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mina [271]
3 years ago
9

Gareth's Grill, a global fast-food chain, does not offer beef burgers in India, while it offers only kosher foods in Israel. The

company has considered religious differences and attitudes while making this decision. In this scenario, the company is taking into account the _____ variables.
Business
1 answer:
melomori [17]3 years ago
5 0

Answer:

cultural variables

Explanation:

Based on the scenario being described within the question it can be said that the company is taking into account cultural variables. This refers to the different behaviors, outlooks, values and beliefs between people from different societies that make them unique. In this case selling different foods in different locations in order to compensate for the differences in beliefs is taking into account the cultural variables.

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Answer:

Comparative advantage.

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Based on the Information that follows, prepare the cost of goods sold section of a multiple-step income statement.
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Answer:

Cost of goods sold = $105,060

Explanation:

a) Data and Calculations:

Cost of goods sold section of the multi-step income statement:

Merchandise Inventory, January 1, 20--       $37,000

Purchases                                                       102,000

Purchases Returns and Allowances               (4,200)

Purchases Discounts                                       (2,040)

Freight-In                                                              800

Merchandise Inventory, December 31, 20--(28,500)

Cost of goods sold                                     $105,060

b) The cost of goods sold comprises the beginning inventory, purchases and freight-in costs incurred during the period, less purchases returns and discounts, and the ending inventory.  It represents the cost incurred directly for the goods sold.  This means that indirect costs are not included in the cost of goods sold.  Such costs are usually deducted as period costs before arriving at the net income.

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