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DIA [1.3K]
3 years ago
8

In the following situation, imagine you are a waiter at a restaurant. See if you can put this list of tasks in

Business
1 answer:
MArishka [77]3 years ago
5 0

Answer:

1. Answer a customer's question

2.Take someone's order

3.Bring out an order of food

4 Cleae a table

5.Fold napkins

You might be interested in
At the end of the current year, the accounts receivable account has a debit balance of $999,000 and sales for the year total $11
Pavel [41]

Answer:

A.$28,325

B.$56,700

C.$56,650

D.$46,700

Explanation:

A.Record adjusting entry for bad debts on estimated percentage of sales as shown below:

Dr bad debt expenses$11,330,000× 1%×(1/4) $28,325

Cr Allowance for doubtful accounts $28,325

B.Record adjusting entry for doubtful accounts based on aging of accounts as shown below:

Dr Bad debt expense ($43,200+$13,500) $56,700

Cr Allowance for doubtful accounts $56,700

C.Record adjusting entry for bad debts on estimated at 1/2 of 1% of sales.

Dr bad debt expenses$11,330,000× 1%×(1/2) $56,650

Cr Allowance for doubtful accounts $56,650

D.Dr Bad debt expense ($53,100- $6,400) $46,700

Cr Allowance for doubtful accounts $46,700

3 0
3 years ago
Moerdyk Corporation's bonds have a 15-year maturity, a 7.25% annual coupon rate, and a par value of $1,000. The discount rate is
azamat

Answer:

$977.93

Explanation:

This is a coupon paying bond. Using a financial calculator, input the following;

Time to maturity; N = 15

Coupon payment; PMT = 7.25% *1000 = 72.5

Face Value; FV = 1,000

Annual interest rate; I/Y = 7.5%

then compute the price of the bond, a.k.a present value; CPT PV = 977.93

Therefore, the price of the bond today is $977.93

7 0
3 years ago
In its 2021 income statement, Cohen Corp. reported depreciation of $3,700,000 and interest revenue on municipal obligations of $
ella [17]

Answer:

The correct answer is $300,000.

Explanation:

According to the scenario, the computation of the given data are as follows:

First we calculate the difference in depreciation,

So, difference in depreciation = $5,500,000 - $3,700,000 = $1,800,000

As, Depreciation is for 3 years,

So, depreciation per year = $1,800,000 ÷ 3 = $600,000

Now, we can calculate the deferred income tax liability as follows:

Deferred income tax liability = $600,000 × 20% + $600,000 × 15% + $600,000 × 15%

= $120,000 + $90,000 + $90,000

= $300,000

5 0
3 years ago
Davis Company uses a standard cost system for its production process and applies overhead based on direct labor hours. The follo
evablogger [386]

Answer:

$1,800

Explanation:

Calculation to determine the variable overhead efficiency variance

Using this formula

VOH Efficiency Variance = Budgeted VOH based on Actual - Budgeted VOH/Standard Qty

Let plug in the formula

VOH Efficiency Variance = ((16,000 * $1.80/hr) - ((5,000 * 3.00hrs/unit * $1.80/hr))

VOH Efficiency Variance = $(28,800.00 - $27,000.00)

VOH Efficiency Variance = $1.800

Therefore Using the four-variance approach, what is the variable overhead efficiency variance will be $1,800

8 0
2 years ago
The term on margin means
Snezhnost [94]

Buying on margin is basically borrowing money from your broker that you don't necessarily have at the time to buy additional shares. You must have a margin account, which is separate from your cash account. Usually you are able to borrow up to 50% of the new stock price.

4 0
3 years ago
Read 2 more answers
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