Question Completion:
If Delicious Catering had recorded transactions using the Accrual method, how much net income (loss) would they have recorded for the month of May? If there is a loss, enter it with parentheses or a negative sign.
Answer:
Delicious Catering
Using the Accrual method, Delicious Catering would have recorded for the month a net income of $1,670.
Explanation:
Data and Calculations:
Prepaid Rent for 3 months = $1,500
Rent expense for the month = $500 ($1,500/3)
Utilities expense = $190
Service Revenue:
Cash for meals = $2,400
Credit 2,000
Total $4,400
Salary Expense = !,700
Depreciation expense = $340
Kitchen Equipment = $2,500
Income Statement for the month of May:
Service Revenue $4,400
Expenses:
Rent $500
Utilities expense 190
Salary expense 1,700
Depreciation expense 340
Total expenses $2,730
Net Income $1,670
Since Cholula company is sampling the new sauce at a number of supermarkets in texas, where there are multiple market segments likely to enjoy hot sauces, then, the tactics employed is called <u>motivating</u><u>.</u>
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<h3>What is
motivating?</h3>
The term "motivating" is not limited to employee and employer, it is used by firm to induce potential and existing customer to buy their product.
In conclusion, the tactics employed by Cholula company is called <u>motivating</u><u>.</u>
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Read more about motivating
<em>brainly.com/question/6853726</em>
Answer:
COGS= $5,910
Explanation:
Giving the following information:
Beginning inventory= 90 units at $19
Purchases 315 units at $20
Purchases 45 units at $22
Ending inventory= 150 units
First, we need to determine the number of units sold:
Units sold= 450 - 150= 300 units
Under the FIFO (first-in, first-out) method, the cost of goods sold is calculated using the cost of the first units incorporated:
COGS= 90*19 + 210*20= $5,910
Answer: A public cloud
Explanation: The public cloud is described as processing resources that are provided through the wider internet by third-party suppliers, allowing them access for anyone who chooses to have or buy them. These can be complimentary or on-demand priced, enabling consumers to pay for the CPU cycles, storage, or connectivity these use only per use.
The biggest difference between private and public servers is that you're not responsible for maintaining a public cloud computing solution. Your information is stored in the server farm of the supplier and the data center is owned and controlled by the provider.
