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2 years ago

Restaurants, like other businesses, often find that the best way to succeed in the market is to:

2 answers:

6 0

Restaurants, like other businesses, often find that the best way to succeed in the market is to follow their customer’s perception and be adaptive to the products that their customers need. The correct answer to the following given statement above is following their customers.

NISA [10]2 years ago

3 0

Answer:

Serve customers better than their competitors.

Explanation:

Just like every other kind of business, the best way for restaurants to succeed in the market is to serve their customers better than their competitors. Serving them better means delivering quality food or affordable or both, depending on their target market, to their customers which they can`t get elsewhere. Doing this will help them build a strong brand which customers will be endear to and willing to associate with. And for the fact that people take what they consume serious, serving customers with quality and affordable foods than the competitors is the surest way to success.

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use the accounting equation to solve for the missing information. 2. did jacob's overhead doors report net income or net loss?

vichka [17]

Total assets 44900

Less: Liablities 14,550

Total Owner's equity 30,350

Less: Owner's capital 30,670

Add: Drawings 7,500

Less: Revenues 8,850

Expense 1,670

Assets =Liabilities +Owner's-Drawings+Revenues-Expense capital

44,900 = 14,550 + 30,670- 7,500 + 8,850 - 1,670
2. Jacob states a profit of $7,180

Net Income = Revenues – Expenses
= 8850–1670 = 7180

Equipment, real estate, raw materials, and inventories are examples of tangible assets. Intangible assets include things like royalties, patents, and other intellectual property.

The amount earned by an individual or corporation after costs, allowances, and taxes is referred to as net income. Net income in company is the amount that remains after all costs, such as salaries and wages, the cost of goods or raw materials, and taxes, have been paid.

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7 0

1 year ago

Lynch Company manufactures and sells a single product. The following costs were incurred during the company's first year of oper

Olin [163]

Lynch Company manufactures and sells a single product. The following costs were incurred during the company's first year of operations:

Variable costs per unit:

Manufacturing:

Direct materials $ 6

Direct labor $ 9

Variable manufacturing overhead $ 3

Variable selling and administrative $ 4

Fixed costs per year:

Fixed manufacturing overhead $ 300.000

Fixed selling and administrative $ 190.000

During the year, the company produced 25,000 units and sold 20,000 units. The selling price of the company's product is $50 per unit.

The four steps of writing an income declaration are: to identify sources of sales, in addition to profits from investments, for an instance pick out business enterprise prices and losses incurred over the same period. Consolidate sales, charges, profits, and losses by means of category, payee, or some other factor.

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1 year ago

Resource Company acquired a tract of land containing an extractable natural resource. Cooper is required by the purchase contrac

maks197457 [2]

I think it is B. I’m sorry if I’m wrong.

7 0

3 years ago

Which group of players uses the goods and services produced in the game of economics?

KatRina [158]

Answer:

Question 1

Which group of players uses the goods and services produced in the game of economics?

The group of players that uses goods and services produced in the game of economics are the CONSUMERS

Question 2

Which does NOT describe the role that workers play in the economy?

The role that does not describe the role of workers in the economy is act as both consumers and producers. They were never consumers and producers in the economy, they only help in production and make decisions based on business model

Question 3

In economics, businesses do all EXCEPT which of the following?

Businesses does not guide the economy In economics rather they hire workers that helps to carryout production activities among others and organize production and either purchase resources or produce the resources

Question 4

Which of the following statements best describes the results provided by market research?

Market research helps producers understand market forces better, the market forces has to do with the law of demand and supply which helps to acquire the market skills and plan for future occurrence.

Question 5

Which consumer purchase is the result of peer pressure?

mirrored sunglasses because all your friends have them

Question 6

Consumers play an important economic role because they decide on what goods and services to use and buy, how much to buy, and what prices they are willing to pay for it.

True

Question 7

Producers try to satisfy the needs and wants of consumers for goods and services. They have to understand what consumers need or want and how much they are willing to pay for those goods and services.

True

Question 8

Culture, peer pressure, price, and environmental changes influence the decisions made by producers and consumers.

True

Question 9

Which of the following activities shows the government playing the role of producer?

The government buys materials to build a bridge.

Question 10

Which of the following activities shows the government playing the role of consumer?

The government uses electricity to run its offices.

Explanation:

3 0

2 years ago

Suppose a bond with a 10% coupon rate and semiannual coupons, has a face value of $1,000, 20 years to maturity and is selling fo

NikAS [45]

Answer:

The YTM is less than 10%

Explanation:

If a coupon rate of a bond is greater than its yield to maturity (YTM), the bond is said to trade at a premium. The Bond's current price would be greater than its Face value

If a coupon rate of a bond is less than its yield to maturity (YTM), the bond is said to trade at a discount. The bonds current price would be less than its face value

In this Question, the bond's current price ($1,197.93) is greater than its face

($1,000) which means that the bond is trading at a premium. Therefore, we can conclude that the bond's YTM is less than its coupon payment. In this question the coupon rate is 10%, therefore the YTM should be less than 10%.

8 0

3 years ago