Answer:
B. July
Explanation:
The principle of revenue recognition arises whenever the income is realized or earned whether cash is collected or not and it also supports the accounting accrual basis. Realizable here means that the customer obtains the product however the payment is made afterward.
So, in the given case, the service is provided in the July month and the same is to be recorded on the July month
Answer:
we need to know what the options are
Explanation:
The number of meals to order for a 99% service level is 121 meals.
<h3>What is the service level?</h3>
The service level is the percentage of services that can be provided to guests or customers on a given occasion or within a given period.
It can also describe the percentage of meals that a host estimates to serve her guests at a party.
<h3>Data and Calculations:</h3>
Number of invitations sent out = 150
Number of RSVPs received = 120
Expected number of meals to serve = 100
The safety level of meals to serve = 110
The estimated service level at 110 meals = 90%
The Fiancé's estimated service level to attain = 99%
The number of meals to order for a 99% service level is 121 meals (110/90% x 99%).
Thus, the meals that you should order for a 99% service level is 121 meals.
Learn more about estimating service levels at brainly.com/question/4312911
Option D, Both A & C
Explanation:
A company invested $400,000 in a technology that reduced the overall costs of production by reducing their cost per unit from $2 to $1.85 . Later, a manager has an opportunity to outsource production to another company at a cost per unit of $1.75 . If you are the manager, you should consider the $400,000 as a sunk cost, not relevant to the decision and should ignore the $400,000 fixed cost.
Sunk cost is the cost which is already incurred in past and does not have any significance in decision making.
A sunk cost is already incurred in the fields of economy and business decision-making and can not be recovered. Sunk costs are contrasted with future costs, which can be avoided if measures are taken.
Answer:
Yes, the menu served at any McDonald's franchise will be exactly what you'd find in any other McDonald's outlet, franchise or not.
Explanation:
When businesses such as fast-food companies want to expand, one of the strategies available to them is the use of a Franchise method.
This involves permitting another company or individual to use its brand, intellectual properties, business system, and any other rights or properties of the parent company to trade in exchange for an initial fee as well as royalties whose sum is agreed by both parties.
The original company is usually called the franchisor and the new entrant the franchisee.
For this type of strategy to work, the franchisor must already have a strong brand, a tested business operating system that works and one that is easily replicable or scalable.
A franchise is not a franchise if it's services or operations differ from that of the parent company. So, whether it is the Franchisor or the Franchisee, the system, products, and services must look and feel the same everywhere one goes.
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