Answer:
c. shows forecasts for the industry and for the firm.
Explanation:
Sales Forecasting is an estimation of a business's sales for the future, this can be calculated monthly, annually, etc. T<em>his forecasting's objective is to help the business to make informed decisions to improve their performance in managing their resources, workforce and cash flow. </em>
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Answer:
c. Pansy Corporation’s basis in the land is $90,000.
Explanation:
Journal Debit Credit
Land Account $90,000
To share capital $80,000
(50 Shares at $80000)
To cash $10,000
GAAP require that a business to record an exchange of stock for property at the fair or market value of the transaction. Hence, one can use either the market value of the common stock or the market value of the land.
A range of incomes taxed at a given rate
Answer: The beverage cost perctage is 25%
Explanation:
The formula to calculate the Food or Beverage Cost Percentage is (Beginning Inventory + Purchases – Ending Inventory) ÷ Food Sales.
Using our numbers in the formula, it is solved as follows:
Food Cost Percenage = ($25,000 + $20,000 - $22,000) / $92,000
Food Cost Percentage = ($23,000) / $92,000
Food Cost Percentage = 25%