It would be part of <span>controlling</span>
Answer:
cost of goods purchased= $950
Explanation:
Giving the following information:
Larkspur Co. had cost of goods sold of $3,100.
Beginning inventory was $3,200
Ending inventory was $1,050
<u>To calculate the purchases, we need to use the following formula:</u>
COGS= beginning finished inventory + cost of goods purchased - ending finished inventory
3,100 = 3,200 + cost of goods purchased - 1,050
cost of goods purchased= 950
Answer:
Different aspects to be considered:
First of all, the steakhouse probably has the most clients between 6 to 8 PM, that is why discounts are not offered during that time.
Second, the discount is offered to only a certain group, employees of other stores, because it is a promotional strategy aimed at increasing the number of clients during slow hours. Since this is a fancy place, it is probably expensive also. Most employees would not actually eat there except on a special event, e.g. birthday or anniversary dinner. Even with the 20% discount, not many of them will actually eat there.
This is something nice to offer, since a shopping mall is a close environment where a lot of different people work together, even if very few will actually take the offer. It is normal that different stores have distinct promotions for the employees that work there. It is similar to offering perks that help create a better working environment between the employees of different stores.
Answer:
The business is complying with the Liquidation concept.
Explanation:
Liquidation in most cases is a concept in business that happens when a company sells off its inventory lower than their cost price because the company is about to be closed down.
It is usually to generate cash within a short period of time to pay off debts or creditors.
Answer:
The cost of care in a nursing home, along with <u>the cost of meals and lodging</u>, <u>should be included</u> with the costs for medical or nursing care if the primary reason is <u>to obtain medical care for their parents</u>.
If the primary reason for being there is personal, <u>the total</u> costs for medical or nursing care <u>should be included</u> in the total of deductible medical expenses, <u>but the costs of meals and lodging should not be included</u>.
Consequently, it appears that Jerry's parents are in the nursing home <u>to obtain medical care</u>, while Ernie's parents are in the nursing home <u>for personal reasons other than medical care</u>.
