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ExtremeBDS [4]
3 years ago
6

Restaurant Brands International Inc. (RBI) describes itself as follows in its first Restaurant footnote: "We franchise and opera

te quick service restaurants serving premium coffee and Brands other beverage and food products under the Tim Hortons brand, fast food hamburgers International principally under the Burger King brand, and chicken under the Popeyes brand. We are one of the world's largest quick service restaurant companies as measured by total number of restaurants. As of December 31, 2019, we franchised or owned 4,932 Tim Hortons restaurants, 18,838 Burger King restaurants, and 3,316 Popeyes restaurants, for a total of 27,086 restaurants, and operate in more than 100 countries and U.S. territories. Approximately 100% of current system-wide restaurants are franchised."
Required:
1. Use the following information to provide the adjusting journal entry that RBI should have made on Dec. 31, 2019. Assume that RBI makes adjusting entries once a year on Dec. 31.
a) RBI's property and equipment depreciated $185 million during 2019.
Account Title Debit Credit
Business
1 answer:
Tasya [4]3 years ago
5 0

Answer and Explanation:

Data provided

Depreciation = $185 million

The Journal entry is shown below:-

Depreciation expense  $185 million  

      To Accumulated depreciation $185 million

(Being depreciation expenses is recorded)

Here we debited depreciation expense as expenses are increasing whereas we credited the accumulated depreciation as the assets decreasing.

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Explanation:

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Maurice, the marketing head of a nonprofit organization, always begins his presentation on a project by sharing a lesser-known f
ololo11 [35]

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3 years ago
A homeowner sued a plumber for damages resulting from the plumber's allegedly faulty installation of water pipes in her basement
Leona [35]

Answer: The correct answer is YES it is admissible as evidence of the plumber's fault.

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4 0
3 years ago
Alpha Technology produces two products: a high-end laptop under the label Excellent Laptops and an inexpensive desktop under the
s2008m [1.1K]

Answer:

Alpha Technology

Outstanding Computer's consumption ratio for setup hours is:

b. 0.48

Explanation:

a) Data and Calculations:

Overhead activities and costs:

Setting up equipment $3,000

Machining $15,000

                                            Excellent      Outstanding

                                             Laptops        Computers

Direct Labor                         $25,000         $10,000

Direct Materials                   $20,000          $5,000

Expected Production in Units 3,000             3,000

Machine Hours                           850             2,000

Setup Hours                                  80                  75

Total setup hours = 155 hours

Outstanding Computer's consumption ratio for setup hours = 75/155 * 100

= 48%

8 0
3 years ago
What is a power grid?
Sindrei [870]

Answer:

What is a power grid?

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Explanation:

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6 0
3 years ago
Read 2 more answers
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