Pizza company should record the revenue under accrual accounting from the month of October.
What is accrual accounting?A corporation can use accrual accounting, a financial accounting technique, to record revenue before receiving payment for products or services sold and expense data as it is incurred.
In other words, regardless of when money changes hands, the income made and costs incurred are recorded in the company's journal. Cash basis of accounting, which records revenue when the products and services are actually purchased, is sometimes contrasted with accrual accounting.
According to the accrual accounting technique, income or costs are recorded when a transaction takes place rather than when a payment is paid or received.
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Ken purchased a PAP with liability limits of 100/300/50, medical payments coverage, and collision coverage. Ken fell asleep while driving late at night. He crossed the center line and hit a car approaching from the other direction. The following losses occurred: The driver of the other car suffered $30,000 in bodily injuries. Ken's car sustained $5,000 in damages. Ken incurred $5,000 in medical expenses. The car that Ken hit was a total loss. Which of Ken's Personal Auto Policy (PAP) coverages will cover the damage to the car that Ken hit
Answer: property damage liability
Explanation:
Personal Auto Policy (PAP) is a typical insurance policy which helps in the insuring of ones vehicles.
Ken's Personal Auto Policy coverage that will cover the damage to the car that Ken hit will be the property damage liability. A property damage liability insurance helps in the coverage of the cost of damage which is caused to other people.
Since Ken has damaged someone's car, his property damage liability will cover it.
Month First Year Second Year Third Year January 242 263 282 February 235 238 255 March 232 247 265 April 178 193 205 May 184 193 210 June 140 149 160 July 145 157 166 August 152 161 174 September 110 122 126 October 130 130 148 November 152 167 173 December 206 230 235 Month First Year Second Year Third Year January 242 263 282 February 235 238 255 March 232 247 265 April 178 193 205 May 184 193 210 June 140 149 160 July 145 157 166 August 152 161 174 September 110 122 126 October 130 130 148 November 152 167 173 December 206 230 235 The Vintage Restaurant, on Captiva Island near Fort Myers, Florida, is owned and operated by Karen Payne. The restaurant just completed its third year of operation. During those three years, Karen sought to establish a reputation for the restaurant as a high-quality dining establishment that specializes in fresh seafood. Through the efforts of Karen and her staff, her restaurant has become one of the best and fastest-growing restaurants on the Island. To better plan for future growth of the restaurant, Karen needs to develop a system that will enable her to forecast food and beverage sales by month for up to one year in advance. The following table shows the value of food and beverage sales ($1,000s) for the first three years of operation: Your Tasks: Perform an analysis of the sales data for the Vintage Restaurant. Prepare a report for Karen that summarizes your findings, forecasts, and recommendations. Include the following: a. A time series plot. Comment on the underlying pattern in the time series. Using the dummy variable approach, forecast sales for January through December of the fourth year. How would you explain this model to Karen? Assume that January sales for the fourth year turn out to be $295,000. What was your forecast error? If this error is large, Karen may be puzzled about the difference between your forecast and the actual sales value. What can you do to resolve her uncertainty about the forecasting procedure
The sales are generally highest in the winter months and lowest in the summer months, with peak in January of the third year at $282,000.
What are sales?Sales refer to exchange of goods or services for money or other valuable consideration. It is the process of convincing potential customers to purchase a product or service by communicating its value, benefits, and features. The sales process typically involves prospecting, qualifying leads, making a sales pitch, handling objections, closing the sale, and following up with the customer. Sales can occur through various channels, including in-person, over the phone, online, or through direct mail. Successful sales depend on the ability to understand and meet customer needs, build relationships, communicate effectively, and provide exceptional customer service. Sales are essential to the success of any business as they generate revenue and help to grow and expand the business.
Highest sales= $295,000- $13,000= $282,000
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the approach specifically examines the ways in which social and cultural environments influence behavior. True or False
The sociocultural approach investigates how social and cultural contexts affect behavior. Other people and the society they have established have a significant impact on how people act, think, and feel.
What method looks at how a person's environment may influence their behavior?The broad study of human behavior that takes into account a person's upbringing and taught associations is known as behavioral theory. According to behaviorism, every behavior is learned through conditioning and can therefore be observed without taking into account ideas or feelings.
What do you mean by humanistic approach?The humanistic perspective places a strong emphasis on the value of the individual, the significance of human values, and the creative and active character of people. The strategy is positive and emphasizes
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Give an overview of the Key Performance Indicators (KPI) that your organisation uses in evaluating the performance of its suppliers
These Key Performance Indicators (KPIs) may vary based on the industry, organizational goals, and specific supplier relationships. Some commonly used KPIs in supplier performance evaluation are on-time delivery, quality performance, and financial stability.
On-time Delivery: This KPI measures the supplier's ability to deliver goods or services according to the agreed-upon schedule.
Quality Performance: This KPI evaluates the quality of the products or services provided by the supplier.
Financial Stability: This KPI assesses the financial health and stability of the supplier.
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f this farmer is producing the profit maximizing level of output, her profit is
If a farmer is producing the profit-maximizing level of output, her profit is maximized or at its highest level. The profit-maximizing level of output occurs when the marginal cost (MC) of producing an additional unit of output is equal to the marginal revenue (MR) generated from selling that unit. At this level, the farmer is optimizing the allocation of resources to maximize profits.
To calculate profit, we need to consider the total revenue (TR) and total cost (TC). Profit (π) is calculated as follows:
Profit (π) = Total Revenue (TR) - Total Cost (TC)
When the farmer produces the profit-maximizing level of output, the revenue earned from selling that output will be the highest, while the costs associated with production will be minimized. As a result, the profit will be maximized or at its highest level.
It's important to note that profit can vary based on factors such as market conditions, input costs, and demand for the farm's products. The profit-maximizing level of output is determined by considering these factors and finding the level that maximizes the farmer's overall profitability.
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nutrients for poultry products
Answer:
Poultry is generally considered to be a healthy meat, and has several nutrients. These nutrients and their amounts vary depending on the meat cut of the poultry, for example, chicken breasts have a lot more protein and less fat than chicken wings.
Overall, poultry is characterized by significant amounts of protein, of minerals like zinc, iron and copper, and of vitamins like vitamin B6 and thiamin.
1. Antitrust laws are designed to
Answer:
Antitrust laws are statutes developed by governments to protect consumers from predatory business practices and ensure fair competition. Antitrust laws are applied to a wide range of questionable business activities, including market allocation, bid rigging, price fixing, and monopolies
Explanation:
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What is a building?? How are they made???
Answer:
j.....what kind of question is this 0-0
Explanation:
a building is a building and its made by extras making it 0-0
A product’s value depends both on its utility and its scarcity.
True or false
Answer:
true
Explanation:
Question 2(Multiple Choice Worth 5 points)
(02.06 MC)
In general, what kind of people earn the most money?
O People with skills that are in high demand and high in supply
O People with skills that are in high demand but low in supply
O People with skills that are in low demand and low in supply
People with skills that are in low demand but high in supply
Maggie is a high school senior who just received her college financial aid
award packet in the mail. While her mom watches, Maggie excitedly opens the
envelope. She sees that she has received grants, scholarships and student loans.
The thought of taking on debt makes Maggie a little nervous. Her mom tells
her that student loans are normal and that she will have more time to focus on
studying rather than having to work a part-time job in college. Is her mom’s
advice the same as the advice you’d give her? Explain what your advice would be.
Answer:
I would definitely give the same advice. The income potential for a college graduate far exceeds those of a high school graduate. I would be determined to graduate from college, good get a great job and get the loans paid off.
Explanation:
With a great education and a great job it shouldn't take long to get the loans paid off
5) Review the following citation. What type of media does it represent?
Patchin, J. W. & Hinduja, S. "School-based Efforts to Prevent Cyber-bullying." The Prevention
Researcher19.3 (2012): 7-9. Print.
Answer:
im bored
Explanation:
im bored
The primary policy tool used by the fed to meet its monetary policy goals is.
The primary tool used by the Fed to achieve monetary policy goals is Open Market Operations.
What are Open Market Operations (OMO)?This refers to the trading of securities by the fed. Securities traded include bills, notes, and bonds.When the fed wants to increase the money supply, they will buy these securities from the public. If it is a decrease they they seek, they will sell securities to the public.
In conclusion, this is Open Market Operations.
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ECONOMICS EVERFI QUESTION When comparison shopping, all of these hint at a good deal EXCEPT_____________________. lower-priced models offer more features. there is a coupon available for additional percentage off the price. the sale price is the cheapest available. there are more positive customer reviews than negative reviews.
Answer:
the sale price is the cheapest available.
Explanation:
Comparison shopping is the practice or nature of shopping where one compares the price of an item different sources which the individual wishes to purchase. This is done in advance before the actual purchase or shopping. It is done to achieve the best deal in price.
Comparison shopping is ideal or beneficial when buying items which can be easily researched through some advertisements. When doing comparison shopping it is not a good deal to always go for the lowest price available.
Thus, it is not considered a good deal when you go for the sale price that is the cheapest available.
The sentence which best complete the phrase is lower-priced models offer more features (option A)
When we want to buy an object it is advisable to find out its value in different places to find the cheapest one. It is also advisable to look for discount coupons or promotions to save us a little money.
Another activity that we can carry out is to consult on the internet the review of other buyers about the product to make sure that its operation is optimal.
Generally, the cheapest models are the ones that offer the fewest features. For example, if I want to buy a bicycle, its price can vary based on different characteristics such as the material of the frame (lighter is worth more) or the number of speeds (more speeds are worth more).
According to the above, the correct answer is option A. because it mentions an aspect related to low-value objects.
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Simplify. Express your answer as a single fraction in simplest form.
s^4t/3 - st/2
The simplified expression is:
(2s^4t - 3st)/6
To simplify the expression (s^4t/3) - (st/2), we need to find a common denominator and combine the terms:
The common denominator of 3 and 2 is 6.
For the first term, we multiply both the numerator and denominator by 2 to get:
(s^4t/3) * (2/2) = (2s^4t/6)
For the second term, we multiply both the numerator and denominator by 3 to get:
(st/2) * (3/3) = (3st/6)
Now, we can combine the terms:
(2s^4t/6) - (3st/6)
Since the denominators are the same, we can subtract the numerators:
(2s^4t - 3st)/6
Therefore, the simplified expression is:
(2s^4t - 3st)/6
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How does a pay raise mostly likely affect an employee's earnings record?
OA. Their insurance contribution is changed.
B. Their pay schedule changes.
OC. More withholdings for taxes are taken.
OD. Their pay category changes.
When a pay raise is most likely to have an impact on an employee's earnings history, additional tax withholdings are taken. Option C is correct .
Is it better to have more withholding allowances?In most cases, the less tax that is withheld from each paycheck the more allowances you claim. The larger the withholding, which may result in a refund, the fewer allowances claimed. Send your employer a brand-new Employee's Withholding Allowance Certificate, Form W-4, that you have completed. Submit a brand-new Form W-4P, Withholding Certificate for Payments of Pensions or Annuities, to your payer. Before the end of the year, make an estimated or additional tax payment to the IRS. On this form, you can claim between 0 and 3 allowances. In most cases, the less allowances you claim, the less taxes will be deducted from your pay. The greater the amount of a refund you may be eligible for, the fewer allowances you claim.
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This is a receipt for a purchase made at a restaurant in
Sacramento, California.
The total cost of the food and drinks before taxes was
The buyer paid vin sales tax.
Based on the receipt, Sacramento has a sales tax rate
of
Answer:
10.00 , .85 , 8.5
Explanation:
Answer:
This is a receipt for a purchase made at a restaurant in Sacramento, California.
The total cost of the food and drinks before taxes was
✔ $10.00
.
The buyer paid
✔ $0.85
in sales tax.
Based on the receipt, Sacramento has a sales tax rate of
✔ 8.5%
.
Shock Electronics sells portable heaters for $35 per unit, and the variable cost to produce them is $22. Mr. Amps estimates that the fixed costs are $97,500.
a. Compute the break-even point in units.
Break-even point in units is 7,500 unit
Given that;
Cost of each heater = $35
Variable cost of each heater = $22
Fixed cost = $97,500
Find:
Break-even point in units
Computation:
Contribution = Sales - VC
Contribution = $35 - $22
Contribution = $13
Break-even point in units = Fixed cost / Contribution
Break-even point in units = 97,500 / 7
Break-even point in units = 7,500 unit
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Describe how the U.S. private enterprise economy works
Answer: Go ahead and copy and paste
Explanation: As an economic system, private enterprise is characterized by competition, open markets, private ownership, and private initiative. Producers take production initiative on the basis of price and profit-and-loss signals essentially given by consumers.
Answer:
As an economic system, private enterprise is characterized by competition, open markets, private ownership, and private initiative. Producers take production initiative on the basis of price and profit-and-loss signals essentially given by consumers. ... Private enterprise is open to all comers.
______ Is a market in which a large number of suppliers compete with each other to satisfy the needs and wants of a large numbers of consumers at a competitive price.???
Answer : Monopolistic competition
Answer:
Monopolistic Competition
Explanation:
In a monopolistic competitive market, there are large numbers of sellers who do not sell identical products instead they sell differential products. They compete with each other at a competitive price. The products could be differentiated in many ways including quality, style, location and even brand name. Since they compete at a competitive price, if there is a substantial rise in the price of any of the products, the buyers could quickly shift from one product to another. The most crucial factor behind product differentiation is because of geographical factors. Under a monopolistic competitive market, the sellers do not have any influence over customer loyalty and limited control over the price.
everything else held constant, a weaker dollar will likely hurt
A) textile exporters in South Carolina. B) wheat farmers in Montana that sell domestically. C) automobile manufacturers in Michigan that use domestically produced inputs. D) furniture importers in California
A weaker dollar will likely hurt automobile manufacturers in Michigan that use domestically produced inputs.
When the value of the dollar weakens, imports become more expensive while exports become cheaper. Therefore, a weaker dollar is good news for American exporters, such as textile exporters in South Carolina. On the other hand, American importers, such as furniture importers in California, will suffer from the weaker dollar because they will have to pay more for imported goods. For wheat farmers in Montana that sell domestically, the weaker dollar will have little effect since they don't rely on exports or imported inputs. However, automobile manufacturers in Michigan that use domestically produced inputs will be negatively impacted by a weaker dollar. This is because their costs will rise as the inputs they use become more expensive due to the weaker dollar. Ultimately, a weaker dollar will have different impacts on different sectors of the economy depending on their level of involvement in international trade.
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Describe the last time you made a purchase based on possession utility. What factors influenced your purchase?
Answer: price, reviews of the product, and the overall quality of the item.
Explanation:
Answer:
price, reviews, and quality
Explanation:
which budgeting approach requires justification for all expenditures
Answer:
i would love to help you but i dont know the answer
If a business has no answer to fight back against its competition, then the _____ risk has been encountered.
1. financial
2. strategic
3. compliance
4. operational
explain the process involve in forming a company.
include these points:
1. Often require more time and legal works.
2. Need to complete all required documents such as ARTICLE OF ASSOCIATION and MEMORANDUM OF ASSOCIATION.
3. Once all document is ready, the register of the company issues the Certification of incorporation.
4. Certification of incorporation certifies the legal status of the company and allows to start trading.
Forming a company involves a number of steps and can often require more time and legal work than other types of business structures. Here are the steps typically involved in forming a company:
How to fporm companyChoose a Business Name: The first step is to choose a business name that is not already in use by another company. It's important to conduct a search to ensure the name is not already taken.
Decide on Company Structure: The next step is to decide on the legal structure of the company, such as a corporation, LLC, or partnership.
Prepare the Required Documents: Once the structure has been chosen, the required documents such as ARTICLE OF ASSOCIATION and MEMORANDUM OF ASSOCIATION must be completed. These documents outline the purpose of the company, its ownership structure, and other important details.
File Documents with the Register of Companies: The completed documents must then be filed with the register of the company in the jurisdiction where the company is to be incorporated. This requires paying a fee and providing additional information about the company, such as the names and addresses of directors and shareholders.
Certification of Incorporation: Once all the required documents have been submitted and approved, the register of the company issues a Certification of Incorporation. This certificate certifies the legal status of the company and allows it to start trading.
Obtain Business Licenses and Permits: Depending on the type of business and the jurisdiction, the company may also need to obtain additional licenses and permits before it can begin operating legally.
Overall, forming a company involves a significant amount of legal work and documentation, but it provides the benefit of limited liability and can make it easier to raise capital and attract investors.
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Executive orders 12674 and 12731 form the foundation policy on the ethical conduct of Federal Employees
Answer: a. Making authorized commitments
Explanation:
Executive Orders 12674 and 12731 (which amended 12674) of 1989 and 1990 respectively, were signed by President Bush with the purpose of setting forth the principles of ethical conduct that were required of Federal Government Officers and Employees.
These principles were meant to ensure that government officials and employees abstained from Abuse of power whilst working in such a way as not to bring disrepute to the Federal Government.
All of the above are violations of the Order except option A which is stated in Part I Section 101 (f) of Executive Order 12674. It reads that, "Employees shall make no unauthorized statements..." thus insinuating that employees are allowed to make Authorized statements.
The options given are violations of these Executive Orders except A. Making authorized commitments.
It should be noted that executive orders 12674 and 12731 form the foundation policy on the ethical conduct of Federal Employees. They're simply used to guide the way that Federal workers behave.
The violations of the Acts include using public office for private gain, giving preferential treatment to any person or organization, and defrauding the government.
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Selling shares of stock to anyone allows a _________ to raise more money to grow.
Selling shares of stock to anyone allows companies to raise more money to grow. Investors that trade funds for these units to reflect equity ownership in companies or financial asset are owners of shares. Owners of corporation have option of issuing preferred shares or common stock to investors.
In exchange for funds required to expand and run business, companies issue equity shares to investors. From LLCs to large international companies, almost all the businesses issue shares of some type. A company's shares are referred to as being publicly traded once they are listed on a stock exchange following an IPO.
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find the consumers' surplus for a product if the demand function is given by d(x)=850x 2d(x)=850x 2 and xe=26xe=26 units. round your answer to the nearest cent.
The answer to the given question about consumer surplus is 35 cents after rounding off to the nearest cent.
formula to find consumer surplus is D(x) = 850 / xe + 2. where the value of xe is given 26 units. An economic measure of consumer gains as a result of market competitiveness is called consumer surplus. Consumer surplus occurs when customers pay less for a commodity or service than they would be willing to. It's a gauge of the extra gain that consumers experience as a result of paying less than they would have otherwise. The surplus of consumers and producers can be contrasted. The basis of consumer surplus in economics is marginal utility, or the additional pleasure a customer experiences from acquiring one more unit of a good or service. Consumer surplus always increases during periods of declining prices and decreases during periods of rising prices.
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the price of an item is usually high when the number of people wanting to buy it is
Answer:
High
Explanation:
When the number of customer willing to buy increases, the demand for that product also rise. According to the law of supply and demand, an increase in demand without a subsequent increase in supply results in an increase in the buying price.
An increase in the number of buyers increases competition for the few available goods. Sellers will take advantage of high demand and increase prices to make more profits. Therefore, when there more people willing to buy a product, its price tends to increase.
What can you do when you reach a deadlock in a negotiation?
a.
become more aggressive
b.
become submissive and give in
c.
do nothing wait for the other party to give in
d.
turn around and walk away
Answer:
D. Turn around and walk away
Explanation:
As stated in the lesson " If you think you have reached a deadlock in the deal, do not hesitate to walk away. There are chances that you may strike a fair deal, especially if the other party is in real need of it." Let me know if this is incorrect.