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Ainat [17]
4 years ago
9

Establishment's liquor license was revoked because of service to minors what liability was involved

Business
1 answer:
posledela4 years ago
5 0

its Criminal liability.

because, as seller of alcohol, you may face criminal laws if you break any law:

-Serving alcohol to a minor

-Serving a guest who is or appears to be intoxicated

-Possessing, selling, or allowing the sale of drug on the premises


Consequences include:

-Probation

-Fined

-Jailed

You might be interested in
Joe​ Henry's machine shop uses 2 comma 510 brackets during the course of a year. These brackets are purchased from a supplier 90
stepan [7]

Answer:

D = 2,510 brackets

              H =  $1.60

              Co =  $20

              EOQ =    √2 x 2510 x  20/1.60

             EOQ = 250 units

Average inventory = EOQ/2

                                 = 250/2

                                = 125 units

Total Holding Cost = QH/2

                                = 250 x $1.60/2

                               = $200

No of order = Annual demand/EOQ

                    = 2,510/250

                   = 10 times

Annual  ordering cost = DCo/Q

                                      = 2,510 x $20/250

                                     = $200

Total annual cost = Annual ordering cost + annual holding cost

                              = $200 + $200

                             = $400

Time between orders = No of working days in a year/No of order

                                      = 250/10

                                      = 25 days

Explanation: Economic order quantity is a function of square root of 2 x annual demand x ordering cost per order divided by holding cost per item per annum. D denotes annual demand, Co is ordering cost per order and H represents holding cost per item per annum.

Average inventory is calculated as EOQ/2

Total annual holding cost is calculated as EOQ multiplied by holding cost per item per annum/2

No of order is the ratio of annual demand to EOQ

Annual ordering cost is calculated as annual demand multiplied by ordering cost per order divided by EOQ

Total annual cost is the aggregate of annual ordering cost and annual holding cost

Time between orders is the ratio of number of days in a year to number of order

8 0
4 years ago
Explain how public disclosure is used as a tool to prevent market failures.
deff fn [24]

Answer:

The correct answer is Provide info that people want.

Explanation:

Externalities are caused when the production or consumption of a good or service has a cascading effect that is not purely reflected in its price and therefore there is no appropriate compensation to be paid for it. If the price does not include the true costs of the good or service there will be a market failure. Importantly, externalities can be positive or negative. To prevent refusals, governments must add certain taxes to assets to cover their social cost.

4 0
3 years ago
The 2014 balance sheet of Jordan’s Golf Shop, Inc., showed long-term debt of $2.7 million, and the 2015 balance sheet showed lon
Gwar [14]

Answer:

$1,311,000

Explanation:

The computation of the operating cash flow is shown below:

As we know that

Operating cash flow = Cash flow from assets + capital spending - change in net working capital

where,

Cashflow from Assets = Cashflow to Creditors + Cashflow to Stakeholders

Cashflow to Creditors = Interest paid - Change in long term debt

=  $140,000 - ($2,950,000 - $2,700,000)

=  -$110,000

Now  

Cashflow to Stakeholders

= Dividends paid - New issuance of the equity

= $500,000 - (($500,000 + $3,500,000) - ($460,000 + $3,200,000))

= $160,000

So,  

Cashflow from Assets is

= -$110,000 + $160,000

= $50,000

Now  

Operating cashflow is

= $50,000 + $1,320,000 + (-$59,000)

= $1,311,000

7 0
3 years ago
In the early 2000’s, there were a series of well publicized events that effected the credibility of the accounting profession.Th
kolezko [41]

Answer:

The correct answer is Public Company Accounting Oversight Board.

Explanation:

The Sarbanes Oxley Law was enacted in the United States with the purpose of monitoring companies that are listed on the stock exchange, preventing the valuation of their shares from being altered doubtfully, while their value is lower. Its purpose is to avoid fraud and bankruptcy risk, protecting the investor.

This law, beyond the local level, also involves all companies listed on the NYSE (New York Stock Exchange), as well as its subsidiaries.

This law arose in response to the financial scandals of large corporations, such as: Enron, Tyco International, WorldCom and Peregrine Systems, as these diminished the public's confidence in the accounting systems and, above all, in the audit.

4 0
3 years ago
The Open Grill incurred the following costs in acquiring a new piece of land:Cost of the land $ 80,000. Commissions 4,800.Liabil
rodikova [14]

Answer:

B

Explanation:

we are to calculate the total land cost recorded in this question;

To get the cost recorded we do the following;

Cost of land recorded = cost of land + commissions + cost of removing existing building - sale of salvaged materials on land

cost of land recorded= 80,000+ 4,800 + 20,000 - 4,000 = $100,800

8 0
4 years ago
Read 2 more answers
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