[] Answer []
[] Explanation []
For a given meal, a chef may prefer grilling to baking because it <u><em>produces more intense flavor</em></u>.
Chef - Cooks instead of bakes (Uses stovetop)
Baker - Bakes instead of cooks (Uses oven)
When cooking, you are making meals and entrés, instead of pastries and baked goods. When cooking, a chef always wants to let out he most flavor he can. This is why he grills. When grilling, you cook your food in oil, butter, marinade, etc. All these flavors soak into the food, causing it to erupt with flavor. This is why when a chef cooks meat, he lets it soak in marinade, butter, wine, herbs, etc. first, then cooks them in it second. This entices the flavor, causing it to to be more tasteful and delightful.
A chef prefers to grill because it pulls out the flavor, where-as baking is a slower, less intense method of producing / cooking food. Baking is more bland and does not create a superb audience. When cooking something, you are allowing your food to soak in grease, wine, etc. When baking something, your food sits there slowly without any interaction too much flavor.
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Answer:
Concord BEP: 400,000 units
Explanation:
Break Even Point (Units) = Fixed Cost / (Selling Price - Variable Cost) or
Break Even Point (Units) = Fixed Cost / Contribution Margin
Concord Break Even Point:
Contribution Margin Per Unit: (($980,000 - ($490,000 + $49,000)) / 49,000 = $9
Concord BEP: $360,000 / $9 = 400,000 units
Answer:
a. Utilities Expense 500
Cash 500
Explanation:
Given: Consulting immediately paid $500 cash for utilities.
As $500 cash been paid for utility expenses.
We know the golden rule of accounting transaction:
- Personal accounts: Debit the receiver, credit the giver.
- Impersonal real account: Debit what comes in, credit what goes out.
- Impersonal Nominal account: Debit all expenses and losses, credit all profit and gains.
Paid for utility expense of firm is not the personal account, however, it is impersonal account. In the given case, cash is going out of business.
Therefore, Debit all expense and losses and credit what goes out of business.
Journal Entry of the transaction:
Debit utility expenses account--- $500
Credit cash account--- $500
Answer:
5.5%
Explanation:
This is an Annuity Due question. In an annuity due, recurring payments occur at the beginning of the yearIt is asking for the RATE. Using a financial calculator(on BEG mode), input the following;
Duration; N = 25
Recurring payment; PMT = 23.6
Present value ; PV = -334
One-time future cashflow; FV = 0
Then compute the interest rate; CPT I/Y = 5.499%
Therefore, the lottery commission is using about 5.5% interest rate.
Answer:
The variable cost per bat is $10.15
Explanation:
The total cost can be calculated by multiplying the average cost per unit by the number of units. At the production level of 8000 units at $13 per unit, the total cost will be,
Total cost = 13 * 8000 = $104000
The total cost is made up of both fixed and variable costs.
Total variable costs = Total costs - total fixed costs
Total variable costs = 104000 - 22800 = $81200
The variable cost per unit = 81200 / 8000 = $10.15 per unit
