Answer: Strategic plan
Explanation: In simple words, refers to the plan that helps an organisation to direct its operation for the maximum benefit. It focuses on how to attain objectives rather than what to attain. It determines the factors that are important for achieving goals and the steps that one has to take.
In the given case, the hotel is offering their customers several facilities so they can enjoy a healthy service.
Thus, we can conclude that the correct option is strategic plan.
Answer:
$38,100 ; $45,600 and $0
Explanation:
The computation is shown below:
For amount transferred from the income summary account to the Retained Earnings account in the third closing entry i.e net income or net loss
As we know that
Net income = Total revenues - total expenses
Commission revenue $49,700
Rent revenue $7,300
Less: expenses
Depreciation expense - $5,200
Utilities expense -$8,600
Supplies expense -$5,100
Net income $38,100
The balance in retained earning account is
= Opening retained earning balance + net income - dividend paid
= $22,500 + $38,100 - $15,000
= $45,600
And, the balance in depreciation expense account is zero as this depreciation expense account is closed while closing the expenses account i.e utilities expense, supplies expense and depreciation expenses
Answer:
A. 10,000 decks
Explanation:
In this we use the equation which is shown below:
Les us assume the selling price be X and the Quantity sold be Y
So,
EBIT = Y × X - Y × $1.00 - $10,000
EBIT = Y × X - Y × $1.50 - $5,000
If we solve this two - equation
Y × X - Y × $1.00 - $10,000 = Y × X - Y × $1.50 - $5,000
Y × $1.00 - $10,000 = Y × $1.50 - $5,000
Then, the quantity would be 10,000 decks
Answer:
We know the average inventory was 7,650 and the cost of goods sold through out the yer were 76,500.There are about 52 weeks in a year. If the company closes for 2 weeks, then they are in business for 50 weeks a year.
If we divide the cost of goods sold by the number of weeks that the company is open, we get what is the cost of goods sold each week.
76,500/50= 1,530
The company has 1,530 of cost of goods sold each week. And their average inventory is of 7650 so if we divide average inventory by the cost of goods sold each week, we will get how many weeks of supply is held in inventory.
7650/1530=5
The company holds 5 weeks of supply in inventory.
Explanation:
Answer:
$764,400
Explanation:
Given that,
Net income under variable costing = $772,200
Beginning inventories = 7,800 units
Ending inventories = 5,200 units
Fixed overhead per unit = $3
Net income under absorption costing:
= Net income under variable costing - [(Beginning inventories - Ending inventories) × Fixed overhead per unit]
= $772,200 - [(7,800 - 5,200) × $3]
= $772,200 - $7,800
= $764,400
