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Marina CMI [18]
3 years ago
5

i need help ASAP!!!! Generally, parties of 8 or more require many restaurants to include gratuity of 18% on the check before pre

senting 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?a) $18.00 b)$34.45 c)$43.54 d)$191.40
Business
1 answer:
igor_vitrenko [27]3 years ago
4 0

Answer:

b)$34.45

Explanation:

Gratuity is similar to a service charge.

If the bill is $191.40, and gratitude of 18 percent will be added.  

The actual gratitude amount that will be added will be equal to

18% of the $191.40 bill.

=18/100 x $191.40

=0.18 x 191.40

= $34.45

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Answer:

net cash from investing activities = -$4,940

operating and financing activities are not affected.

Explanation:

the journal entries should be:

January 1, socks purchased

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<u>Dr Cash 60</u>

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Only the cash flow from investing activities will be affected by Parent's investing in Affiliate. Since the company uses the equity method, the operating and financing cash flows are not affected.

The cash flow from investing activities will:

  • Decrease by $5,000 due to the purchase of stocks.
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4 0
3 years ago
A special repair to a machine will extend the life of the machine an additional four years beyond the original estimated life of
Bumek [7]

Answer:

C. A capital expenditure.

Explanation:

This is an example of a capital expenditure as it makes significant improvements to the machines and extends the life considerably.

These types of expenses are capitalized in the balance sheets under the original asset name and the asset is revalued by the improvement cost and stated at net book value + improvement.

Revised depreciation is then calculated on this new NBV as applicable with increased life of asset.

Hope that helps.

6 0
3 years ago
3. Which is the correct order for making financial decisions? A) put goals in writing, rethink goals if necessary, have a plan o
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Answer:

B

Explanation:

Setting up realistic goals is key to saving money. Why would you want to save for a car when you are 12? You would rather save to get a new tablet or toy.

Realistic could also mean achievable why would you set a goal that has a low chance of you reaching such as becoming a millionaire and so on.

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3 years ago
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Earned net income of $65,000 after deducting depreciation of $8,000 and all other expenses. Current assets decreased by $7,000​,
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Answer:

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The indirect method involves the adjustment of net income with changes in balance sheet accounts to arrive at the amount of cash generated by operating activities.

It depends on the account if it is added or subtracted to net income. Below you will find the added account with a plus (+) and the subtracted ones with a minus (-)

Notice the amounts of any decreases are in parentheses.

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+ Depreciation expense 8.000

+ Current assets decrease 7.000

+ Current liabilities increase 9.000

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7 0
3 years ago
Technological advances are difficult to predict. One great advance can replace or substitute for existing products in a relative
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Answer:

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Ask yourself, when was the last time you bought a newspaper? I haven´t bought a newspaper in years but I can also guarantee that I read more news outlets today that ever before. I can read the New York Times, The Washington Post, Sports Illustrated, etc. all on my cellphone. Using my phone is cheaper and faster (and also more ecological) than buying a printed version. In a few years probably no newspaper will have a printed edition, not even magazines will be printed anymore.

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