Based on the scenario below, which insurance policies would be most beneficial for this young man?

Bavarian Bar and Grill opened for business in November 2018. During its first two months of operation, the restaurant sold gift

zhannawk [14.2K]

Answer:

1)

Sale of gift cards

Debit Bank $6,800 Credit Gift Card Certificate liability $6,800

Redemption of cards

Debit Gift card liability $2,100 Debit Bank $500 Credit Revenue $2,500 Credit sales tax payable 100

2) Liability to be reported in balance sheet = ( 6800-2100) = $4,700

3) Non current liabilities

Gift Card certificate $680

Current Liability

Gift Cards Certificates $4,020

Sale tax payable $100

Explanation:

Sales tax payable (2500*4%) = $100

The bank of $500 in the Redemption of cards journal is a balancing figure.

Classification of the liability in types of liability

Current liability

Gift card certificates sold = 6800

current liability 90% =6120

deduct redeemed card = -2100

current liability = $4,020

Non_Current Liabilities

Gift Card not yet redeemed = 4700

less current gift card liability = -4020

non current liability =680

8 0

4 years ago

In a _____ organizational structure, personnel often report to both a functional manager and one or more project managers. matri

mart [117]

Answer: Matrix

Explanation:

The matrix organizational structure is one of the type of company structure that producing various types of products and the services by an organization and the reporting relations are get up according to the company matrix.

In this system the employees report both functional manager and as well as the project manager.

The main advantage of the organizational matrix is that it helps in create the large scale projects more efficiency by organizing the each functional structure in an organization effectively.

Therefore, Matrix is the correct answer.

7 0

4 years ago

Scenario planning compares to top-down strategic planning because:____.

Bad White [126]

Answer:

<u>C. Scenario planning helps create strategic plans that are more flexible, and thus more effective than those created through the more static strategic planning approach.</u>

<u>Explanation:</u>

Even though both models or techniques are important, they are different in their degree of effectiveness.

For example, scenario planning creates solutions which are flexible in overcoming barriers to the organizations goals such as a new government policy. Thus, they are generally considered more effective than those created through strategic planning approach such as the SWOT (Strength, Weakness, Opportunity, and Threats) analysis.

4 0

3 years ago

Providing an analysis for a company regarding adding a particular product line, retracting sales markets, or dealing with risks

Irina18 [472]

Answer:

The answer is true.

Explanation:

The managerial accounting must do:

-planning and desition support.

For example, fully absorbed and incremental costing, adaptive operation and cost-based planning, product process channel and customer strategic adaptatios, enterprise optimization.

-Performance evaluation and analysis.

Assessment of current strategy and plans, integrated cost operational performance measures, profitability reporting, process analysis.

4 0

4 years ago

Choose the best and worst answer to the following question:

oee [108]

Answer:

Choose the best and worst answer to the following question:

Suppose your supervisor returns from vacation and notices that the work area looks terrible. You also had the last two days off. He's angry and criticizes you for being careless and sloppy. This wasn't your fault.

What would you do?

Best answer: Let the coworkers responsible know that you had to take the heat.

worst answer: Tell him it wasn't your fault and not to criticize you unjustly.

Explanation:

7 0

3 years ago