The MyPlate Food Guidance System recommends eating 1/2 of the needed grain ounce equivalents, as whole grains.
Answer:
Pharaoh Company
Income statement
For the year ended June 30, 2017
Revenue & Gains Amount
Service Revenue $7,910
Total revenue & gains (A) $7,910
Expense and losses:
Salaries and wages expense $1,810
Advertising expense $400
Supplies expense $2,370
Utilities expense $270
Maintenance and repair expense $630
Total expense (B) <u>$5,480</u>
Net Income (A - B) <u>$2,430</u>
Answer:
b) $10 trillion
Explanation:
Price level = NGDP / RGDP = 2
NGDP / RGDP = 2
As per the quantity theory of money,
MV = PQ
M.(2) = 20
M = 10 trillion
Therefore, The money supply is $10 trillion.
The correct answer is B) Compute gross margin per sales point.
Caroline is conducting a share point analysis for Bloomingdale's. First, she estimates total industry sales by compiling a list of all department stores and their sales for the previous year. Next, she estimates Bloomingdale's market share within the industry. To find the value of one share point, Caroline must <em>compute the gross margin per sales point.</em>
Gross margin is part of the income statement that firms or industries need to elaborate every year. This metric indicates a detailed description of a company's revenues, expenses, and profit. When preparing a budget, gross margin defines the limits a company must take into account. That is why Caroline must pay close attention to the calculation and computing.
Answer:
<u>Ensure accurate reliable accounting records</u>
Explanation:
Internal controls refer to those processes and procedures employed by the management of an entity so as to ensure efficient operations and to keep a check on frauds and compliance with better reporting requirements.
For example, biometric system of recording employee attendance which keeps a check as in who is actually on payroll and elimination of any dummy entries from the records.
The purpose of internal control is to safeguard assets, ensure that employees adhere by company policies, compliance with the law, promote operational efficiency and ensure reliable financial reporting without misrepresentation of facts.
