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3 years ago

Omar and Janet decide to revise their budget for Rings and Things. What suggestions about labor

Business

1 answer:

Citrus2011 [14]3 years ago

5 0

Answer:

Review labor costs downwards

Explanation:

Janet and Omar should consider revising their budget for labor downwards. In the current state, labor costs are $1000, which is approximately 57 percent of all costs. As a rule of thumb, labor costs should be between 25 to 35 percent of total costs. This implies that Janet and Omar's labor costs are very high in relation to the other costs.

Janet and Omar should aim for a profit. Ideally, a 25 to 30 percent profit is a good target for such a business. For this to happen, they need to cut down labor to between $300 to a maximum of $400.

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notka56 [123]

Answer:

$109,700

Explanation:

Pharoah Company Outstanding checks on bank reconciliation:

Formula for Outstanding checks on bank reconciliation will be:

Outstanding checks on bank reconciliation = Total checks outstanding+Checks issued during month -checks cleared during the month

Hence,

= $42,200+$263,900-$196,400

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Therefore the amount of outstanding checks on Pharoah Company's bank reconciliation should be $109,700

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1 year ago

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8_murik_8 [283]

Answer:

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3 years ago

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MrRa [10]

Answer:

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