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Nataliya [291]
3 years ago
6

Inputs and outputs Edison's Performance Pizza is a small restaurant in Philadelphia that sells gluten-free pizzas. Edison's very

tiny kitchen has barely enough room for the three ovens in which his workers bake the pizzas. Edison signed a lease obligating him to pay the rent for the three ovens for the next year. Because of this, and because Edison's kitchen cannot fit more than three ovens, Edison cannot change the number of ovens he uses in his production of pizzas in the short run.
Business
1 answer:
vodka [1.7K]3 years ago
4 0

Answer:

Edison cannot change the number of ovens he uses because it is fixed resources.

Explanation:

However, Edison's decision regarding how many workers to use can vary from week to week.

Each Monday, Edison lets them know how many workers he needs for each day of the week.

In the short run, these workers are variable resources, and the ovens are fixed resources.

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Gabi Gram started The Gram Co., a new business that began operations on May 1. The Gram Co. completed the following transactions
balu736 [363]

Answer:

Gram Co.

Statement of cash flows

For the month ended May 31, 202x

Cash flows from operating activities:

Net income                                                  $5,590

Adjustments to net income:

Increase in accounts payable                    <u>     $80</u>

Net cash flow from operating activities    $5,670

Cash flows from investing activities:

Purchase of office equipment                 <u>($2,020)</u>

net cash flow from investing activities    ($2,020)

Cash flows from financing activities:

Issuance of common stock                     $43,500

Paid dividends                                         <u> ($1,600)</u>

Net cash flow from financing activities   $41,900

Net cash increase during May               $45,550

Initial balance of cash account              <u>          $0</u>

Ending balance of cash account (5/31) $45,550

Explanation:

operating cash flows:

rent expense ($2,400)

cleaning services ($780)

service revenue $5,300 + $2,400 + $3,200

assistant's salary ($790)

accounts payable increased by $80

assistant's salary ($790)

utilities bill ($550)

total revenue = $10,900

total expenses = $5,310

net income = $5,590

investing cash flows:

purchased equipment for $1,940

purchased office equipment $80

financing cash flows:

Issuance of common stock $43,500

paid dividends ($1,600)

7 0
3 years ago
At the end of 2020, Payne Industries had a deferred tax asset account with a balance of $25 million attributable to a temporary
Effectus [21]

Answer:

A. Payne Industries

(In Million)

Dr Income tax expense $54

Cr To Deferred Tax Assets $9

Cr To Income Tax Payable $45

No Journal Entry Required

b. Dr Income tax expense Dr $54

Cr To Deferred Tax Assets $9

Cr To Income Tax Payable $45

Dr Income tax expense $12

Cr To Valuation Allowance - Deferred Tax Assets $12

Explanation:

a. Preparation of the journal entry(s) to record Payne’s income taxes for 2021,

Payne Industries

(In Million)

Dr Income tax expense $54

($45+$9)

Cr To Deferred Tax Assets $9

[($100-$64)*25%]

Cr To Income Tax Payable $45

($180*25%)

(To record income tax expense recorded for 2021 and deferred tax assets reversed for temporary differences reversal )

No Journal Entry Required

b. Preparation of the journal entry(s) to record one-fourth of the deferred tax asset ultimately will be realized

Journal Entries

(In Million)

Dr Income tax expense Dr $54

($45+$9)

Cr To Deferred Tax Assets $9

[($100-$64)*25%]

Cr To Income Tax Payable $45

($180*25%)

(Being income tax expense recorded for 2021 and deferred tax assets reversed for temporary differences reversal )

Dr Income tax expense $12

Cr To Valuation Allowance - Deferred Tax Assets $12

[($64*75%)*25%]

(Being to record valuation allowance for deferred tax assets)

3 0
2 years ago
Most of us have to work for a living, and a job is a central part of our lives. So why do managers have to worry so much about e
bekas [8.4K]

Explanation:

Employee motivation is not directly related to the conditions of their work and personal life. There are many studies and researches that seek to understand how the employee is motivated, one of the most accepted and used is the Maslow pyramid, which categorizes each human need in the form of a pyramid of needs, according to him, there are five needs that individuals need to fulfill to be motivated and satisfied in their personal and professional life, they are the physiological needs being the base of the pyramid and the most essential, followed by needs for security, affection, esteem and self-fulfillment.

Therefore, this theory of Maslow's needs is a parameter to understand how the human being remains motivated, and to help organizations to align their processes to fulfill each employee's need for fulfillment, seeking an organizational environment focused on safety, ethics, innovation, benefits monetary, etc.

7 0
2 years ago
The use of only a portion or percentage of the available outlets in each geographic area for market exposure is called ________
Marina CMI [18]
The use of only a portion or percentage of the available outlets in each geographic area for market exposure is called selective distribution.
we can say about distribution channels that they start with producer and ends with consumer. There are many types of distribution like intensive distribution, exclusive distribution, physical distribution, selective distribution etc.
7 0
3 years ago
Why does asset price inflation matter?
mafiozo [28]

Answer:

option A and B/C

Explanation:

Asset price inflation matters for two reasons:

(1) it can indicate whether an economy has exceeded its potential output when goods inflation is held down by globalization

(2) it can lead to asset deflation, which will hurt the economy

6 0
3 years ago
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