I thought it would be B. Because if she is doing audit and knows someone in the company that is helping with the audit, she is NOT legally able to do the audit! That is what I learned in accounting anyway. I am not sure though just an input.I would pick B.
If you are looking for a true or false, This is true.
The invention of restaurant foods is what distinguished modern restaurants from predecessor food service operations.
<h3>What is meant by food service operations?</h3>
An establishment that serves meals designed to be served in individual quantities for a fee or a mandated donation is known as a food service operation. Restaurants, nursing homes, hospitals, prisons, coffee shops, and candy stores are a few examples of FSO.
Controlling food expenditures is essential for a successful restaurant, which is why food service management is so important. FSMs assist firms in remaining profitable by training staff on serving and preparation standards, maintaining a careful inventory of stock, and identifying various sources for the most affordable ingredients.
The earliest signs of the food service sector date around 3000 BC during the Sumerian era. The majority of the time, temples and palaces served food. They hired chefs, who prepared meals for the aristocracy and visitors.
The invention of restaurant foods is what distinguished modern restaurants from predecessor food service operations.
To learn more about food service operations refer to:
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Answer:
Income statement for Shannon Company that uses the contribution format and is segmented by divisions is attached with this answer please find it.
Explanation:
Contribution margin income statement is determines the contribution margin and Net income. Contribution margin is calculated after deducting variable costs from the revenue and the net income after deducting fixed expense from the contribution margin.
Overall
Sales Value is the sum of the sales of both North and South Segment.
Sales = $960,000
Contribution margin ratio = 34%
Net operating income = $19,200
North Divisions
Contribution margin $121,600
Contribution margin ratio 38%
As we know:
Contribution Margin ratio = Contribution margin / Sales
38% = $121,600 / Sales
Sales = $121,600 / 38% = $320,000
South Division
Margin $140,800.
Common fixed cost of $211,200 is deducted to calculate the net income.