<u>Answer:</u>
<em>(d) Perishability is the reason for Eat and Den's loss of revenue</em>
<em></em>
<u>Explanation:</u>
Perishability is utilized in marketing to show how capacity service cannot be put away available to be purchased later on. It is a fundamental idea of service showcasing.
One of the urgent variables/issues looked by advertisers is the perishability factor in services showcasing. Administrations have Zero Inventory! When sold, they stand sold and can't be returned. Subsequently, a few times in the administration's business, the maxim "Early introduction is the last impression" really holds genuine. Similarly, in Eat and Den, the eatable goods are all perishable and cannot be reused the next day hence the restaurant incurs significant loss.
Answer:
The given statement is false.
Explanation:
A decrease in the market demand will cause the demand curve to shift to the right. While a decrease in the supply will cause the supply curve to shift to the left.
The market equilibrium price is determined by the intersection of demand and supply. The price, as a result, will increase. The extent of increase in price depends on the magnitudes of change in demand and supply.
The change in equilibrium quantity, however, in this case, is unpredictable without knowing the extent of changes in demand and supply.
Answer:
$7,875
Explanation:
Total car sales in January: $112,500
Commission at the rate of 7%,
Salary for January is :
7 percent of $112,500
=7/100 x $112,500
=0.07 x $112,500
=$7,875
Answer:
The correct answer is letter "C": Positive confirmations.
Explanation:
Positive confirmations are audit procedures by which ambiguous information is clarified. It also implies the confirmation of the accuracy of the data provided in the company's books and Financial Statements. By doing so, liabilities, bank accounts, accounts receivables and payables amounts are verified.
Answer:
a. HORIZONTAL METHOD
INCOME STATEMENT
date Income $ - Expenses $ = net income
1 Nov - - - - -
b. adjusting
31 each rent 5,300 - - 5,300
month
c. BALANCE SHEET AS AT 31 DEC
Assets = Equity + Liabilities
+ bank $84,800 - prepaid expense +$84,800
Explanation:
on 1 Nov there is no entry for the amount in the income statement because it is not yet earned only the balance sheet is affected + bank $31800 and + income received in advance ( liability) $31800
each month's rent = $31800/ 6month =$5300
18 months rent = 95400
unearned at december = 18 months - 2 months earned
= 95400- 10600
=$84,800