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Airida [17]
3 years ago
7

A holder of a seller-server certificate serves an alcoholic beverage to an intoxicated person for a second time within a 12 mont

h period. the commission has revoked his certificate. when may this certificate holder be recertified?
Business
1 answer:
Hunter-Best [27]3 years ago
5 0
According to the TABC, seller-server certification can be revoked if one is charged with breaking the laws concerning the sale of alcohol. The length of time that TABC certificate is revoked depends on the number of offenses committed within a period of 12 months. In this case, the holder made a second offence within 12 months, therefore, the holder will not be allowed to get a TABC certification again for 90 days. One is required to take some time off work since it appears he/she has a problem with breaking alcohol laws
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A company wants to determine if the average shearing strength of all rivets manufactured is more than 1000 lbs. A sample of 25 r
ser-zykov [4K]

Answer:

B- The average shearing strength of all rivets manufactured must be between 1001.4 and 1006.2.

Explanation:

The company manufactures rivets and it want to analyze the strength of the rivets manufactured. For this purpose the company has carried out hypothesis testing in which the confidence interval resulted to be 1001.4, 1006.2, this indicates that the average strength of each rivet must be between the two values.

4 0
3 years ago
Assuming the Fashion line is discontinued, total fixed costs remain unchanged, and the space formerly used to produce the Fashio
horrorfan [7]

Answer:

A) Increase $137,500

Explanation:

Calculation for how will operating income be affected

CHANGE IN OPERATING INCOME

Sales Revenue (Additional) $850,000

(250 %* 340,000)

Less Variable expenses (Additional) ($587,500)

(250 % *$ 235,000)

Contribution Margin $ 262,500

($850,000-$587,500)

Less Fixed Expenses ($76,000)

($262,500-$76,000)

Operating Income $ 186,500

( $ 262,500-$76,000)

Less Previous Operating Income ($49,000)

Operating Income $137,500 Increase

($ 186,500-$49,000)

Therefore the operating income will increase by $137,500

7 0
2 years ago
On December 31, 2020, the Bennett Company had 105,000 shares of common stock issued and outstanding. On July 1, 2021, the compan
fredd [130]

$4.40 per share

Explanation:

The computation of the earning per share is shown below:

Earning per share = (Net income - preference dividend) ÷ (Weighted average of number of shares)

where,

Net income is $640,000

Preference dividend is $72,000

And, the weighted average number of share is

= 120,000

6 0
3 years ago
South Coast Appliance Store is a small company that has hired you to perform some management advisory services. The following in
love history [14]

Answer:

The correct answer is A.

Explanation:

Giving the following information:

Sales​ (6,000nits*$1,000) ​$6,000,000

Cost of goods sold ​870,000 (145 a unit)

Store​ manager's salary per year ​192,000

Operating costs per year ​305,000

Advertising and promotion per year ​40,000

Commissions​ (4.1% of​ sales) ​246,000

We will separate in variable and fixed costs:

Fixed costs:

Store​ manager's salary per year ​192,000

Operating costs per year ​305,000

Advertising and promotion per year ​40,000

Variable costs:

COGS= 145*8,900= 1,290,500

Commission= 0.041*(8,900*1,000)= 364,900

Total costs= fixed costs + variable costs

Total costs= $2.192,400

4 0
3 years ago
Businesses using the allowance method for the recognition of uncollectible accounts expense commonly experience four accounting
olchik [2.2K]

Answer:

(1) Recognition of revenue on account.

The accounting record a sale as usual.

(2) Collection of cash from accounts receivable.

The accounting records the accrued revenues as usual.

(3) Recognition of uncollectible accounts expense through a year-end adjusting entry.

Based on experience or other actors, the company considers a portion of their sales revenecue (or assets i nthe balance heet) to be ficticional.

(4) Write-off of uncollectible accounts.

The accouning simply decrease the acc receivalues and then, it proceeds with the credited agains the allowance.

Explanation:

5 0
3 years ago
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