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svetoff [14.1K]
2 years ago
9

Does the manager of a licensed establishment need to obtain an rbs certification?.

Business
1 answer:
Ivenika [448]2 years ago
8 0

Answer:

Yes

Explanation:

Every establishment planning to serve alcohol should have a rbs certification.

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Suppose the probabilities of the recession or boom are .30, while the probability of a normal period is .40. would you expect th
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The standard deviation should decrease because there is now a lower probability of the more extreme outcomes. The expected rate of return on the auto stock is now

<h3>How is the variance calculated?</h3>

[0.3 × (–8%)] + [.4 × 5%] + [.3 × 18\%] = 5%[.3×(–8%)]+[.4×5%]+[.3×18%] = 5%

The variance is

[.3× (–8 – 5)^2] + [.4× (5 – 5)^2] + [.3×(18 – 5)^2] = 101.4

The standard deviation is √101.4 = 10.07 percent, which is lower than the value assuming equal probabilities of each scenario.

To learn more about variance, refer

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4 0
1 year ago
Onyx Company has prepared a static budget at the beginning of the month. At the end of the month, the following information has
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I think it’s B not sure
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3 years ago
Solt Corporation uses a job-order costing system and has provided the following partially completed T-account summary for the pa
BlackZzzverrR [31]

Answer:

The unadjusted Cost of Goods Sold for the year was: $403,000

Explanation:

<u>Calculation of Cost of Goods Sold</u>

Opening Finished Goods Inventory                    $38,000

Add Cost of Goods Manufactured for the year $415,000

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4 0
3 years ago
D’Lite Dry Cleaners is owned and operated by Joel Palk. A building and equipment are currently being rented, pending expansion t
lisov135 [29]

Answer:

1) equity = assets - liabilities

equity = $45,000 + $93,000 + $7,000 + $75,000 - $40,000 = $180,000

2) Since there is not enough room here, I used an excel spreadsheet to prepare the accounting equation.

     

3) D’Lite Dry Cleaners

Income Statement

For the month ended July 31, 202x

Revenues                                                       $116,875

Expenses:

  • Dry cleaning expense $29,500
  • Rent expense $6,000
  • Wages expense $7,500
  • Truck expense $2,500
  • Supplies expense $3,600
  • Utilities expense $1,300
  • Miscellaneous expense $2,700           ($53,100)

Net income                                                      $63,775

D’Lite Dry Cleaners

Balance Sheet

For the month ended July 31, 202x

Assets:

Cash $95,325

Accounts receivable $89,750

Supplies $5,900

Land $125,000

Total assets $315,975

Liabilities:

Accounts payable $49,200

Equity:

Capital $266,775    

Total liabilities and equity $315,975

D’Lite Dry Cleaners

Statement of Owner’s Equity

For the month ended July 31, 202x

Palk, Joel, capital, beginning balance    $180,000

Additional capital raised                           $35,000

<u>net income                                                  $63,775</u>

subtotal                                                     $278,775

<u>drawings                                                   ($12,000)</u>

Palk, Joel, capital, ending balance        $266,775

Download pdf
3 0
3 years ago
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