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3 years ago

with what kind of vocabulary should a person be familiar for reading the balance sheet of a restaurant easily

Business

2 answers:

sleet_krkn [62]3 years ago

8 0

Answer:

Must be familiar with accounting and business vocabulary.

Explanation:

The balance sheet refers to the liabilities and assets of a company. That is, two debts with third parties and their assets. In this sense, a restaurant's balance sheet will technically show the restaurant's liabilities, assets and net worth, and it is necessary to understand technical terms related to accounting and the business environment.

Svet_ta [14]3 years ago

4 0

A person should be <span>familiar for reading the balance sheet of a restaurant easily when he or she knows the accounting terms or vocabulary. These terms are usually used by accountants and the like which most likely handles these kind of papers. Hope this answers the question.</span>

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Sol’s Sporting Goods is expanding and, as a result, expects additional operating cash flows of $26,000 a year for 4 years. This

klasskru [66]

Answer:

NPV of the project = $32,404

Explanation:

Provided information we have,

Cash outflow in investment = $39,000

Cash inflow = $26,000 for 4 years

Working capital required = $3,000 through out the life.

Thus, at the beginning of year cash outflow = $39,000 + $3,000 = $42,000

Provided rate of return = 16%

Present value interest factor for 4 years = 2.798

Present value of cash inflow = $2.798 $\times$ $26,000 = $72,748

Present value of working capital = $3,000 $\times$ 0.552 = $1,656

Total PV of cash inflow = $74,404

Less: PV of cash outflow = $42,000

NPV of the project = $32,404

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3 years ago

While Aros Inc. incurs a cost of $20 for a pair of shoes, Shoes Cult Inc., its competitor, manufactures a pair of shoes at $22.

Marat540 [252]

Answer:

D. Shoes Cult has a competitive advantage over Aros.

Explanation:

Competitive advantage is defined as the advantage an entity has when they are able to produce a good at cost that is lower than the cost incurred by other parties in the same industry. This results in higher profit margins for businesses that have low production cost.

In this scenario Aros produces shoes for $20 while Shoes Cult produces the same shoes for $22. They both have the same price ceiling of $30.

Aros has competitive advantage over Shoes Cult because they produce at a lower cost and make more profit than Shoes Cult.

Assume they both sell at the maximum price. Profit for Aros= 30- 20=$10

Profit for Shoes Cult= 30-22= $8

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3 years ago

In most nations, one or more governing bodies must approve government spending or new tax policies. this process causes a(n) ___

sergeinik [125]

In most nations, one or more governing bodies must approve government spending or new tax policies. this process causes a(n) implementation lag.

Implementation lag is the delay between an adverse macroeconomic event and the implementation of a fiscal or monetary policy response by the government and central bank. Implementation lag can result into delays due to various reasons such as failure in recognizing a problem, disagreements and bargaining over the appropriate response; physical, technical and administrative constraints etc.

Implementation lag may reduce the effectiveness of a policy response or even result in periods of procyclical policy. There is always an implementation lag after a macroeconomic surprise.Policy makers may not ever realize there is a lag due to data lag.

To learn more about macroeconomic click here:

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1 year ago

Accounts Receivable has a balance of $ 4 comma 000$4,000, and the Allowance for Bad Debts has a credit balance of $ 450$450. Th

Darya [45]

Answer:

What is the net realizable value of Accounts Receivable after a $ 140$140 account receivable is written off? is $3550

Explanation:

Account receivable 4000

Allowance bad debts 450

Net realizable =(400-140)-(450-140)

=3860-310

=3550

5 0

4 years ago

A company has decided to discontinue a component of its business but, when the reporting period ends, the component has not yet

Ede4ka [16]

Answer:

The amount by which the component's fair value less cost to sell is less than book value and income from operations for the year

Explanation:

Fair value less cost to sell (FVLCS) is the measurement of the value of the ‘net’ economic benefits embedded in a fixed asset that can be one in a case where the asset is been sold. Just like the name refers, it equals the fair value minus the costs that the company will incur in selling the asset such as irrecoverable taxes, delivery and transportation cost , transaction costs and so on. The fair value of the asset is the amount which can be sold to a knowledgeable and willing buyer in an arm’s length of the transaction.

3 0

3 years ago

Read 2 more answers