfied customer will go extra length to recommend others to the company but unsatisfied customer that feels that his needs weren't addressed properly or his request wasn't attended to, such customer will not likely but from the company and also bad mouth the company to others and this will leave a great impact on the company growth.
In summary, no company in a specific industry would survive or get by without having customer service as this is part of what makes a company grow.
Which of the following will least likely be regarded as a key success factor for a high prestige restaurant?
Strong business identity, attracting and maintaining workers, providing a friendly environment, becoming familiar with profit and loss accounts, and developing a profitable menu are just a few of the critical characteristics of a successful restaurant.
The food at a fine dining establishment will be of the highest quality, made using premium ingredients, and presented in unique and elegant ways. The quality of the dishware and cutlery is also higher, and the décor and even the architecture of the restaurant itself are often noteworthy.
A well-known restaurant is known for its food, and delicious food is an essential aspect of a good restaurant. People will not return to your restaurant if the cuisine is not excellent. This is why good cuisine is such an important component of a successful restaurant.
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2.A pump has failed in a facility that will be replaced in three years. A brass pump costing $6,000 will last three years. A used stainless-steel pump that should last three years has been sitting in the maintenance shop for a year. The pump cost $13,000 new. The pump is currently valued at $7,000. The maintenance supervisor says that it will cost an extra $500.00 to reconfigure the pump for the new use, and she has noted that it could be sold used (as is) for $4,000. a.How much cheaper or more expensive would it be to use the stainless-steel pump rather than a new brass pump
Answer:
-$1,500 more expensive
Explanation:
Calculation for How much cheaper or more expensive would it be to use the stainless-steel pump rather than a new brass pump
Using this formula
Cheaper or more expensive=Brass pump value-( Current pump value+Pump reconfigure extra amount spent)
Let plug in the formula
Cheaper or more expensive =$6,000-($7,000+$500)
Cheaper or more expensive =$6,000-$7,500
Cheaper or more expensive =-$1,500 more expensive
Therefore based on the information given the stainless steel pump will be $ 1500 more expensive than the brass pump.
Which best describes how consumers may benefit from specialization?
Consumers can only purchase high-quality goods.
Consumers have more price options.
O Consumers receive more sale offers.
O Consumers find products at lower prices.
In specialization a company have produced the product at different price levels. Consumers have more price options.
What is consumer?A consumer is a person who purchases the goods and or services from the business and is also the ultimate user of the products or services. In specialization the company produces a certain product at many different levels by which they have many price options available which vary according to their customization and quality that can be offered to the consumers and hence the customer can purchase different types of a single product from a single company or Brand.
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On January 2, Chaz transfers cash of $143,400 to a newly formed corporation for 100% of the stock. In its initial year, the corporation has net income of $35,850. The income is credited to its earnings and profits account. The corporation distributes $10,755 to Chaz.
A. How do Chaz and the corporation treat the $10,755 distribution?
B. Assume instead that Chaz transfers to the corporation cash of $71,700 for stock and cash of $71,700 for a note of the same amount. The note is payable in equal annual installments of $7,170 and bears interest at the rate of 6%. No distributions are made during the year to Chaz. However, at the end of the year, the corporation pays an amount to meet the loan obligation(i.e., the annual $7,170 principal payment plus the interest due). Determine the total amount of the payment and its tax treatment to Chaz and the corporation.
The corporate payment to Chaz totals $_____. Chaz has interest of $______ and a note repayment of $____ of which $____is taxable to Chaz. The corporation has a deduction of $____$ of which $ is taxable to Chaz. The corporation has a deduction of $.
Answer: See explanation
Explanation:
A. Chaz has a taxable dividend of $10,755 and the corporation has a deduction of $0.
It should be noted that the dividend will be taxable once it gets to the receivers hand while the corporation will have a deduction of 0
B. The corporate payment to Chaz totals $11472. Chaz has interest of $4302 and a note repayment of $7170 of which $4302 is taxable to Chaz. The corporation has a deduction of $4302
Notes:-
Interest = $71700 × 6%
= $71700 × 0.06
= $4302
Total repayment:
= First installment + Interest
= $7170 + $4302
= $11472
New York and Ohio are among the states with the most remaining drive in movie screens . New York has 4 more screens than Ohio and there are 52 screens total in the two states . how many drive in movie screens remain in each state.
Benjamin is planning to go to graduate school in a program that will take three years. Benjamin wants to have $10,000 available each year for his school and living expenses. If he earns 6% on his investments, approximately how much must be deposited at the start of his studies for him to withdraw $10,000 a year for three years
Answer:
$26,730
Explanation:
The amount to be deposited can be determined by finding the present value of the annuity
Present value is the sum of discounted cash flows
Present value can be calculated using a financial calculator
Cash flow each year from year 1 to 3 = $10,000
I = 6%
PV = $26,730
To find the PV using a financial calculator:
1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.
2. after inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.
3. Press compute