Abstract
This study investigates the critical dimension of factors driving restaurant choice among 277 consumers, predominantly residents of the Southeastern United States. The food provided (quality, taste) was central to respondents' decision to favor one restaurant over another, though prior positive experience, a clean production/service environment, and hospitable service are additional factors that most strongly influenced restaurant choice.
An example of a company that I could start is a travel advisory business. The best business structure that would make the most sense is an S corporation. This is because it provides protection from personal liability. It will also allow me to report my share of loss and profits of the company in my tax filings.
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The net income or net loss is calculated on the
statement of owner’s equity.
Answer:
Wally and Pay More Incorporated
The loan resulted in any income to Wally of $3,960 ($4,320 - $360), which would have been a cost he would have incurred had he borrowed the loan at the prevailing federal interest rate.
On the other hand, it resulted in a lost revenue (expense) of $3,960 ($4,320 - $360) which Pay More Incorporated could have earned if it had loaned it at the prevailing federal interest rate. This expense is a compensation expense.
Explanation:
Pay More's Loan to Wally = $36,000
Interest rate = 1%
Prevailing interest = $4,320
Interest paid = $360
Difference between prevailing interest and interest paid by Wally = $3,960 ($4,320 - $360).