Do not take or accept the ID as proof of age because it may
be a fake or an altered ID. According to TABC, the ID must contain a
physical description and photograph that matches the customer’s appearance.
It means you cannot take the ID if there is an absence of either a photograph
or physical description, such as height, sex, and eye color. It must have both
a description and picture. You must also make sure the picture and description
both match the customer making the purchase. If they don’t match the customer
making the purchase, then you have good reason to consider they’re using
someone else’s ID.
Answer and Explanation:
The accounting principles and the suggestions are shown below:
a. Business Entity Concept:
In this given situation, the amount of $500 should be refunded to the business or it can be recognized as the withdrawal amount by Cathy Miller. The suggestion is that She should use a personal check for paying daycare in the future for her son
b. Going Concern Concept:
Since the business is closed for month-long vacation in the month of June. As Cathy's Antiques is not closing the business for permanent. As she plans for reopening on July 1. The suggestion is that she should hold an inventory decline sale or for other relevant sales.
c. Monetary Unit Concept:
The invoice should be restated in the united states for the purpose of accounting
d. Revenue Recognition Concept:
The revenue should be recognized when it is realized or earned. As the table is not delivered so the revenue should not be recognized.
The amount of $1,500 should be recorded for an account like deposits received from the customers until the delivering of the table is not done
Answer:
A set of business plans has to be established for Craig not to be totally broke in December
Explanation:
Below are sets of plan to take on for an effective business plan to yield growth
- Establish a results-driven planning process with prompts and definition of specific business terms and procedures.
- Organize the distinct business ideas possessed into an attractive yet concise visual format.
- Develop and monitor forecasts and budgets to see if there is a potential of the business to yield money.
- Work on convincing targeted investors with a proven and strategic format that should impress them.
- Seek professional advice and real life examples while working on yours.
- Consistently monitor the business you started using a unique dashboard and see how progressive you have been, the hurdles being encountered, and facilitating ways to better improve the said business.
With strict adherence to the above outlined plans, Craig does stand a chance of making profits and not being broke at December
Answer:
(g) Between 0 and -S7.5k because residents can substitute to other products
Explanation:
Data given in the question
Increase in price of typical soda = 10 cents
Total consumed = 150,000 sodas [er day
Dropped quantity = 75,000 sodas
So by considering the above information, the per day compensating variation of the tax varies from 0 and - 7,500
Since the sugar sweetened sodas is treated as a normal goods. Moreover, people can substitute the other goods also if there is an increase in a price of the good
The -7,500 is come from = (-75,000 × 0.10)
The options are as follows
(a) Greater than -$15k because soda is a luxury good with income (b) -$15k because that is the old consumption level times the value of the tax (c) Between -S7.5k and -$15k because soda is a luxury good elasticity > 1 with income elasticity >1 (d) Between -$7.5k arti -$15k because residents can substitute to other products (e) -$7.5k because that is the new consumption level times the value of the tax ()-$7.5k because that is the change in consumption times the value of the tax (g) Between 0 and -S7.5k because residents can substitute to other products (h) Between 0 and -$7.5k because because beverages are typically necessity goods with 6) Nothing because there was no effect on income G) It is impossible to say without knowing consumers' marginal rate of substitution income elasticity less than 1
Answer:
False
Explanation:
The gross pay refers to the salary you earn before taxes and other deductions are subtracted. Because of that, the answer is that the statement that says that you should calculate your regular monthly pay based on your Gross Pay is false because this amount is not equal to the amount you actually get when you are paid as the deductions have to be taken out and you receive less money.
