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3 years ago

Explain the difference between buffet and fast food restaurants.

2 answers:

4 0

Fast foods generally are easy to prepare and foods that don’t require time or care, such as fried foods. Though fine dinning restaurants may have some items that are quick or previously prepared, they mostly have items that take a little more care in serving and preparation. They also have more amenities than fast foods. I would not call a dinner a fine dinning establishment as it usually serves fast prepared items as well. Mostly comfort foods such as burgers and deep-fried foods. Most people think of fine dinning as a more eloquent affair and probably containing gourmet entrees.

jek_recluse [69]3 years ago

3 0

Answer:

The difference is that buffets don't actually have to prepare the food quickly.

Explanation:

Buffet can be considered a form of fast food: you walk in and pay, and can then immediately grab whatever you like and eat it.

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3 years ago

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Nanjones Company manufactures a line of products distributed nationally through wholesalers. Presented below are planned manufac

Murrr4er [49]

Answer:

Variable manufacturing overhead spending variance= $2,000 favorable

Explanation:

First, we need to calculate the predetermined overhead rate:

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Predetermined manufacturing overhead rate= 2,400,000 / 240,000

Predetermined manufacturing overhead rate= $10 per machine hour

To calculate the variable overhead spending variance, we need to use the following formula:

Variable manufacturing overhead spending variance= (standard rate - actual rate)* actual quantity

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Variable manufacturing overhead spending variance= $2,000 favorable

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3 years ago

What are the kitchen tools and equipment needed to cook pancake.

Firlakuza [10]

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Added toppings as well such as syrup or something

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2 years ago

Vandy Corporation's balance sheet and income statement appear below: Comparative Balance Sheet Ending Balance Beginning Balance

Burka [1]

Answer:

See below the statement of Cash flow from Vandy Corporation.

Explanation:

Vandy Corporation

Statement of Cash Flow

CASH FLOW FROM OPERATING ACTIVITIES:

Net Income $104

Adjustments to reconcile net income to net cash provided by operating activities:

Depreciation on Fixed Assets ($349-$319+$12) $42

Gain on Sale of Equipment ($16)

(Increase) Decrease in Current Assets:

Accounts Receivables $12

Inventory $2

Increase (Decrease) in Current Liabilities:

Accounts Payable ($1)

Accrued Liabilities ($1)

Income taxes payable $4

Net Cash provided by Operating Activities $146

CASH FLOWS FROM INVESTING ACTIVITIES:

Proceeds from sale of Equipment $18

Purchase of Property, plant and equipment ($684-$550+$14) ($148)

Net Cash Flow from Investing Activities ($130)

CASH FLOWS FROM FINANCING ACTIVITIES:

Bonds Payable $13

Issuance of Common Stock $1

Payment of Dividends ($28)

Net Cash from Financing Activities ($14)

Net Increase (Decrease) in Cash $2

Opening Cash Balance $29

Ending Cash Balance $31

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3 years ago

During the current year, sales on account were $306,673, collections on account were $290,750, write-offs of bad debts were $7,0

sweet-ann [11.9K]

Answer:

1-a. Complete the Accounts Receivable and Allowance for Doubtful Accounts T-accounts to determine the balance sheet values. Disregard income tax considerations.

Accounts Rec T-Account

$ 306.673 Debit

$ 290.750 Credit

$ 7.059 Credit

$ 8.864 Debit Balance

Allowance for Doubtful Accounts T-Account

$ 7.059 Debit

$ 4.775 Credit

$ 2.284 Debit Balance

1-b. Complete the amounts related to Accounts Receivable and Bad Debt Expense that would be reported on the income statement for the current year.

$ 4.775 Dr Bad Debt Expense

1-c. Complete the amounts related to Accounts Receivable and Bad Debt Expense that would be reported on the balance sheet for the current year.

$ 2.284 Dr (Debit) Allowance for Uncollectible Accounts

$ 8.864 Dr (Debit) Accounts Receivable

Explanation:

Initial Balance

Dr Accounts Receivable $ 306.673

Write-offs of bad debts

Cash $ 290.750

Cr Accounts Receivable $ 290.750

Write-offs of bad debts

Dr Allowance for Uncollectible Accounts $ 7.059

Cr Accounts Receivable $ 7.059

Bad debt expense adjustment

Dr Bad Debt Expense $ 4.775

Cr Allowance for Uncollectible Accounts $ 4.775

1-b. Complete the amounts related to Accounts Receivable and

Bad Debt Expense that would be reported on the INCOME STATEMENT for the current year

Dr Bad Debt Expense $ 4.775

1-c. Complete the amounts related to Accounts Receivable and

Bad Debt Expense that would be reported on the BALANCE SHEET for the current year.

Dr Allowance for Uncollectible Accounts $ 2.284

Dr Accounts Receivable $ 8.864

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3 years ago