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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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Suppose you are tasked with designing a policy to lower emissions from automobile use. What type of policy (i.e. command and con
hjlf

Answer:

Tradable permits

Explanation:

A tradable permit is a term that describes a market-based technique that provides the government with the chance or power to curb negative externalities produced by a group of companies.

In this situation, permits are traded among companies, whereby a company that has reduced production of the externality can trade permits to companies that are unable to make such reductions and are ready to pay for the permits.

Reason to recommend this Approach its policy:

It has been observed that, in every place where this approach or policy is used, the market for permits obtains the desired effect that is more profitable and productive for society

5 0
3 years ago
5. Calculating tax incidence Suppose that the U.S. government decides to charge wine consumers a tax. Before the tax, 45 billion
katrin2010 [14]

Answer:

The amount of the tax on a bottle of wine is <u>$3</u> per bottle;

Amount of tax = Amount paid by consumers - Amount received by producers

= 5 - 2

=$3

Of this amount, the burden that falls on consumers is $1 per bottle;

Burden on consumer = Price paid by Consumer after tax - Price paid before

= 5 - 4

= $1

The burden that falls on producers is $2 per bottle;

Burden on producers = Tax - Consumer burden

= 3 - 1

= $2

The effect of the tax on the quantity sold would have been the same as if the tax has been levied on producers. FALSE

If the tax had been on producers then the price might not have increased as it did. This would leave the price at or close to the point it was at and consumers would still be able to afford more of the bottles.

7 0
3 years ago
Faced with constantly changing​ conditions, why would a firm ever keep any factors​ fixed? What criteria determine whether a fac
Marrrta [24]

Answer:

On the short run, most factors of production are fixed since both wages and prices are sticky, but on the long run, all the factors of production are variable.  So firms cannot decide which factors to keep fixed or not, they simply are fixed or not.

A variable factor of production is one whose input level can change in the short run, e.g. a company can extend working hours from the regular 8 hours a day to 10 hours per day.

A fixed factor is one whose input level cannot be changed in the short run, e.g. it takes several months or even years to build a new production facility, lease contracts usually last 3-5 years.

4 0
3 years ago
Fun Stuff Manufacturing produces frisbees using a three-step sequential process that includes molding, coloring and finishing. W
VladimirAG [237]

Answer:

✓Debit to WIP Inventory-Finishing

✓credit to WIP Inventory-Coloring.

Explanation:

From the question, we are informed about Fun Stuff Manufacturing produces frisbees using a three-step sequential process that includes molding, coloring and finishing. When the frisbees and associated costs are transferred from the molding process to the coloring process, WIP Inventory-Finishing is to be debited, while WIP Inventory-Coloring is credited in the journal entry . WIP can be regarded as part of the overhead cost as well as raw materials, and labor cost at each stages during the process of production. When recording on the journal entry, journal entry can be regarded helps in recording any transaction as far as accounting system is concerned. Several recording are found in journal, and can fall in debit or credit side . At the journal entry, Debit side is at the left-hand side and credit side is at the right-hand side

4 0
3 years ago
According to the expectations theory of the term structure Question 17 options: A) yield curves should be equally likely to slop
prisoha [69]

A and C is correct

Explanation:

According to the expectations theory of the term structure :

  • The yield curves should also decrease as the slope upward.
  • Short-term prices are expected to stay fairly stable in forward whenever the return curve is sharply increasing.

Theory of expectations is focused on investors ' confidence in forward prices as future contracts represent (and some might argue predict) potential short-term interest rates.

Investors in two recent 1-year bond transactions and investing in a single two-year bond today show the same level of value.

4 0
3 years ago
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