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3 years ago

Which of the following establishments would be considered “on premise”

Business

1 answer:

Lynna [10]3 years ago

7 0

liquor store establishments would be considered “on premise”.

Further Explanation:

Establishments are considered on premise:

A nearby bar qualifies as an on reason foundation in light of the fact that the clearance of products or administrations can be expended or utilized as expected while staying at the foundation.

How much profit can a liquor store make:

As per an ongoing Forbes study, alcohol stores are among the best five least beneficial organizations, bringing home a benefit of 1.7%. Proprietors who can maintain their very own business bring home a normal pay of $21,000 - $51,000, contingent on size, area, and deals.

convenience store:

An convenience store, comfort shop, or corner store is a little retail business that stocks a scope of regular things, for example, espresso, staple goods, nibble sustenances, sweet shop, soda pops, tobacco items, over-the-counter tranquilizes, toiletries, papers, and magazines.

Gas station:

The fuel sold at Gas station is put away underground in covered tanks. Every hold a few thousand gallons of gas. There are in any event two of these tanks for every station and each tank more often than not holds an alternate evaluation of gas.

Restaurant:

An Restaurant idea is the general thought or topic that characterizes the café. Ideas incorporate the your menu's plan, administration style, lounge area stylistic theme, and obviously the style of nourishment. Numerous cafés are imagined dependent on a cook's close to home encounters or interests.

Subject: business

Level: middle School

Keywords: Establishments are considered on premise, How much profit can a liquor store make, convenience store, Gas station, Restaurant.

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As a student in what way you can solve the problem of scarcity

Rudiy27

Answer:

Explanation:

Increase production i.e; facilitate the production to the maximum of the capacity in the short run. Ensure longer term innovation and investment to reduce risk for future. Keep educating the children to take care of future needs.

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3 years ago

Absorption and Variable Costing Comparisons: Production Equals Sales Assume that Smuckers manufactures and sells 30,000 cases of

pantera1 [17]

Answer:

a:Total Variable Costs $26

a:Total Manufacturing Costs = $ 30

b:Net Income Variable Costing $100,000

b: Net Income Absorption Costing $ 100,000

Explanation:

Smuckers Manufacturers

Costs per case under Variable Costing

Direct materials per case 16

Direct labor per case 7

Variable manufacturing overhead per case 3

Total Variable Costs $26

Costs per case under Absorption Costing

Direct materials (30,000*16) 480,000

Direct labor (30,000*7) 210,000

Variable manufacturing overhead (30,000*3) 90,000

Total Variable Costs 780,000

Total fixed manufacturing overhead $120,000

Total Manufacturing Costs $ 900,000

Total Manufacturing Costs per Case= $ 900,000/ 30,000= $ 30

The difference between the variable and absorption costing is that the product costs include variable and fixed costs in absorption costing. But in variable costing the product costs include only variable costs.

SMUCKERS

Variable Costing Income Statement

For the Third Quarter of 2017

Sales (30,000*34) 1020,000

Direct materials (30,000*16) 480,000

Direct labor (30,000*7) 210,000

Variable manufacturing overhead (30,000*3) 90,000

Total Variable Costs 780,000

Contribution Margin 240,000

Fixed Expenses 140,000

Total fixed manufacturing overhead $120,000

Fixed selling and administrative 20,000

Net Income 100,000

In this case the net income under both variable and absorption costing does not change because the units produced are units sold. No cost is charged to ending inventory under absorption costing.

SMUCKERS

Absorption Costing Income Statement

For the Third Quarter of 2017

Sales (30,000*34) 1020,000

Direct materials (30,000*16) 480,000

Direct labor (30,000*7) 210,000

Variable manufacturing overhead (30,000*3) 90,000

Total fixed manufacturing overhead $120,000

Total Manufacturing Costs 900,000

Gross Profit 120,000

Fixed Expenses 20,000

Fixed selling and administrative 20,000

Net Income 100,000

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4 years ago

If total utility has reached a maximum level, and assuming that diminishing marginal utility already applies, then what will hap

Nady [450]

Answer:

Marginal utility of the additional units will turn negative

Explanation:

As total utility has reached a maximum level, adding additional units of the same product will generate the total utility to decrease thus, the marginal utility of this additional products is negative as they made the utility of the consumer to decrease.

The diminish return theory state that:

The units increase utility at a decreasing rate and then, they reach a maximum of utility afterwhihc, additional units do not generate utility, they decrease it

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4 years ago

Rent collected in advance is: Multiple Choice A shareholders' equity account in the balance sheet. A temporary account, not in t

gulaghasi [49]

Answer:

A liability account in the balance sheet.

Explanation:

When rent is collected in advance, the entries required to be recognized at the point of collection is as follows;

Debit Cash account

Credit Unearned/Deferred rental revenue

The cash account is an asset while the Unearned/Deferred rental revenue is a liability account.

As such, the collection of rent in advance is A liability account in the balance sheet.

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3 years ago

Customer satisfaction most likely arises from: product price the product itself the company that makes or distributes the produc

Wittaler [7]

A combination of the product, company, and salesperson.

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