Answer:
The formula for food cost percentage (FCP) given selling price (SP) and food cost (FC) is FCP = FC/SP x 100.
Explanation:If you set your par for 5 jars of mayonnaise, and you only have 2 on the shelf, you know you need to order 3 more.
What are your multiple choice
Answer:
The amount of impairment loss that should be recognized is $20,000,000
Explanation:
In order to calculate the amount of impairment loss that should be recognized we would have to make the following calculation:
amount of impairment loss=Carrying value - Fair value
Carrying value=$100,000,000
Fair Value=$80,000,000
Therefore, amount of impairment loss=$100,000,000-$80,000,000
amount of impairment loss= $20,00,000
The amount of impairment loss that should be recognized is $20,000,000
Answer:
c. $60,000
Explanation:
Provided information,
Green Corp owns 30% of the the common stock and 100% of preference share capital of Axel Corp.
Also, Green Corp is exercising significant influence on Axel Corp.
Thus, for accounting purpose Green Corp will use equity method as the investment is more than 20%.
Any dividend received from Axel Corp on common stock will be deducted from carrying value of investment in common stock, though dividend received on preference capital will increase the profits as will be added to income statement.
Thus, dividend recognized in Income Statement = $60,000 received on preference capital.
Correct answer is
c. $60,000
Answer:
Correct option:
an absolute advantage in producing a good, it might or might not have a comparative advantage in producing that good
Explanation:
If a country has
- an absolute advantage in producing a good, it definitely also has a comparative advantage in producing that good.
- an absolute advantage in producing a good, it might or might not have a comparative advantage in producing that good
- a comparative advantage in production of a good, it must also have an absolute advantage in producing that good.
- an absolute advantage in producing a good, it definitely will not have a comparative advantage in producing that good.
- None of these answers is correct.
the absolute advantage refer to the quantity of output of a certain good.
if country A does 100 and B 50
then, A has an absolute advantage as it can out produce B
the competitive advantage will when the opportunity cost of making a cartain product is lower than the other.
If A can do 500 of anther goods
while B can do 50
then the comparative advantage favors B
as it cost 50 /50 = 1 good to produce the produce
while for country A it cost: 500/50 = 10 goods to produce it.
GIven this analysis, the option B will be the correct
a country with an absolute advantage might or might nothave a comparative advantage as well.
