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Ad libitum [116K]
3 years ago
6

The equation which shows a company’s resources equal claims to those resources is___________.a.Assets = Liabilities + Stockholde

rs' Equity. b.Common Stock + Retained Earnings = Stockholders’ Equity. c.Cash Increases − Cash Decreases = Change in Cash. d.Revenues − Expenses = Net Income.
Business
1 answer:
777dan777 [17]3 years ago
7 0
<h2>Assets =  Stock holder's Equity + All outsider Liabilities</h2><h3>Explanation:</h3>

Assets = All Short term Assets + All Long Term Assets

Short term Assets are those assets which can be easily recovered  into cash with in one year

Long term assets are those which can be recovered after one year

Liabilities = Short term + Long term (Outsider Liabilities)

Short term liabilities are those which is to be paid within one year

Long term liabilities are those which is to be paid after one year

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3 years ago
1. What are chain restaurants?
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1. Chain restaurants are restaurants that operate as a group. Typically, the concept, design,menu,and name of the restaurant will be the same at all of the restaurants within the group.

2. Celebrity restaurants are owned by notable public figures. Some of these  estaurants are owned by chefs such as Wolfgang Puck and Gordon Ramsay, but others are owned by celebrities from areas other than culinary arts.

3. Managed services are catering or food service providers who operate in sites other than restaurants.

4. Forecasting involves estimating the restaurant's profits and expenses for a specific period of time. First, forecasting allows the restaurant to assess their viability for that period of time. Second, forecasting allows a restaurant to estimate the amount of food and other supplies that it will need to have on hand at particular times. Finally, forecastasting lets a restaurant know the number of staff that it will need to have to serve guests and handle restaurant operations.

5. Fine dining restaurants are usually characterized as those serving cooked to order dishes that are made from scratch with fresh ingredients. We typically think of fine dining restaurants as serving elegant food prepared by chefs with a great deal of expertise and training which is the opposite of most lower class restaurants.

Critical Thinking:

1. Managed services are usually given to people to go or catered to a location whereas a restaurant has one location where people sit to eat one meal. Managed services cook their food in mass portions for large groups of people but restaurants cook meals to  order.

2. Menus are important to restaurants because they give a general appeal to the guests and also they include the base information for the products that they're selling. If a restaurant doesn't have a detailed, accurate, appealing menu then they probably wouldn't sell products as efficiently.

3. You need a clean working space,correct utensils and supplies, educated and hardworking employees,and fresh product.

4. If your kitchen design is all whack, your product will not come out in a timely sequence and everything will be backed up. The products then come out low quality and the guests are not satisfied. With a good design, everything will run smoothly and each dish will have an equal amount of time spent on them. The quality will be better therefor creating a  happy guest.

5. The back of the house doesn't communicate with guests while the front of the house is always communicating with guests on a regular basis. The back of the house puts the food together while the front of the house doesn't usually worry about the food at all.  There are also more employees in the front of the house than there is for the back of the house.

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3 years ago
The chief financial officer of a company is responsible for managing cash, accounts receivable, and inventory.
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Answer:

True

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Chief financial officer is one of the key positions at any company or firm. Chief financial officer plays a critical role in managing cash, account receivable and inventory management. He/She is responsible for handling the cash and managing the cash in such a way to remove chances of bankruptcy and shortages. Overall, it is an important post to complete all the tasks related to cash handling and inventory.

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3 years ago
A firm incurs $400 to manufacture a television. In the market, customers are willing to pay a maximum of $600 for the television
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Answer:

D. Economic value created.    

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The reason is that the economic value created is the difference between the price the customer is willing to pay and the cost that the product actually costs to the firm.

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Economic Value Created = Value customer willing to pay   -  Cost of product

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