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Fed [463]
3 years ago
5

Describe three different expenses associated with restaurants. Choose one of these expenses, and discuss how a manager could han

dle this expense.
Business
1 answer:
KIM [24]3 years ago
3 0

The correct answer to this open question is the following.

Describe three different expenses associated with restaurants. Choose one of these expenses, and discuss how a manager could handle this expense.

1.- The food that is going to be cooked and served.

This is the meat, fish, pasta, vegetables, condiments, and everything necessary to cook the food.

2.- The salaries of the employees.

This is the money the restaurant has to pay to its employees such as the chef, the cook, the waiters, and so on.

3.- Marketing and other promotions.

The money allocated to invest in marketing promotions and other promotions to attract new customers to the restaurant.

I am going to choose this last one. I would invite the manager of the restaurant to consider the following.

The manager should not invest in general marketing campaigns. He has to focus on segmentation. What is his segment. Who its clients are. Where they live. The manager should focus on target the necessities of that specific segment and offer valued promotions.

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On October 1, 2016, Concord Corp. issued $924,000, 7%, 10-year bonds at face value. The bonds were dated October 1, 2016, and pa
Advocard [28]

Answer:

Tabular summary is attached with this answer in MS EXCEL file.

Explanation:

The journal Entries for the Transactions are as follow

                                                                         Dr.               Cr.

October 1, 2016           Cash                      $924,000

                                    Bond Payable                          $924,000

December 31 , 2016    Interest Expense  $16,170

                                    Interest Payable                       $16,170

Interest Expense = $924,000 x 7% x 3/12 = $16,170

Download xlsx
8 0
3 years ago
What is a loan's APR? The total amount you borrowed each semester, expressed as a percentage The total cost of borrowing each se
dsp73

<u>Answer:</u>

<em>D. The loan’s annual payment requirement expressed as a percentage </em>

<em></em>

<u>Explanation:</u>

APR is the measure of interest on your absolute home loan credit sum that you'll pay every year arrived at the midpoint with full term of the loan. A lower APR could mean lower month to month contract installments. You will see APRs nearby financing costs in the present home loan rates.

APR is communicated as a rate that shows to the actual yearly cost of assets over the term of credit. This incorporates any expenses related to the exchange. Nevertheless, the exchange rate is not valued.

8 0
3 years ago
At the start of the Civil War, the
Contact [7]

Answer:

E) North had a much more substantial economy.

Explanation:

The economy of southern states was basically tied to the production and exporting of cotton. Cotton was America's largest export, but it was sold only as raw materials, it wasn't processed.

While northern states had a much broader railroad system, a healthier financial system (87% of all financial institutions), manufacturing facilities and large urban centers. Even the factories that processed cotton from the south were located at northern states.

5 0
3 years ago
which of the following items is qualitative?-cost of a new machine-depreciation of existing machine-book value of the existing m
trapecia [35]

Answer: Statement D

Explanation: Qualitative characteristics are those characteristics the values of which cannot be calculated appropriately and the one that cannot be recorded in the books as they do not have any quantitative value.

In the given problem cost of machine at which it is purchased is its value, Depreciation is the value of original cost which has been used and amount at which the machine used can be sold is its value.

Hence among all the options Option D shows qualitative characteristics.

6 0
4 years ago
For a certain item, the cost-minimizing order quantity obtained with the basic EOQ model is 350 units, and the total annual inve
Zina [86]

Answer: $3 per unit per year

Explanation:

Inventory holding cost per unit for this item is:

= Total Annual inventory carrying cost / Average inventory

Total Annual inventory carrying cost = Total annual inventory / 2

= 1,050 / 2

= $525

Average inventory = EOQ / 2

= 350 / 2

= 175 units

Inventory holding cost per unit = 525 / 175

= $3 per unit

4 0
3 years ago
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