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Art [367]
1 year ago
8

Mcdonald’s will recognize a gain if it generates an amount of revenue that is higher than its operating expenses. This statement

is.
Business
1 answer:
Katarina [22]1 year ago
4 0

McDonald's will recognize a gain if it generates an amount of revenue that is higher than its operating expenses. This statement is False.

  • Gains are advantages produced by non-operating activity. For instance, McDonald's runs a fast food restaurant. Its main business activity is providing food to clients. Nevertheless, McDonald's engages in operations unrelated to the sale of burgers, fries, etc.
  • For instance, although not being in the real estate industry, the corporation does buy and sell land and structures that house its restaurants. McDonald's would benefit by $30,000 ($150,000 - $120,000) if it sold a piece of land for $150,000 instead of just $120,000. Gain is the term used to describe this $30,000 profit from a non-operating activity. Losses are the costs incurred as a result of non-operating operations.
  • For instance, the company would lose $20,000 ($100,000 - $120,000) if McDonald's had to sell the land it paid $120,000 for for $100,000. In conclusion, typical business activities generate revenues and expenses, while non-operational occurrences generate gains and losses.

Thus the answer is false.

To learn more about revenues and expense, refer: brainly.com/question/13738783

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Income Taxes Using appropriate headings and subtotals prepare a multiple-step consolidated income statement.

An Income tax is a tax imposed on people or entities in admire of the income or profits earned by way of them. income tax generally is computed because the manufactured from a tax price instances the taxable earnings. Taxation fees can also vary by using the kind or characteristics of the taxpayer and the type of profits.

                Consolidated Income statement

                Particulars                                    Amount

Net Sales                                               $ 5,864. 6

Less: Expenses                                      

Cost of Products sold                         = $ 3,6594.4

           Gross Profit                               = $2,205.2

Less: Operating expenses                            

Selling general, and administrative expenses    $ 1,515.3

Other expenses                                                     $ 432.7

          Operating Income                                   = $ 275

Less: Non-operating expenses

Interest and other non-operating expenses   $ 104.7

 Income before Taxes                                   = 152.5

Less: Income Tax expense                            $ 17.9

 Income after Taxes                                   = $134.6

Less: Loss on sale of Discontinued Operations

(net of income taxes)                                            $9.4

          Net Income                                                   $ 125.2

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6 0
1 year ago
Mouse Inc. uses the alternative method of accounting for prepayments and purchased a $1,200, 6-month insurance policy. The compa
zysi [14]

Explanation:

The adjusting journal entry to record the given adjustment is shown below:

At the year-end

Insurance expense A/c Dr. A/c $800

       To Prepaid Insurance A/c $800

(Being insurance expense is recorded)

The computation is given below:

= Prepayment done for 6 months insurance policy - expired insurance

= $1,200 - $400

= $800

3 0
3 years ago
the promotional tool that stimulates consumer purchasing and dealer interest by means of short-term activities, such as trade sh
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Through transient actions like trade fairs and event sponsorships, sales promotion is a tactic that encourages customer purchase and dealer engagement.

<h3>What is Sales Promotion?</h3>

A transitory campaign or offer is used by a company as part of a sales promotion to raise interest or demand in its product or service.

A company may decide to utilize a sales promotion (or "promo") for a variety of reasons, but the main one is to increase sales. Sales increases could be required to meet a quota as a deadline draws near or to spread word of a new product.

Let's examine several sales promotion types in more detail, as well as the advantages and disadvantages of adopting each style of promotion.

12 different categories of sales promotions exist. Although not all of them are appropriate for every industry, product, or service, each one offers distinct opportunities to increase sales and forge stronger bonds with clients by utilizing various sales psychology techniques. Each presents a comparison of sales methodologies and offers an unusual perspective on spin selling.

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8 0
2 years ago
Alicia deposited $400 in the bank. The bank paid her simple interest at the rate of 5 percent per year. How much money will she
algol13

Using simple interest, she will have $410 at the end of six months.

Principle = $400

Rate = 5%

Time equals 6 months, or 0.5 years.

Simple interest is equal to PRT/100.

S.I. = 400*5*(1/2)/100

S.I. = 10

Consequently, $400 plus $10 equals $410.

<h3>What is simple interest?</h3>

To calculate the amount of interest that will be charged on a loan, use the quick and easy formula known as simple interest. For the purpose of calculating simple interest, the daily interest rate, the principal, and the number of days between payments are multiplied.

A loan's principal or the first deposit into a savings account serves as the basis for simple interest. Because simple interest doesn't compound, a creditor would only pay interest on the principal sum, and a borrower will never have to pay interest on the interest that has already accrued.

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6 0
1 year ago
Assume that your grandmother wants to give you generous gift. She wants you to choose which one of the following sets of cash fl
Finger [1]

Answer:

The best option is Option A.

Explanation:

3 0
3 years ago
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