Answer:
44,980
Explanation:
20 % of $224,900 = (20/100) × $224,900 = $44,980
Liability insurance or legal liability
Answer: a. menu costs
Explanation:
Menu Costs of inflation are the costs associated with sellers and suppliers having to update their prices whenever they increase.
This is the cost of making new tags, updating catalogues, updating websites and anything that has to do with updating price.
It gets it's name from Restaurant menues having to be reprinted when prices rise.
Jacques is experiencing Menu Costs.
Answer:
Small businesses usually deal with known and established products and services, while entrepreneurial ventures focus on new, innovative offerings. Because of this, small business owners tend to deal with known risks and entrepreneurs face unknown risks.
Answer: Periodic review system
Explanation: In simple words, it refers to the traditional inventory management system in which the inventory level is reviewed at regular intervals like once in a week or month etc.
After recording and calculating for the existing level the individual in authority decides there upon whether the inventory should be reordered or not.
In the given case, the owner checks weekly the soda machine and refills it accordingly.
Hence we can conclude that the owner is using periodic inventory system.