The owner is usually the one who developed the menu.
The net operating income as per the variable costing method is $14500
<u>Explanation:</u>
The unit product cost is = $18 + $10 + $4 = $32
Sales revenue ( $78 multiply with 8700 units) = $678600
Variable cost:
Variable cost of goods sold ( 8700 units multiply $32) = $278400
Variable selling and administartive (8700 units multiply $5) = $43500
contribution margin = $356700
fixed manufacturing overhead = $255200
Fixed selling and adminstrative expenses = $87000
Net operating income = $14500
<u>Note:</u> contribution margin is calculated after deducting sales revenue with variable cost
Answer:
$50,400
Explanation:
Cash Balance as per bank statement $62,900
[$69700+$25300-$20400+$87600-$99300]
Less: Outstanding checks at April 30, 2020 <u>$12,500</u>
Adjusted Cash balance per bank <u>$50,400</u>
So, the cash balance per books at April 30, 2020 is $50,400
Answer:
Finance Learning Corporation
Explanation:
Unlike sole proprietorship and partnerships, the corporation has a life independent of its owners and officers. This statement is true.
<h3>
What is Partnership?</h3>
- In a partnership, parties who are referred to as business partners agree to work together to further their shared objectives. Individuals, companies, interest-based organizations, schools, governments, or combinations of these may be the partners in a partnership.
- Organizations may work together to expand their reach and increase the likelihood that each will succeed in reaching their goals.
- A partnership may solely be controlled by a contract, or it may issue and hold stock. Business: Two or more businesses collaborate in a joint venture, a buyer-supplier arrangement, a strategic alliance, or a consortium to: I work on a project (such as an industrial or research project) that would be too difficult or risky for a single entity; and (ii) join forces to have a stronger position on the market.
To learn more about partnership with the given link
brainly.com/question/19988417
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