Answer:
Owners Equity/Net Worth is $106,080
<u>Explanation:</u>
<u>Assets</u>
Cash $33,700
Supplies $5,780
Accounts Receivable $12,600
Equipment <u>$77,400</u>
Total Assets <u>$129,480</u>
<u>Liabilities</u>
Accounts Payable $23,400
<em>Owners Equity (Balance) </em><u><em>$106,080</em></u>
Total Liabilities and Equity <u>$129,480</u>
Answer:
The profit margin controllable by the Central Valley segment manager is: $ 95,000.
Explanation:
Only items directly controllable by the Manager should be included in the divisional financial performance measure.
<u>Central Valley Division</u>
Revenues $ 405,000
Less Variable Costs :
Variable operating expenses ($ 230,000)
Controllable Contribution $ 175,000
Less Controllable fixed expenses ($80,000)
Controllable Profit $ 95,000
Answer:
A potential obligation that depends on a future event arising from a past transaction or event
Explanation:
A contingent liability is a potential obligation that depends on a future event arising from a past transaction or event.
Contingent liability are usually recorded in the financial statements if :
A. The contingency is likely to occur
B. The amount can be estimated.
I hope my answer helps you
Answer: Contracts
Explanation: Because the 2 parties are coming to a contractual agreement.
Answer: One-third
Explanation:
The impact of technology in our everyday life cannot be understated. Technology has made life easier by simplifying our work lives and personal lives. In the restaurant industry, technological terms such as artificial intelligence, mobile apps, smart devices etc are now common in the industry.
Technology helps in making work easier. This can be noticeable in knowing the food cost percentage of a restaurant. Through technology, the food cost percentage of a restaurant can now be known in one third of the time used before technology came into place.