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uysha [10]
3 years ago
12

Generally, parties of 8 or more require many restaurants to include gratuity of 18% on the check before presenting to the guest.

For a party of 12 and a total check in the amount of $191.40, what is the gratuity amount added to the check for this large party?
Business
1 answer:
Sophie [7]3 years ago
5 0

Answer:

The gratuity amount that added is $34.452

Explanation:

According to the given scenario, the calculation of the gratuity amount that added is given below:

= Total check in the amount × gratuity percentage

= $191.40 × 18%

= $34.452

Basically we multiplied the total check amount with the gratuity percentage so that the gratuity amount could come

Thus, the gratuity amount that added is $34.452

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Which of the following is NOT a basic assumption of perfect​ competition? A. Production is characterized by significant economie
Alex17521 [72]

Answer: Production is characterized by significant economies of scale is not an assumption of perfect competition (A)

Explanation:

A perfect competition is a form of market structure that has many buyers and may sellers. In a perfect competition, there is a free entry and exit for producers as there is no barrier.

Also, firms are price takers as no producer can influence the price of the goods in the market unlike in an imperfect competition which is a price maker as producers can influence price. Firms also sell identical products that are the same in quality, size etc.

In a perfect competition, production is not characterized by significant economies of scale. That is an assumption that can be found in monopoly.

Therefore, option A is the right answer.

7 0
3 years ago
During 2021, its first year of operations, Ashbaugh Industries recorded sales of $21,000,000 and experienced returns of $1,400,0
juin [17]

Answer:

B) Credit to refund liability of $280,000

Explanation:

The total estimated returns are 85 of the total sales = 8% x $21,000,000 = $1,680,000.

Since the company had already accounted for $1,400,000 in returns, the adjusted necessary should be = total returns - accounted returns = $1,680,000 - $1,400,000 = $280,000

Since the refund liability account must increase, and it is a liability account, it should be credited.

3 0
3 years ago
The initial cost to rent a bike is 6$. each hour the bike is rented costs 1.50. connor is going to rent a bike an can spend at m
ki77a [65]
$6.00 + 1.50(x) ≤ $12.00
1.50 x ≤ $12 - 6
1.50 x ≤ 6
x = 6.00÷1.50
x= 4 hours
4 0
3 years ago
Which of the following best approximates a pure monopoly? rev: 05_15_2018 Multiple Choice
goldfiish [28.3K]

Answer:

3) The only bank in a small town

Explanation:

By definition a monopoly occurs when there is only one supplier in the market for a specific good or service. In this case, if there is only one bank that works in a small town, then that bank has a monopoly of all the town's residents that require banking services. If any resident doesn't like that specific bank, they need to go to another town in search for banking services.

5 0
3 years ago
Porter Corporation makes and sells a single product called a Yute. The company is in the process of preparing its Selling and Ad
anzhelika [568]

Answer:

$519,800

Explanation:

Variable cost per unit = $5.90 + $5.30 + $8.90 + $0.60

Variable cost per uni= $20.70

Fixed cost total = $32,000 + $178,000 + $7,000 + $20,000

Fixed cost total = $237,000

Cash disbursements for December = (Variable selling and administrative cost per unit*Number of unit (Yutes) sold) + (Fixed manufacturing overhead less depreciation)

= (14,000 * $20.70) + ($237,000 − $7,000)

= $289800 + $230,000

= $519,800

7 0
3 years ago
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