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3 years ago

9

Alex believes in serving local fresh produce at his restaurant. His restaurant menu depends on seasonally available ingredients.

Which category would you say Alex's restaurant menu follows?

1 answer:

Ivahew [28]3 years ago

6 0

Alex belongs to area specialization.

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Varto Company has 12,600 units of its sole product in inventory that it produced last year at a cost of $31 each. This year’s mo

grandymaker [24]

Answer:

It is more profitable to sell the units as-is.

Explanation:

Giving the following information:

Number of units= 12,600

Varto has two alternatives for these items:

(1) they can be sold to a wholesaler for $13 each

(2) they can be processed further for $272,300 and then sold for $34 each.

The first cost of $31 is a sunk cost, it will remain no matter which option is chosen. We will not take it into account for the decision making process.

Option 1:

Effect on income= 12,600*13= $163,800

Option 2:

Effect on income= 12,600*34 - 272,300= $156,100

It is more profitable to sell the units as-is.

7 0

2 years ago

Which statement is true about reporting receivables on the balance sheet?

MAVERICK [17]

<h3>Answer:</h3>

D. Allowance for Doubtful Accounts is shown as a deduction from Accounts Receivable on the balance sheet.

<h3>Explanation:</h3>

Balance sheet is a statement of account that shows the number of assets, liabilities, capital and net profit or loss in an organisation.
Receivables refers to the amount that the seller ios owed by the customers or buyers.
Therefore, receivables are current assets in a business and are listed on the left side of the balance sheet.
Allowance for doubtful accounts is listed as a deduction below the accounts receivable as it is a reduction of the total amounts on accounts receivable.

3 0

2 years ago

Steve Jack and Chelsy Stevens formed a partnership, dividing income as follows: Annual salary allowance to Stevens of $176,130.

denpristay [2]

Answer:

$45,440.00

Explanation:

Jack's interest on capital =5%*$90,000=$4,500.00

Stevens' interest on capital =5%*$111,000=$ 5,550.00

Net income left to be shared in ratio 1:2 is the net income of $309,000 minus the total interest on capital of $10,050 i.e $4,500+$5,550 and salaries to Stevens

Net income left for sharing=$309,000-$10,050-$176,130=$ 122,820.00

Jack's share of profit=1/3*$ 122,820.00 =$ 40,940.00

Stevens' share of profits=2/3*$122,820.00 =$ 81,880.00

Amount distributed to Jack=$4,500+$ 40,940=$45,440.00

6 0

2 years ago

Hubert works for MRK all year and earns a monthly salary of $ 11,900. There is no overtime pay. Brooke's income tax withholding

Rom4ik [11]

Answer:

monthly salary $11,900

income tax withholding 10%

United Way contribution 5%

health insurance $125

cumulative earnings until September 30 = $107,100

Brooke's net pay for October:

Gross pay $11,900

federal income tax withholding -$1,190

United Way contribution -$595

Social Security -$737.80

Medicare -$172.55

health insurance -$125

net pay = $9,079.65

October 31, 202x, wages and payroll taxes expense

Dr Wages expense

Dr FICA tax (OASDI) expense

Dr FICA tax (Medicare) expense

Cr Federal income tax withholding payable 1,190

Cr United Way contribution payable 595

Cr FICA tax (OASDI) withholding payable 737.80

Cr FICA tax (OASDI) payable 737.80

Cr FICA tax (Medicare) withholding payable 172.55

Cr FICA tax (Medicare) payable 172.55

Cr Health insurance 125

Cr Wages payable 9,079.65

No FUTA or SUTA tax expense because they only apply for the first $7,000 earned per year. Since we are not told if the employer also pays a % of the health insurance, then we cannot calculate it, nor any 401k contribution.

3 0

3 years ago

In his search for a franchised business that would satisfy his passion for the outdoors and earn him a decent living, Andrew not

maxonik [38]

Answer:

royalties

Explanation:

According to my research on franchised businesses, I can say that based on the information provided within the question in business this obligation is referred to as royalties. These is an obligation in which the franchisee agrees to pay the franchiser a set percentage of the profits made under the licensed company. Like seen in the question the royalty percentages depend on the company as well as what is agreed upon when signing the licensing agreement.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

6 0

2 years ago