Answer:
See below
Explanation:
Renter's insurance
Your stereo and computer are stolen from your apartment. Renters insurance is designed to offer protection against loss or damages to properties belonging to renters living in apartments or standalone units.
Liability coverage
You cause an accident that damages someone else's car. Provide financial protection against medical or damages claims against the policyholder if found at fault in an accident.
Health insurance
You go to the emergency room after a car accident. Take care of medical and other hospital-related expenses should the policyholder or their dependents require medical attention.
Disability Insurance
You have to take a month off from work because of a broken leg. Provide financial compensation against loss of income due to serious bodily injuries to the policyholder.
Answer:
A. Debiting Cost of Goods Sold $7,000
Explanation:
The LIFO is a method used to account value for inventory. Under the method, the last item of inventory purchased is the first one sold.
At year-end, the perpetual inventory records of Anderson Co. indicate 60 units of a particular product in inventory, but a physical inventory taken at year-end indicates only 50 units of this product actually are on hand. So 10 units of the product was shrinkage.
The company should debit Cost of Goods Sold to record this inventory shrinkage.
Anderson Co. use LIFO method, the amount shrinkage product:
10 x $700 = $7,000
Answer:
Nominal exchange rates adjust for the effects of inflation.
Answer:
the restaurant industry has been slow to adopt data analytic. Rising food and labor costs are also forcing restaurants to become more efficient.Technology must and is playing a key role to optimize the bottom line and provide a great guest experience
Explanation:
25% of those restaurants surveyed indicated they plan to spend more money and time on technology in 2016. While 4 out of 5 of these same participants also admitted that technology makes them better by: increasing sales, improved productivity, and provides a competitive advantage.
Based on the survey responses mentioned above, there seems to be a high level awareness that technology and best practices will bring real value to a restaurant’s operations; but then perhaps a gap that leads to inaction when it comes to purchasing and implementing technology. When it comes to technology solutions designed to improve your pre-employment, onboarding, tax credit screening, I-9, and unemployment management process, Equifax can serve as a resource by providing best practices, resources, and solutions to help solve for your challenges.
