Answer:
Answer is a.
Explanation:
- The first journal entry for encumbrances is:
Encumbrances 6,000
Encumbrances outstanding 6,000
- After the receipt of the invoice the journal entry should be:
Encumbrances outstanding 6,000
Encumbrances 6,000
Expenditures 5,900
Invoice 5,900
Answer:
Strengths:
- Name recognition is the biggest strength.
- they offer variety of products than its competitors and the products are of good quality at an affordable price.
Weaknesses:
- As it is being run as full-fledged restaurant overhead cost is high. this means their overhead cost is higher.
- They mostly cover urban areas with a considerable population and customer segment.
Opportunities:
- They have further scope to increase their product line according to the location and increase the revenue.
- Their facilities can be made more attractive and innovative to engage more customers.
- the business can lend and promote discounts to increase the satisfaction level of the customer.
Threats:
- increasing competition.
- Raising raw material price, especially dairy products that costomers want/need.
the business should work on:
The company has to focus more on new product development. Further, it is recommended to customize the taste of the product according to the local needs. Also, if the overhead cost is reduced by implementing modern and more economical infrastructure facility. The company has to make sure that, the facility also attract more customers. This would be added advantage to provide more offers and discounts to the customer. Hence this would increase customer satisfaction and bring more loyal customers.
Explanation:
C) They are income distributed only to retirees who have worked a certain amount of years. A pension plan provides for future retirement income based on the employee's earnings and length of service with the company. This type of pension plan is termed as a defined benefit plan.
Answer:
Emily has a basis of $60,000 in the shares of Red Corporation.
Explanation:
Emily's basis for Red Corporation's stock = real estate ($40,000) + service ($20,000) = $60,000
Sarah's basis for Red Corporation's stock = computers ($80,000) = $80,000
Even though both Emily and Sarah received 600 shares each, the basis for her tax calculations are different.
Answer:
Explanation:
The policy of tax cut will be less effective in country B than in country A since the value of the tax multiplier is lower in country B.
The multiplier effect refers to the increase in final income arising from any new injections.
Calculating the Multiplier Effect for a simple economy
k = 1/MPS
A = 1/0.1 =10
B= 1/.5=2
