The thing that demonstrate your restaurant's concept is a) your food.
What is restaurant concept ?A restaurant is a place of business that prepares and provides customers with food and beverages. Although many restaurants also provide take-out and food delivery services, meals are often served and consumed on the premises. Within the hospitality industry, which is a subset of the larger service industry, restaurants, bars, and other similar enterprises typically belong under the "food and drink" category.
The topic that characterizes your restaurant serves as your restaurant concept. Restaurant themes describe the overarching theme or philosophy that underpins a restaurant's menu, service method, and musical selection.
Therefore, option A is correct.
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missing options:
a) Your food b) Your staff c) Your presentation d) All of the above. d) All of the above.
Using the following information about the family’s assets and liabilities, calculate the debt ratio: Checking account: $3,000 Savings account: $13,000 Credit card balance: $5,500 Utility bill: $500 Home: $320,000 Mortgage (30 years): $210,000 Car: $25,000 Car loan (60 months): $18,000 Student loan (7 years): $25,000 Household items: $15,000 Retirement account: $64,000 Other assets: $39,000
Based on the various assets and liabilities that the family has, the debt ratio can be calculated to be 54.1%.
How is the debt ratio calculated?The debt ratio can be calculated as:
= Total debt / Total assets
Total debts
= Credit card balance + Utility bill(Car loan (60 months) + Student loan (7 years)
Total assets
= Checking account + Savings account + Home + Car + Household items + Retirement account + Other assets
= (5,500 + 210,000 + 180,000+ 25,000) / (3,000 + 13,000 + 320,000 + 25,000 + 15,000 + 64,000 + 39,000)
= 258,500 / 479,000
= 54.1%
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The _____ is the person who provides support or obtains funding.
stakeholder
project manager
customer
sponsor
Answer:
sponsor
Explanation:
3.Let us assume that President Joe Biden of USA has decided to decrease tax to improve investment in US. Discuss the impact of this policy on the real exchange rate and net export of Ethiopian economy and use the appropriate graphical analysis.
Answer:
Explanation:
The impact of President Joe Biden's decision to decrease taxes in order to improve investment in the United States on the real exchange rate and net export of the Ethiopian economy would depend on a number of factors, including the specific details of the tax policy and the current state of the Ethiopian economy.
In general, a decrease in taxes in the United States could lead to an increase in investment in the country, which could lead to an increase in the demand for goods and services and a corresponding increase in economic growth. This could lead to an appreciation of the U.S. dollar relative to other currencies, including the Ethiopian birr. This means the relative price of US goods and services will be cheaper than the Ethiopian goods and services.
An appreciation of the U.S. dollar can lead to a decrease in the competitiveness of Ethiopian exports in the global market, leading to a decrease in the net export of the Ethiopian economy. Graphically this can be represented by a shift of the net export curve to the left, meaning that the net export of the Ethiopian economy will decrease.
On the other hand, this policy could also lead to an increase in the inflow of foreign capital into Ethiopia as well, which could lead to an appreciation of the Ethiopian birr relative to other currencies. This means the relative price of Ethiopian goods and services will be cheaper than the US goods and services. This could increase the competitiveness of Ethiopian exports and lead to an increase in net exports for the Ethiopian economy. However, this increase could be more limited than the decrease in net exports as a result of the appreciation of the US dollar.
It's important to note that these are general impacts and there can be a number of other factors that would come into play that would determine the ultimate impact on the Ethiopian economy, such as the effectiveness of the Ethiopian government's monetary policy, the inflation rate, and the external trade policies.
Melissa is an insurance agent who wants to sell a new insurance policy specially designed for business professionals. Which promotional strategy should she use to promote her product effectively?
A. telemarketing
B. personal selling
C. radio advertisement
D. sales promotion
Answer: The most effective promotional strategy for Melissa to use in this situation would likely be "B. personal selling."
Explanation: Personal selling involves building a relationship with potential customers and presenting the benefits of a product or service in a face-to-face setting. This is often the most effective way to sell complex or specialized products, such as insurance policies, because it allows Melissa to tailor her pitch to the specific needs and concerns of the business professionals she is targeting.
Telemarketing, radio advertisement, and sales promotion are all different types of promotional strategies that might be less effective in this situation. Telemarketing involves making sales pitches over the phone, which may not be as effective for a complex product like an insurance policy. Radio advertisement and sales promotion are more suitable for mass-market products or for creating awareness about a product, but may not be as effective for persuading business professionals to purchase a specialized insurance policy.
Answer:
i think it b
Explanation:
If $3,000 is invested at 7% for 6 months, how much simple interest is earned? a. $105.00, b. &150.50, c. $180.00, d. $210.00
The answer is d. $210 is wrong
Answer: A = $3,105.00 I = A - P = $105.00, hence the simple interest is $105.00.
Simple interest calculationGiven DataPrincipal = $3,000
Rate = 7%
Time = 6 months
Equation:
A = P(1 + rt)
Calculation:
First, converting R percent to r a decimal
r = R/100 = 7%/100 = 0.07 per year.
Putting time into years for simplicity,
6 months / 12 months/year = 0.5 years.
Solving our equation:
A = 3000(1 + (0.07 × 0.5)) = 3105
A = $3,105.00
The total amount accrued, principal plus interest, from simple interest on a principal of $3,000.00 at a rate of 7% per year for 0.5 years (6 months) is $3,105.00.
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what should you do in case you know well the subject discussed
Answer:
learn and listen every single word of class
2. Elastic goods are based on what consumers want, rather than something that they need to survive. Which of the following is an elastic good?
Osoda pop
water
O an apartment
medicine
Elastic goods or services are those for which demand fluctuates in response to price fluctuations. Consumers who are able and ready to easily shift their purchasing patterns in reaction to price fluctuations are said to be elastic consumers.
Examples of elastic goods:Examples of elastic products include:Soft drinks, like soda pop, are easy for consumers to adapt their consumption based on changes in price or availability because they are not essential for living. Apartments are not necessities for survival, and people can choose where to live depending on a variety of reasons, including price, location, and other considerations.Items like the ones listed below are not elastic goods:Water is a commodity that people will continue to buy even if the price goes up because it is necessary for survival. Because medicine is necessary for preserving health, people will continue to use it even if the cost rises.To know more about elastic goods, refer:
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If you have money in a savings account, you will do better if the bank pays you ___________., a. simple interest, b. compound interest, c. it doesn't matter whether the interest in simple or compound, it's only the interest rate that matters, d. the question cannot be answered because banks rarely pay compound interest on savings accounts
the answer c. it doesn't matter whether the interest in simple or compound, it's only the interest rate that matters. is the wrong answer
Answer:
compound interest
Explanation:
This is when you earn interest on both money you've saved and the interest you earn.
What was the opening price of Dow Jones Industrial Average on Aug 02, 2017 in the format of XXXXX.XX?
Companies often require non-disclosure agreements from their employees because a non-disclosure agreement
allows the employer to release private information about employees if necessary
identifies all the different ways an employee could violate company policies
maintains employee trust, which is needed for productivity and therefore profitability
provides for a documented exchange of information between employees and employers
Answer:
Allows the employer to release private information about employees if necessary
Explanation:
Companies often require non-disclosure agreements from their employees because a non-disclosure agreement (NDA) is a legally binding contract that establishes a confidential relationship between two or more parties. The purpose of a non-disclosure agreement is twofold: confidentiality and protection. An NDA creates the legal framework to protect ideas and information from being stolen or shared with competitors or third parties. Breaking an NDA agreement triggers a host of legal ramifications, including lawsuits, financial penalties, and even criminal charges. NDAs offer a level of protection to businesses so that even accidental breaches are covered.
Answer:
its a cuh i took the test
Explanation:
9.
Which must pass through the state probate court system?
O A. Testamentary trust
O B. Living trust
O C. Pour-over trust
Before a will is written, a testamentary trust must go through probate. The correct answer is option (a).
What do you mean by probate?Before a will is written, a testamentary trust must pass through probate. In the course of probating the will, the executor will also establish the trust. Legal expenses may be deducted from the trust funds if the trustee needs legal counsel on how to manage the trust.
The term "probate" refers to a copy of a will that has been witnessed by a court official and is accompanied by a grant of management of the testator's assets. Only the will's appointed executor is eligible for a probate. A probate is also required if the will covers real estate in more than one state.
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Anastasia is a principal who is responsible for telling one of her teachers that the school will be cutting her Spanish program in the fall. She has been friends with this teacher for years and knows that the teacher will be very upset. What is the most appropriate communication channel for Anastasia to choose to share this news with the teacher in this scenario?
Question 2 options:
She should send the teacher a formal, typed letter.
She should talk to the teacher face-to-face.
She should send the teacher a text message.
She should post the news on the school website.
Answer she should talk to her face to face
Explanation:
if she respects this woman that is the best way to keep it
Using complete sentences, explain how a business can improve productivity,
and why productivity is so important to businesses?
There are many ways that a business can improve productivity. Some common strategies include:
Streamlining processes and eliminating unnecessary steps.Investing in technology and automation to reduce the time and effort required for certain tasks.Providing training and development opportunities to employees to improve their skills and efficiency.Setting clear goals and expectations for employees, and providing feedback on their performance.Productivity is important to businesses because it directly affects the bottom line. When a business is able to produce more goods or services in the same amount of time, it can reduce costs and increase profits. Productivity is also important for staying competitive in the market, as businesses that are able to produce more efficiently are able to offer lower prices to customers. In addition, improving productivity can help businesses to grow and expand, by allowing them to take on more work and increase output.
Who collects income tax that is payable to the federal government?
Income tax that is payable to the federal government is collected by the
.
Answer:
Explanation:
Internal Revenue Service (IRS). The IRS is a federal agency within the U.S. Department of Treasury that is responsible for enforcing the federal tax laws and collecting taxes from individuals and businesses. The IRS also provides taxpayers with guidance on their tax obligations and assists them with filing their taxes.
It is responsible for ensuring compliance with the tax laws and enforcing penalties if individuals or organizations fail to pay the taxes they owe. Additionally, the IRS provides taxpayer services to assist individuals and businesses with understanding and meeting their tax obligations.
A project has the following cash flows: Year Cash Flows 0 -1,200 1 600 2 600 3 600 4 300 5 200 6 200 What is the Internal Rate of Return (IRR) of this project?
The internal rate of return of the project given its cash flows is 34.26%.
What is the internal rate of return?Internal rate of return is the discount rate that equates the after-tax cash flows from an investment to the amount invested
IRR can be calculated with a financial calculator
The internal rate of return can be determined using a financial calculator.
Cash flow in year 0 = -1200
Cash flow in year 1 - 3 = 600
Cash flow in year 4 = 300
Cash flow in year 5 - 6= 200
Internal rate of return = 34.26%
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The act of attempting to acquire information such as user names passwords and credit card details by acting as a trustworthy entity in an electric communication is called
Phishing is the practice of pretending to be a reliable entity in an electronic conversation in order to get sensitive data such as usernames, passwords, credit card information, and occasionally even money (indirectly).
What happens when someone pretends to be a reliable internet source in order to try and get information like usernames or passwords?Phishing is the fraudulent act of pretending to be a reliable entity in an electronic contact in order to get sensitive information like usernames, passwords, and credit card numbers.
Is it an attempt to get sensitive information such credit card numbers, usernames, and passwords?Phishing is the practice of pretending to be a reliable entity in an electronic communication in order to get sensitive data, such as usernames, passwords, and credit card numbers.
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explain the two types of tertiary production
In economics, the types of tertiary production is categorized into:
Personal servicesBusiness services.What does tertiary production entails in the field?Tertiary production refers to the service sector of an economy, and it can be divided into two types:
Personal services: This type of tertiary production includes services that are directed at individuals and families, such as healthcare, education, and personal care services.Business services: This type of tertiary production includes services that are directed at businesses and organizations, such as financial services, consulting, and legal services.As well, personal services tend to be more labor-intensive and face-to-face, while business services tend to be more technology-intensive and impersonal. Both types of tertiary production are important for the functioning of an economy and the well-being of its citizens.
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1. If the consumption function is C = 100 + 0.75Y, I = 300, Tax (T)= 400 and government spending (G) is 600, what will be the equilibrium level of output? Demonstrate your answer with a Keynesian cross diagram. What happens to aggregate output if government spending (G) and Tax (T) rises by 200?
Answer:
Explanation:
The consumption function C = 100 + 0.75Y represents the relationship between consumption and disposable income, where C is consumption and Y is disposable income. The equation tells us that for every dollar of disposable income, consumers will spend 75 cents on consumption.
The equilibrium level of output is determined by the intersection of the aggregate demand (AD) and aggregate supply (AS) curves. The AD curve can be derived by adding together the planned consumption, planned investment, planned government spending and planned net exports. In this case, we have:
AD = C + I + G + NX = C + 300 + 600
The aggregate demand equation becomes AD = 100 + 0.75Y + 300 + 600
The aggregate supply equation represents the relationship between the quantity of goods and services produced and the price level, assuming a fixed level of technology and input prices. For this problem, we are assuming that aggregate supply is perfectly inelastic, meaning it does not change with price level.
Given that G = 600 and T = 400, disposable income will be Y = T + Tr(Y-T) = 400 + 0.8(Y-400)
Therefore, we have the equations:
AD = 100 + 0.75Y + 300 + 600
Y = 400 + 0.8(Y-400)
We can now solve for Y by substituting the second equation into the first:
100 + 0.75(400 + 0.8(Y-400)) + 300 + 600 = Y
Solving for Y, we find that the equilibrium level of output is Y = 2200.
In a Keynesian cross diagram, this point would be represented by the intersection of the AD and AS curve.
If government spending (G) and Tax (T) rises by 200, the AD curve shifts to the right. This means that the aggregate demand for goods and services is increasing, which causes an increase in the equilibrium output. The new equilibrium output (Y) will be greater than 2200 and can be found by solving for the new AD function. With the new AD function, the new output Y can be found by using the same steps that you have done above.
It's worth noting that in the above scenario, We are assuming that the aggregate supply is perfectly inelastic, this means that the price level is constant, if the aggregate supply is elastic, then an increase in AD will also lead to an increase in price level, this is known as inflation, which will affect the value of Y.
Which of the following social media options is best for a company wishing to present more of a "story" of the business, one that is less factual but more emotional?
Microblogging
Photo sharing
Text or email
Video sharing
Video sharing, of the following social media options is best for a company wishing to present more of a "story" of the business, one that is less factual but more emotional. Thus, option (d) is correct.
What is business?The most of the business are the used this extemporaneous style of speaking is chance to the employer and employee to the participation of the answering the question about the current project and business policies.
According to the social media is a term used to describe online communication. Social media systems enable users to have discussions, exchange information, and create content for the internet. The business was the improved as the emotional story to the share as the best choice was the video sharing.
As a result, the video sharing is the best option. Therefore, option (d) is correct.
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Comprehensive Problem- Chapter 4 Bas Baladi for the marketing of cooperative agricultural products is a company based in Ramallah. It operates two separate major divisions: Organic Food division, and Beverage division. On December 31, 2021, Bas Baladi had $327,000 operating Income. Required: a) Based on the below information (A-G). Use the following format to prepare the statement of comprehensive income. (Assume the tax rate is 20%) Note: Some of the items provided will not affect the statement of comprehensive income. A During 2021, the entity discovered that there's an error in the calculation of pension expense for 2020. The error overstated income before tax by $17,000. B Flood in Ramallah's farmland caused the company a loss of $11,000. They received insurance coverage of $6,500. Assume floods are common in Ramallah. C Bas Baladi decided to dispose of the Beverage division at the beginning of 2021. The Beverage division recognized a loss from operations of $150,000 before tax for the year ended 31 December 2021. The division was sold for $1,000,000, while the carrying value of the division's assets was $900,000. D In 2020 Bas Baladi purchased 10,000 shares of Padico stock at $1.2 per share. The stocks were categorized as a trading security. During 2021, the company received cash dividends of $0.05 per share. E Until 2021, the company has used weighted average, and on January 1, 2021. It has decided to switch to FIFO. The cumulative effect of this change is $60,000 before tax. F. The company suffered a $10,000 loss before tax from foreign currency translation of its subsidiary's financial statements. G Minority interest in net income amounted to $22,480.
Answer:
Explanation:
Statement of Comprehensive Income
For the year ended December 31, 2021
Net income:
Operating income $327,000
Adjustment for error in pension expense (17,000)
Loss from flood (4,500)
Loss from disposal of Beverage division (150,000)
Gain from sale of Beverage division 100,000
Cumulative effect of change in accounting principle (60,000)
Loss from foreign currency translation (10,000)
Total comprehensive income $131,000
Tax Expense (20%* $131,000) $26,200
Net income after tax $104,800
Minority interest in net income $22,480
Net income attributable to owners $82,320
Note:
-A: Error in pension expense, overstated income before tax by $17,000
-B: Flood in Ramallah caused a loss of $11,000, Insurance coverage received $6,500
-C: Beverage division recognized a loss from operations of $150,000 before tax, The division was sold for $1,000,000, Carrying value of the division's assets was $900,000
-D: Purchased 10,000 shares of Padico stock at $1.2 per share, classified as trading security, received cash dividends of $0.05 per share
-E: Change in accounting principle from weighted average to FIFO, cumulative effect $60,000 before tax
-F: Loss from foreign currency translation of subsidiary's financial statements $10,000
-G: Minority interest in net income $22,480
It's worth noting that the above statement is showing the comprehensive income, which is an important way of presenting the financial results of a company, as it includes all the transactions and events, whether or not they are included in the company's net income, or whether or not they are reported in the company's statement of financial position.
What is one teneit of continuingyour education after graduating high
OA Agerson with a high school degree can enter the job market and
slant eamingimone immediately
OB A person with a college degree typically eans more than someone
with ahigh schaa degree cover time.
C. Aperson with a high school degree tpically eams more than
somesne with a college degree over time.
D. Aperson who goes on to exam a college degres will have to pay the
full cassts of going to college
Over time, a person with a college degree usually has higher value than someone with only a high school diploma. As a result, choice (B) is the best way to respond.
What is Graduation?When a student graduates, their educational institution presents them with a diploma. Additionally, it can be referring to the connected ceremony. Graduation day is the term used to refer to the day of the ceremony. Commencement, congregation, convocation, or invocation are other names for the graduation ceremony.
Graduation in absentia occurs when a student receives their diploma without actually being present at the ceremony.
Hence, option (B) is accurate.
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As loan analyst for Second Bank, you have been presented the following information.
Pink Co. Blue Co.
Assets
Cash 120,000 320,000
Receivables 220,000 302,000
Inventories 570,000 518,000
Total current assets 910,000 1,140,000
Other assets 500,000 612,000
Total Assets 1,410,000 1,752,000
Liabilities and Stockholder's Equity
Current liabilities 305,000 350,000
Long-term liabilities 400,000 500,000
Capital Stock and Retained Earnings 705,000 902,000
Total liabilities and Stockholder's equity 1,410,000 1,752,000
Annual Sales 930,000 1,500,000
Rate of Gross Profit on sales 30% 40%
Each of these companies has requested a loan of $50,000 for 6 months with no collateral offered. In as much as your bank has reached its quota for loans of this type, only one of these requests is to be granted.
Question:
Which of the two companies, as judged by the information given above, would you recommend as the better risk and why? Assume that the ending account balances are representative of the entire year.
I have the work done...I just need to check my work. I would appreciate any help as soon as possible.
Based on the computed liquidity ratios below, the loan should be advanced to Blue Co. It has better performing liquidity ratios than Pink Co.
What are liquidity ratios?
Liquidity ratios assess a company's ability to pay off its short-term liabilities. Liquidity ratios determine how quickly a company can convert assets and use them to pay off debts. The higher the ratio, the easier it is to clear debts and avoid payment defaults.
Current Ratio = Current assets/Current liabilities
Pink Co. Blue Co.
Current Ratio $910,000/$305,000 $1,140,000/$350,000
= 2.98 = 3.25
Quick Ratio = (Current assets - Inventory)/Current liabilities
Pink Co. Blue Co.
Quick Ratio 910,000-570,000/305,000 1,140,000-518,000/350,000
= 1.11 =1.77
Operating Cash Flow Ratio = Cash/Current liabilities
Pink Co. Blue Co.
Operating Cash Flow Ratio = $120,000/$305,00 $320,000/$350,000
= 0.39 = 0.91
Therefore, Blue company is at better risk due to high liquidity ratios.
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mention the different types of industries
Answer: There are basically three types of industries present in the different businesses I the nation for it's economic development. They are as follows :
1. Primary Industries
2. Secondary Industries
3. Tertiary Industries
Explanation: Now, let’s have a look at the three different types of industries in detail.
Primary Industries
Primary industry includes the economy that uses natural resources from the environment such as forestry, agriculture, fisheries and mining.Usually, this particular sector is considered the most crucial in developing countries and is relatively smaller in developed countries.
For developing countries, primary industry is typically the largest sector, such as livestock in Africa.Similarly, Wales as a whole is mainly dependent on mining and is the major source of the economy. It is the only sector where all of Wales can survive.
Secondary Industries
The secondary industry consists primarily of the construction and manufacturing industries. This industry generally uses products from the primary industry to create many other utilitarian products and also for their sales and exports.Many of these industries produce a great deal of waste that can lead to significant environmental problems and pollution.
Tertiary Industries
The tertiary industry mainly consists of the service sector. It typically involves multiple activities in which employees contribute their expertise and knowledge to improve productivity, potential, performance and sustainability.The most prominent feature of the tertiary sector is the production of multiple natural services including advice, mentoring, experience, access and discussion.Services also include the distribution, transportation and sale of goods through various channels from manufacturers to consumers.
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Working with people includes careers such as child care workers, social workers, and doctors.
O True
False
Answer:
I think false
Explanation:
because basta
take a look at the figure. The basic shape of the body of the lamp shown is a A. cylinder. B. pyramid. C. cone. D. sphere.
The basic shape of the body of the lamp shown is the cone. A cone is formed by a set of line segments, half-lines, or lines connecting a common point.
What is a cone?The cone in the shape of the figure is a three-dimensional geometric shape. That smoothly forms a flat base to a point called the apex or vertex. A cone is formed by a set of line segments, half-lines, or lines connecting a common point, the apex. the points on a base that is in a plane that does not contain the apex.
A cone refers that a shape consisting of a circular base and the once continuous curved base tapering to a point (the apex) above the center of the circular base.
Therefore, The lamp shown is the cone. A cone is formed by a set of line segments
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Which accounting regulations body investigates and refers fraud and insider trading cases to the SEC to prosecute?
Ο Α. Financial Industries Regulating Association
OB.
OC.
OD.
hts reserved.
American Institute of Certified Public Accountants
Government Accounting Standards Board
State Board for Accountancy
Reset
Next
Accounting regulations organization Financial Industries Regulating Association conducts investigations and refers fraud and insider trading cases to the SEC for prosecution.
What does SEC stand for?The U.S. Securities and Exchange Commission (SEC) is an independent statutory government organization tasked with safeguarding investors, preserving the fair and orderly operation of the securities markets, and promoting capital formation.
What is the SEC?The U.S. Securities and Exchange Commission (SEC) is an independent federal government regulatory body tasked with fostering capital formation, preserving the fair and orderly operation of the securities markets, and safeguarding investors. As the initial government regulator of the securities, it was established by Congress in 1934.
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John's company acquired 5,000 new customers last year. They spent $20,000 in marketing costs and $15,000 in sales costs. What is John's customer acqu
cost (CAC)?
John's customer acquisition cost (CAC) is $7.
What is customer acquisition cost?Customer Acquisition Cost (CAC) measures the amount a business spends to acquire a new customer. Customer acquisition cost (CAC) — a key business metric — is the total cost of sales and marketing activities, real estate, or equipment required to persuade customers to purchase your product or service.Customer acquisition cost is the cost of acquiring a customer to purchase a product or service. As an important economic unit, customer acquisition costs are often related to customer lifetime value. Customer acquisition cost allows any company to estimate how much money it spends on acquiring each customer. Essentially, Customer acquisition cost is calculated by simply dividing all the costs spent to acquire more customers (marketing costs) by the number of customers acquired during the period in which the costs were spent. We can calculate For example, if a company spends his $100 on marketing in one year and in the same year he gets 100 customers, his Customer acquisition cost will be $1.00.To learn more about customer acquisition cost from the given link :
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Answer: $7
Explanation:
I just answered the question
A 10-K financial report includes which
of the following financial statements?
A. Record Sheet
B. Balance Sheet
C. Employee Sheet
10-K financial report includes which of the following financial statements: Balance Sheet, Income Statement (also known as Profit and Loss or P&L statement), Cash Flow Statement, Footnotes to the financial statements.
What does a 10-K financial report include?The balance sheet, sometimes referred to as the statement of financial position, gives an overview of the assets, liabilities, and equity of a corporation at a certain point in time.
The income statement, commonly referred to as the profit and loss statement, details the revenues and expenses incurred by a business during a specific time period and displays the business's net income or loss.
The cash flow statement gives details on a company's cash inflows and outflows and gives a general picture of how a company generates and uses cash over a given time period.
The part called Footnotes to the Financial Statements contains extra information on the Financial Statements that the reader might find useful.
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A promissory note can best be described as __________., a. an interest-bearing IOU, b. a guarantee of a line of credit, c. a commitment to lend money to someone, d. a government-backed bond
Those are your only choices
Answer:
A. An interest-bearing IOU
Explanation:
Thomas’ family also runs a gourmet food store that sells two main products: Premium Caviar and Goose Foie Gras. They import the Premium Caviar from Russia, and purchase Goose Foie Gras from Upstate New York. The two products are sold in boxes. Thomas gathers the following information:
When Thomas took accounting courses at college, he knows how to do cost-volume-profit analysis pretty well. However, he just remembers how to do the analysis for those companies with only one product. Therefore, he needs your help to calculate the following:
a. What is the business’ weighted-average contribution margin per unit? (show your computation)
b. Calculate the business’ break-even point in units assuming the current sales mix. (show your computation)
c. What will be the number of Premium Caviar and Goose Foie Gras boxes at the break-even level of sales? (show your computation)
d. What is the business’ weighted average contribution margin ratio? (show your computation)
I have it completed... just need to check my work. I would appreciate a response as soon as possible.
a.
Premium Caviar:
Selling price per unit: $50
Variable cost per unit: $25
Contribution margin per unit: $50 - $25 = $25
Goose Foie Gras:
Selling price per unit: $30
Variable cost per unit: $15
Contribution margin per unit: $30 - $15 = $15
How to determine the weighted-average contribution?To determine the weighted-average contribution margin per unit, we need to know the sales mix (the proportion of total sales for each product). Let's assume that the sales mix for Premium Caviar and Goose Foie Gras is 50:50, so half of total sales are for Premium Caviar and the other half for Goose Foie Gras.
The weighted-average contribution margin per unit is calculated by multiplying the contribution margin per unit for each product by the proportion of sales for that product, and then summing those values.
Weighted-average contribution margin per unit = (Contribution margin per unit for Premium Caviar x Proportion of sales for Premium Caviar) + (Contribution margin per unit for Goose Foie Gras x Proportion of sales for Goose Foie Gras)
= ($25 x 0.50) + ($15 x 0.50) = $20
To calculate the break-even point in units, we need to know the total fixed costs of the business. Let's assume that the total fixed costs are $100,000.
The break-even point in units is calculated using the following formula:
Break-even point in units = Total fixed costs / Contribution margin per unit
= $100,000 / $20 = 5000 units
c. To calculate the number of Premium Caviar and Goose Foie Gras boxes at the break-even level of sales, we need to know the sales mix. We can use the sales mix we assumed earlier (50:50) and multiply it by the break-even point in units:
Premium Caviar boxes = (Break-even point in units x Proportion of sales for Premium Caviar) = (5000 x 0.50) = 2500 boxes
Goose Foie Gras boxes = (Break-even point in units x Proportion of sales for Goose Foie Gras) = (5000 x 0.50) = 2500 boxes
To calculate the weighted average contribution margin ratio, we need to divide the weighted-average contribution margin per unit by the weighted-average selling price per unit.
Weighted-average selling price per unit = (Selling price per unit for Premium Caviar x Proportion of sales for Premium Caviar) + (Selling price per unit for Goose Foie Gras x Proportion of sales for Goose Foie Gras)
= ($50 x 0.50) + ($30 x 0.50) = $40
Weighted-average contribution margin ratio = Weighted-average contribution margin per unit / Weighted-average selling price per unit
= $20 / $40 = 0.50 or 50%.
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