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1 year ago

If total sales are $2550.00 and 110 guests were served, the average guest check would be?

Business

1 answer:

aliina [53]1 year ago

4 0

A typical guest's check would be for $23.18.

How Do Sales Operate?

Any transaction in which two or more parties exchange money in exchange for the buyer getting tangible or intangible goods, services, or assets is referred to as a sale. On occasion, a seller may receive additional assets. A sale is another term used in the financial markets to describe an agreement between a buyer and a seller over the price of a security.

No of the circumstance, a sale is in essence a contract between the buyer and the seller of the particular good or service in question.

In a sale, two or more parties typically include a buyer and a seller who exchange goods or services for money or other assets.

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AZ Products has 375,000 shares of common stock outstanding at a market price of $35 a share. Next year's annual dividend is expe

My name is Ann [436]

Answer:

The firm's weighted average cost of capital 5.81%

Explanation:

In order toTo calculate WACC, we need to calculate the cost of equity and after-tax cost of debt. The WACC can be calculated with the use of following formula:

WACC = After-Tax Cost of Debt*Weight of Debt + Cost of Equity*Weight of Equity

Where,

After-Tax Cost of Debt = Pretax Yield*(1-Tax Rate)

Market Value of Debt = Outstanding Bonds*Par Value*Current Selling Percentage

Cost of Equity = D1/Current Market Price + Growth Rate

Market Value of Equity = Number of Common Shares Outstanding*Current Market Price

Weight of Debt = Market Value of Debt/(Market Value of Debt + Market Value of Equity)

Weight of Equity = Market Value of Equity/(Market Value of Debt + Market Value of Equity)

Therefore, Market Value of Debt = 7,500*1,000*98.60% = $7,395,000

Market Value of Equity = 375,000*35 = $13,125,000

Weight of Debt = 7,395,000/(13,125,000 + 7,395,000)

Weight of Equity =$13,125,000 /($13,125,000 + 7,395,000)

Cost of Equity = 1.50/35 + 2% = 6.28% 0.01801

After-Tax Cost of Debt = 7.65*(1-34%) = 5.05%

Using the values calculated above in the formula for WACC, we get,

WACC = 5.05%*7,395,000/(13,125,000 + 7,395,000) + 6.28% *$13,125,000/($13,125,000 + 7,395,000) = 5.81%

5 0

4 years ago

Which type of unemployment is characterized by a worker looking for a job when there is no reason that he or she should not find

anyanavicka [17]

Answer:

Option C

Explanation:

In simple words, Frictional joblessness relates to one form of joblessness. It is often referred to as quest displacement, and may be dependent on specific instances.

When an employee applies for a position or moves from one workplace to another and it is time wasted among jobs. In the market, frictional displacement is still present, the product of intermittent changes made by employees and companies.

6 0

4 years ago

Q 8.27: Luna Company sold $2,400 of merchandise to Hubbard Incorporated on May 1st with terms 2/10, n/30. On May 6th, Hubbard re

laiz [17]

Answer:

The journal entry is shown below:

Explanation:

The journal entry which is to be recorded on the date of payment is as:

Cash A/c...........................................................Dr $2,009

Sales Discount A/c.........................................Dr $41

Accounts Receivable- Hubbard Incorporated A/c..........Cr $2,050

As the goods sold by company, so they received cash and any increase in assets account is debited. Therefore, the cash account is debited. And the company also offered discount which is also debited and the account of accounts receivable is credited.

Working Note:

Amount of cash received = (Sold merchandise amount - Return goods amount) - 2% on amount

= ($2,400 - $350) - 2% on amount

= $2,050 - 2% × $2,050

= $2,050 - 41

= $2,009

8 0

3 years ago

_____ is responsible for coordinating Federal resources Federal resources that support State, local, tribal, and territorial eff

jeyben [28]

Answer:

The correct answer is B

Explanation:

FEMA stands for Federal Emergency Management Agency, it is an agency which is responsible for coordinating the response of the federal government to the disasters which can be manmade or natural.

So, FEMA is responsible for the coordinating the Federal resources which support the Tribal, Local and State efforts when there is Federal emergency is declared.

3 0

3 years ago

Leonard company uses and discloses different depreciation methods for the major classes of property, plant, and equipment. which

Licemer1 [7]

The accounting principle that is being addressed by Leonard would be the full-disclosure principle. This requires a certain company to provide all information that is necessary in making decisions especially in the financial aspect to be able to make sound and informed decisions.<span />

6 0

4 years ago