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kirill115 [55]
3 years ago
12

Tom maintains a popular blog that highlights restaurants in the Chicago area. Tom provides recommendations on the restaurants, p

osts photos, and gives descriptions of upcoming specials or events. He has a number of followers, and restaurants have begun to take notice. One popular restaurant chain is expanding and hopes that Tom could help it in promoting its new location. Not only does Tom have a lot of people following his blog posts, but the restaurant knows that Tom is highly trusted. What is the best way for the restaurant to make use of Tom's influence in its promotional strategy?
Business
1 answer:
ololo11 [35]3 years ago
4 0

Answer:

Send Tom a press release describing the new location.

Explanation:

Asking Tom to write about the new restaurant openning and the food they offer is really delicious. Talk about the dishes serving, cost, competitive advantage, location of the restaurant, offers, etc. All those things that a foodie person would like to know about. My personal recommendation is to invite him at dinner, offer him all the food that the restaurant provides so that he can easily write about the recipes, restaurant uniqueness acknowledgment, etc and click photos.

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The Federal Deposit Insurance Corporation (FDIC) insure account holder’s accounts for up to ___.
ZanzabumX [31]
FDIC insures up to 250,000
8 0
3 years ago
All of the following are disadvantages of using the average rate of return except:____________.
ad-work [718]

Answer:

c. the average rate of return method includes the entire amount of income earned over the life of the proposal.

Explanation:

the average rate of return is a capital budgeting method.

Average rate of return = Average net income / Average book value  

Average book value = (cost of equipment - salvage value) / 2

From the above formula, it can be seen that the entire income earned over the life of the project is used when calculating average rate of return.

the average rate of return method does not consider the timing of the expected cash flows. or use present values unlike the net present value and internal rate of return.

Net income is used instead of expected cash flows when calculating ARR

5 0
3 years ago
Someone help me please?
laila [671]

Answer:

a) Cost of goods Manufactured = $610,000

b) Cost of sales = $ 580,000

c) Net income = $ 140,000

Explanation:

a)                                       Ferruccio Fashion

                     Schedule of Cost of Goods Manufactured

                             For the Year Ended 12/31/X2

                     Particular                                  $                               $

Direct Materials:

Raw Materials, 1 January                            40,000

Add: Purchase                                     <u>      180,000</u>

Materials available for use                       220,000

Less: Raw materials, 31 December     <u>       25,000</u>

Materials used                                                                            195,000

Direct Labor                                                                              <u> 200,000</u>

Prime Costs                                                                                395,000

Manufacturing Overhead:

Indirect Material                                           11,000

Indirect Labor                                               16,000

Plant Utilities                                                40,000

Depreciation, plant and equipment           60,000

Other                                                     <u>       78,000</u>               <u>   205,000</u>

Total Manufacturing Costs                                                        600,000

Add: Work-in-progress, 1 January                                               40,000

Less: Work-in-progress, 31 December                                   <u>   (30,000)</u>

Cost of goods manufactured                                                    610,000

b)                                   Ferruccio Fashion

                               Schedule of Cost of sales

                             For the Year Ended 12/31/X2

                     Particular                                                $

Finished goods inventory, 1 January                    20,000

Add: Cost of goods manufactured (<em>From a</em>)    <u>    610,000</u>

Goods available for sale                                       630,000

Less: Finished goods inventory, 1 January       <u>   (50,000)</u>

Cost of sales                                                         580,000

Now, this cost of sales will be used to find gross and net profit.

C)                          Ferruccio Fashion

                            Income Statement

                     For the Year Ended 12/31/X2

           Particular                                                 $

Sales Revenue                                              945,000

Less: Cost of sales (<em>From part B</em>)        <u>         580,000</u>

Gross Profit                                                    365,000

Less: Selling and administrative expenses  <u>145,000</u>

Income before income tax                           220,000

Less: Income tax expense                     <u>         80,000</u>

Net Income                                                     140,000

8 0
3 years ago
1) Nelson Company began operations on December 1, Year 1. The following transactions and adjustments were recorded in December a
Levart [38]

The total of the debit account balances that will be reported on the company's adjusted trial balance at December 31, Year 1 is B) $9,000

Nelson Company Adjusted trial balance at December 31, Year 1

Debit side

Cash  $3,600

($3,800+$1,700-$1,900)

Account Receiveble $1,600

($3,300-$1,700)

Supplies $500

Land $1,900

Salaries expenses  $1,400

Total debit balance $9,000

Credit side

Account payable $500

Salaries payable $1,400

Common stock $3,800

Service revenue $3,300

Total Credit balance $9,000

Inconclusion The total of the debit account balances that will be reported on the company's adjusted trial balance at December 31, Year 1 is B) $9,000

Learn more here:

brainly.com/question/15104337

7 0
2 years ago
Maren received 10 NQOs (each option gives her the right to purchase 10 shares of stock for $8 per share) at the time she started
MAVERICK [17]

Answer:

$500 gain and $185 tax

Explanation:

Sale of share = No. of  NQOs × No. of shares  × Selling price per share

                      = 10 × 10 × $20

                      = $2,000

Basis = No. of  NQOs × No. of shares  × share price @$15

         = 10 × 10 × $15

         = $1,500

Gain realised = Sale of share - Basis

                      = $2,000 - $1,500

                      = $500

The tax is calculated as follows:

= Gain realised × marginal tax rate

= $500 × 37%

= $185

4 0
3 years ago
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