Answer:
the Swiss Chalet had higher occupancy than its competitive set in 2019
Answer:
Net Income for the year is $174,000
Explanation:
Net Income Calculation for the year is done below:
<u>Particulars</u> <u>$</u>
Revenues (290,000 + 50,000) 340,000
Less: Rent (30,000 / 2) (15,000)
Less: Salaries (110,000)
Less: Utilities (40,000 + 1,000) (41,000)
Net Income 174,000
Please note the following with regard to the calculation done above:
- Revenue includes both the cash collected from customers and cash owed by the customers, which received later on at the end of the year.
- Rent has been divided by two, this is due to the fact that calculation of net income is done for the current period so only one year rent is taken.
- Utilities include cash paid for utilities and the amount company owed to gas & electric company.
Answer:
105
Explanation:
1+2+3+4+5+6+7+8+9+10+11+12+13+14 = 105
Answer:
Economic costs include both explicit costs and implicit costs.
Explanation:
- In economics, costs can be in the form of explicit and implicit as implicit costs are opportunity costs and are opportunities for engaging in business. While the explicit costs are accounting costs which are involved in the production of raw matter, wages etc.
