There are several benefits for McDonald's by using FIFO methods. Here we will discuss some of them: better food hygiene, which gives more customers satisfaction; easier to reduce products near their end-date—resulting in more sales and less waste;
<h3>What is FIFO?</h3>
FIFO is a measuring tool for inventory valuation or management. In this, we have sold the goods which come first. This is called a FIFO, which is known as First In First Out.
Thus, McDonald's using the FIFO method gets such benefits as better food hygiene, which gives more customer satisfaction; easier to reduce products near their end-date – therefore more sales and less waste.
Learn more about FIFO here:
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Answer:
Explanation:
The journal entries are shown below:
On March 1
Notes receivable A/c Dr $10,400
To Service revenue A/c $10,400
(Being the acceptance of the note is recorded)
On September 1
Cash A/c Dr $10,868
To Notes receivable A/c $10,400
To Interest revenue A/c $468
(Being the cash collection is recorded)
The computation of the interest revenue is shown below:
= Notes receivable × interest rate × (number of months ÷ total number of months in a year)
= $10,400 × 9% × (6 months ÷ 12 months)
= $468
Answer:
C
Explanation:
May be held liable on the basis of negligent hiring.
Negligent hiring is a clame (legal) made againts an employer, argues that an employer should have known the background of the employee
Maybe a money market account because once you put your money in there you can't touch it or you'll half to pay a fee but if you need it and that's what you half to do them you gotta do it. But saving it up and not touching could be really great.
Explanation:
We can easily calculate the money people do usually make when they get retired. We have one very basic rule that you can get approx 80% of the amount you were getting before your retirement. <u>By using this formula</u> you can calculate what you will get after retirement.
For example, if you were earning £2000 per month, then after your retirement you will get £1600 in your retirement. The amount will keep on increasing depending upon what you were earning right before your retirement. Likewise, it will be very less amount if you were earning less before your retirement.
