Answer:
The answer is: Modify
Explanation:
In Rashmi´s catering business, modify refers to changing the process in order to solve problems.
Rashmi must change her recipes so that the food she sells isn´t too spicy for his potential customers. Indian food is famous for being extra spicy, but American food isn´t so she must modify it to satisfy American taste.
The fluctuation of growth and decline in an economy is called BUSINESS CYCLE OR ECONOMY CYCLE.
The fluctuations in business cycle usually involves shift between period of relatively rapid economic growth and period of relative stagnation or decline. Business cycle is measured by considering the growth rate of real gross domestic product of the nation concerned.
Answer:
Moonligh Bay Resorts will report a Non-current liability of $126 million
Explanation:
The question is to determine whether Moonlight Bay Resorts is to report an asset (current or non-current) or a liability (current or non-current) in its December 31st 2021 Balance Sheet
The step is to determine the classification of the items in the balance sheet
This is done as follows
Description Amount ($)
Total Deferred Tax liability (168 million + 120 million) 288 million
(Deferred tax liabilities related to
both current and non-current assets)
Total Deferred tax asset (102 million + 60 million) (162 million)
The net deferred tax liability 126 million
Since, under the International Financial Reporting Standards Deferred Tax Liability is a Non-current liability, it means <u>Moonligh Bay Resorts will report a Non-current liability of $126 million</u>
Answer:
If Splendid Occasions had recorded their service revenue using the other method, how much service revenue would they have recorded for the year?
Ans: $2,970
The ''other method'' in question is the Cash method which recognizes revenue when cash is paid unlike the Accrual method that recognizes it when earned.
Using the Cash method the Service Revenue would be $2,970 because the cash has been received for it.
If Sweet Catering had recorded transactions using the Cash method, how much net income (loss) would they have recorded for the month of May?
= Cash revenues - Cash expense
= Received cash for meals served to customers - Prepaid rent for three months - Received and paid electricity bill
= 2,530 - 2400 - 60
= $70
If Sweet Catering had recorded transactions using the Accrual method, how much net income (loss) would they have recorded for the month of May?
= Revenue - Expense
= Served a banquet on account + Received cash for meals served to customers - Rent - Electricity - Accrued salary expense - depreciation
= 2,810 + 2,530 - (2,400/3) - 60 - 2,670 - 380
= $1,430
<em>Cash spent on Equipment is not expense but capital expenditure. </em>
The XYZ corporation may sue California for violating the dormant commerce clause. prohibits states from enacting legislation that significantly impedes interstate commerce.
<h3>What is interstate commerce?</h3>
- Interstate commerce refers to the transacting or transportation of goods, services, or money across state lines.
- Federal courts, for example, have considered cattle crossing a state line while grazing and the movement of pollutants across state lines to be interstate commerce in order to uphold Congress' regulatory jurisdiction.
- In the United States, interstate commerce refers to any commercial transactions or traffic that cross state lines or involve more than one state.
- The Interstate Commerce Act of 1887 is a federal law of the United States that was enacted to regulate the railroad industry, specifically its monopolistic practices.
- The Act required railroad rates to be "reasonable and just," but it did not give the government the authority to set specific rates.
To learn more about interstate commerce, refer to:
brainly.com/question/4656005
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