All categories

3 years ago

__________ is credited with being the first restaurant to franchise.

1 answer:

3 0

During 1850,Frederick Henry Harvey is the one founded the first restaurant chain in the U.S. The first of the Harvey House restaurants opened in 1876, in a terminal of the Atchison, Topeka & Santa Fe Railroad. In 1887, there was a Harvey House restaurant in every 100 miles along the 12,000‑mile‑long Atchison, Topeka & Santa Fe line. He strongly believe that quality control established is the reason why regular field visits to his restaurants, and provided services similar to those used today by franchisors

You might be interested in

A university conducts a survey of students, which shows that a 10 percent tuition hike would lead to a 7 percent decrease in the

enyata [817]

Answer:

Option A

Explanation:

Complete Question

A university conducts a survey of students, which shows that a 10 percent tuition hike would lead to a 12

percent decreases in the enrollment. If the university wants to increase its total revenue, it should ________

tuition because the demand for education at this university is ________.

A) not raise; elastic B) raise; inelastic C) not raise; inelastic D) raise; elastic

Solution -

The demand for college in the market is elastic which means that variation in variables such as college fees deeply impact the demand. If college fees is increased, the intakes or enrollment will fall down which means that the demand is not stable or on the basis of quality. Therefore, the demand for the college will not rise on fees hike and it shall be an elastic demand.

6 0

3 years ago

Which of the following is NOT considered to be one of the three primary functions that all organizations perform? A. research a

ra1l [238]

Answer: The correct answer is "A. research and development".

Research and development are <u>NOT</u> considered as one of the three primary functions that all organizations perform.

Explanation: The basic operating cycle of a company is buy-sell-collect-pay. In some cases, companies can produce the good they sell or directly re-sell it. This implies production, operation and marketing activities to increase sales and for an adequate control of these you need accounting.

Only in particular cases do companies engage in research and development, but it is not something basic.

4 0

4 years ago

Jasper Company uses the allowance method to account for bad debts. During 2018, the company recorded bad debt expense of $9,000

Llana [10]

Answer:

Decrease in Working Capital amounts to $9,000

Explanation:

Working Capital is the difference among the current assets like accounts receivable, cash and inventories and the current liabilities like the account payable of the company.

So, in this case,

Reporting the bad debts expense, the entry would be:

Bad debts expense A/c................................Dr $9,000

Allowance for bad debts A/c....................Cr $9,000

When writing of the uncollectible accounts receivable, the entry would be:

Allowance for bad debts A/c....................Dr $5,000

Accounts Receivable A/c...................Cr $5,000

Therefore, the net decrease in working capital will be computed as:

Net decrease in working capital = $9,000 + $5,000 - $5,000

Net decrease in working capital = $9,000

7 0

3 years ago

Alexander Industries is considering a project that requires an investment in new equipment of $3,200,000, with an additional $16

Yakvenalex [24]

Answer:

The total cost is 3,360,000 and consiste of the proce of the new equipment plus the shipping and installtion cost. In contrast, Alexander's initial investment outlay are liabilities.

Explanation:

acquisition cost + shipping and installation cost = equipment value

3,200,000 + 160,000 = 3,360,000

The increase in liablities, will be that, liabilities, not cost, because is not associate with the equipment being ready to use. The equipment is ready to use, once is installed. so shipping and installment cost should be activated, not the accruals and account payable.

8 0

4 years ago

York casting services started the year with total assets of $110,000 and total liabilities of $60,000. the revenues and the expe

Nat2105 [25]

York assets started the year with $110,000-$60,000= $50,000 net assets. So for the current year, the revenues were $110,000 and expenses were $50,000 so add $110,000 to the $50,000 = $160,000 - $50,000= $110,000 net for this year. Since the total dividends are $45,000 then $45,000/$110,000= %40.9 increase in the stockholder's equity for the year which is very good.

5 0

4 years ago