Developing new menu offerings has been one of the commonly used marketing strategies by restaurants to address changes in competition to other competing restaurants. They advertise their menu by creating banners and using social media to inform the customers on their new menus.
Answer:
This question is incomplete, the options are missing. The options are the following:
a) Ceiling effect.
b) Floor Effect.
And the correct answer is B: Floor effect.
Explanation:
To begin with, in the field of statistics the term known as "Floor Effect" refers to the situation in where the gathering of data regarding an statistic instrument about a subject turns out to have a lower limit to the data values it can reliably specify. And the floor is understood to be as that lower limit in the chart or graphic created in the study of the subject. Moreover, this term is also used in the field of psychology when test are done to subjects in study as well.
when manufacturing overhead has a credit balance, overhead is overapplied. Overapplied overhead means that the overhead assigned to work in process is greater than the overhead incurred. Also, since the amount is immaterial, it should be closed in cost of goods sold.
The adjusting entry for the overapplied over-head is:
b. debit factory overhead $5,600; credit cost of goods sold $5,600.
After posting this entry the factory overhead account will have a zero balance.
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Answer:
$500,000 of notes payable as short-term and $3,500,000 as long-term obligations.
Explanation:
Short term liabilities are those liabilities which need to be paid within one year time and Long term liabilities are those liabilities which need to be paid after one year time.
In this question $4,000,000 of note payable with refinancing of $3,500,000 in following month after year end which means that the a payment of $500,000 ($4,000,000 - $3,500,000) is required in the following months. So, $50,000 will be short term liability and renewed fiance of $3,500,000 long term liability.
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Explanation:
