Answer:
The difference is that buffets don't actually have to prepare the food quickly.
Explanation:
Buffet can be considered a form of fast food: you walk in and pay, and can then immediately grab whatever you like and eat it.
Answer:
<u>Sales Budget</u>
January February March April May
Units Sold 200 300 400 300 400
Price per unit $10 $ 10 $ 10 $ 10 $ 10
Sales Rev $ 2.000 $ 3.000 $ 4.000 $ 3.000 $ 4.000
Explanation:
We have to multiplithe amount of units sold each month by the sales price per unit of each month.
For the second question, which is the production budget we require the beginning inventory at Jan 1st and the desired inventory policy else, we cannot complete it. Please add this as details for the question Thank you =)
Normally it's C, good day
Answer:
1. <u>Calculation of Inventory Turnover Ratio
</u>
Inventory Turnover Ratio = Cost of Goods Sold / Average Inventory
When Average inventory= Opening Inventory+ Ending Inventory / 2 = (1,542,553 + $1,735,455)/2 = $1,639,004.
Inventory Turnover ratio = $7,250,000 / $1,639,004
Inventory Turnover ratio = 4.42 times
2 If the price of wire is increasing, its good opportunity for the company to take advantage with proper planning. The company has to increase the purchase of the stock to take this advantage however it should also be noted about the opportunity cost as more money now will be invested in the stock. If the increase in Price is minimal then there is no need to increase the purchase of the stock
.
Answer: c. Tax-free interest income must be included in the formula used to determine if Social Security is included in taxable income.
Explanation:
The portion of Social Security benefits that is taxed depends on how much Income the person has.
For instance, a person is charged up to 50 percent if their income is $25,000 to $34,000 for an individual.
So now how do we calculate the 'income' on which the taxation is based.
The IRS, for the purposes of determining how much you pay, treats income as a person's adjusted gross income plus NONTAXABLE INTEREST INCOME plus half of their Social Security benefits.
From the above we can see that option C is therfore correct.
