As we go from home operation to international operations, we can potentially receive a<u> </u><u>rise in our costs</u>, but we can also see our <u>profits </u>increase. This is about business expansion.
<h3>
What is business expansion?</h3>
When a company reaches a certain point in its growth and starts looking for new ways to increase profits, that stage is known as business expansion.
Managing business growth or development is a challenge that successful firms and startups alike eventually encounter.
It is to be noted that while business expansion comes with possible potential increases in profit and net worth, incurring additional costs is a certainty.
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Answer:
a. $3,725
b. $3,945
Explanation:
a. The computation of the adjusted cash balance is shown below:
= Bank statement balance + Deposits in transit - outstanding checks
= $3,400 + $1,000 - $675
= $3,725
b. The computation of the book balance of cash before the reconciliation is shown below:
= Adjusted cash balance + service charge + NSF checks - interest earned - recording error
= $3,725 + $12 + $240 - $7 - $25
= $3,945
Strengths
Weaknesses
Opportunities
Threats
SWOT's goal is to assist you in strategic planning.
Revenue Recognition Principle
An accounting principle that states that a company should record revenues when they provide goods and services to customers.
Answer: <em>customers' lack of money
</em>
Explanation:
Here, in this particular case we can state that the restaurateur Andrew who owns and run a popular contemporary but expensive Chinese restaurant is addressing the fact that customer's lack money. The fact in this particular case is that consumers are willing to pay a modest amounts for the small amount of food being served while in contrast not paying for the "atmosphere" of his restaurant.
