These food trends, including New Glocal, Vegan Alternative Recipes, Regenerative Food, and others, will influence the restaurant business in 2023. Vegan food items are significantly more expensive than veggies and other meat-based foods. Therefore, vegetarianism will slowly disappear.
What is a food trend?
Food trends are pervasive modifications in dietary patterns. Some of these tendencies show signs of enduring. Food trends are frequently discussed online and in periodicals that focus on cooking.
Pop culture, health fads, and other variables all have an impact on food trends. In fine dining, chefs frequently start new culinary fads that other restaurateurs imitate and adopt for their own menus.
The following are the top 5 food trends for 2022: food fusion, plant dominance, sustainable packaging, and limited yet inventive menus.
Thus, the food trend which will fade away in 2023 is Vegan food.
Learn more about food trend from here:
https://brainly.com/question/14336935
#SPJ2
Life Insurance __________.
A. is designed to help those who are financially dependent on you in the event of your death.
B. is a waste of money
C. is meant to be collected while you are living.
D. is not necessary to have
Given the information below, calculate the net cash provided from operating activities for Baskin Peter Pty. Ltd.
Receipts from customers $279,247
Payments for property, plant & equipment $42,310
Interest paid $4,231
Proceeds from issue shares $25,836
Payments to supplier and employees $220,013
Repayment of borrowings $53,331
GST paid $16,924
Payments for motor vehicle $37,985
Interest received $6,770
Select one:
$61,773
$44,849
$55,345
$49,080
how the stock market works
simplify ur answer?
Answer: Stock market works by doing an activity of buy/sell. It is a profit process. For example, you bought something cheap and sell it expensive that is profit.
Explanation:
You are risk managers of your own life (student life). Identify your loss exposures (>10), assess them and make a map
If a fixed asset, such as a computer, were purchased on January 1 for $3,750 with an estimated life of three years and a salvage or residual value of $150, the journal entry for monthly expense under straight-line depreciation is Group of answer choices
Who is more likely to object to a proposed 1 percentage point increase in the city sales tax—the owner of a local liquor store or the owner of a local video rental store? Why?
Answer:
The owner of a local liquor store.
Explanation:
Rentals are not taxed in some places.
Small Business Management (1)
There are at least eight different pricing strategies for established goods and services. Explain The Below FOUR (4) of those strategies and under what conditions a business owner should use them.
1. Odd pricing
2. Price lining
3. Freemium pricing
4. Leader pricing
The given four pricing strategies are explained below:
1. Odd Pricing
Odd pricing is a method of pricing products when the price is an odd number. Example: Traditionally, certain shoe companies use strange pricing to determine the cost of their shoes and chappals, such as 399.95 $. The decision to set the price at an odd number makes perfect sense. Instead of 400$, 399.95 $ sounds better. It gives the appearance that the price is lower.
2. Price lining
In this instance, the price is set once, and it stays that way for a considerable amount of time.
3. Freemium pricing
Businesses can use freemium pricing as a pricing strategy to provide clients with both free and paid services. The paid alternatives are typically improved, or premium, versions of the service, whereas the free options are only the basic ones.
4. Leader pricing
A technique for pricing things below their profit margin is called leader pricing. Businesses who use this tactic don't earn from the sales of these discounted goods, but it might offer them a lot of advantages. Businesses may attract customers, promote purchases, raise overall sales, and strengthen customer loyalty by providing fantastic discounts to their customers.
To know more about Pricing strategies
https://brainly.com/question/30784043
https://brainly.com/question/28797815
I need help on creating my resume. I’m a high schooler currently in the 11th grade. I haven’t won any awards here at my high school, but I have won awards in the past like in middle school and elementary school. Can I include some of them on to my resume? Please help!!
Awards that I have won are mvp (middle school) leadership (elementary)
To create an effective resume, you must explain your educational and professional experiences. If you are still a student looking for your first professional opportunity, a good way to attract the attention of recruiters is to include your awards won in the educational environment on your resume.
How to create a good resume?Some tips can be important for you to create an attractive resume. It's always good to align your experiences with the area you want to compete in, that is, include courses, extra curricular experiences and awards that have to do with the field of work that interests you. Other important tips are:
Keep your CV objective and conciseReview your personal dataHighlight your personal achievementsBe honest about the information providedInclude your volunteer workTherefore, for a student to create an effective curriculum, the inclusion of awards and achievements from student life will attract the attention of the recruiter by showing interest, dedication and perspectives of the candidate, being a great opportunity to win a job.
Find out more about resume here:
https://brainly.com/question/14218463
#SPJ1
in preparation of standard cost we consider what situation macroeconomics or microeconomics???
When preparing standard costs, we primarily consider microeconomics, which is the study of the behavior of individual consumers, firms, and industries. Standard cost is the estimated cost of producing a unit of product or service, based on historical data and budgeted costs.
It is used as a benchmark to compare actual costs with expected costs and to analyze the variances between them. In order to determine standard costs, we need to consider the cost of each individual input such as direct materials, direct labor, and overheads. This analysis is done at the microeconomic level because it involves the behavior and decision-making of individual firms and their interactions with suppliers, customers, and competitors.
The macroeconomic factors such as inflation, interest rates, and unemployment rates may also have an impact on the cost of production but these are generally outside the scope of standard cost analysis. Therefore, while macroeconomics can indirectly influence the cost of production, the focus of standard cost analysis remains on the microeconomic factors that affect the cost of individual inputs.
Overall, standard cost preparation involves a detailed microeconomic analysis to determine the estimated cost of producing a product or service, which is then compared with the actual costs to identify any variances and improve the cost efficiency of the firm.
For more such questions on standard costs
https://brainly.com/question/17177941
#SPJ11
how do i make spaghetti?
On July 1, the cash account balance was $36,310. During July, cash payments totaled $147,780 and the July 31 balance was $36,480.
For the month of July, there were $147,950 in cash receipts.
What are some instances of a cash account?In a cash account, the investor must pay the entire price for any securities they choose to acquire. It is against the law for an investor using a cash account to borrow funds from their broker-dealer in order to cover account transactions. (trading on margin).
What does a cash account with a negative balance of 1000 mean?Both assets and expenses have natural debit balances. This illustrates the debiting of positive asset and cost values and the crediting of negative balances. After receiving $1,000 in cash, for instance, a journal entry can include a debit of $1,000 to the cash account in the accounting program.
To know more about cash receipts visit:-
https://brainly.com/question/31144903
#SPJ1
International Gems sells fine jewelry and has implemented activity-based costing. Costs in the shipping department have been divided into three cost pools. The first cost pool contains costs that are related to packaging and shipping. International has determined that the number of boxes shipped is an appropriate cost driver for these costs. The second cost pool is made up of costs related to the final inspection of each item before it is shipped and the cost driver for this pool is the number of individual items that are inspected. The final cost pool is used for general operations of the department and the cost driver is the number of orders. Information about the activities is summarized below:
Cost Pool Estimated Total Costs Cost Driver Estimated Annual Activity
Packaging and shipping 67,200 Number of boxes shipped 16,000 boxes
Final inspection 200,000 Number of individual items inspected 100,000 items
General operations 85,000 Number of orders 10,000 orders
During the period, the Southern sales office generated 240 orders for a total of 3,560 items, which were shipped in 1,200 boxes. What amount of shipping department costs should be allocated to these sales?
Answer:67,200
Explanation:
The shipping department cost will be $14200.
What is the cost?The term cost can be termed as the price of buying something or the amount that a company spends on making a product. It is the amount that is charged on something for the product. The incurred cost can have many variables and non-variable costs like purchasing cost, labor, wages, rent, maintenance, raw material, processing cost, packaging, and transportation.
In this Question, the International gems sell their product slots. The shipping department has been divided into three cost pools. The total shipping charges will be the addition of packaging and shipping, Final Inspection, and General operations.
So, the total shipping cost =5040 + 7120 + 2040 = 14200
Thus, the costs that should be allocated to the sales with respect to the shipping charges will be $14,200.
Learn more about cost, here:
https://brainly.com/question/15135554
#SPJ2
1. Which one of the following is not considered part
of the exterior finish of a house?
A. An entry door.
B. Ceiling of a porch or breezeway,
C. Cornice.
D. Exterior wall coverings
The part of a house that is not considered as the exterior finish of a house is the Ceiling of a porch or breezeway.
What is the exterior finish of a house?The exterior finish of a house refers to an outer layer or structure that can be seen physically from the outside and add to the image of the entire house.
A cornice is a horizontal architectural design of a building that is positioned away from the main walls used in directing rainwater from the building walls.
Thus, the exterior finish of the house is:
An entry doorCorniceExterior wall coveringsFrom the given options;
The ceiling of a porch or breezeway is usually inside the house.Therefore, the part of a house that is not considered as the exterior finish of a house is the Ceiling of a porch or breezeway.
Learn more about a house here:
https://brainly.com/question/1739912
Select the correct answer. How does insurance protect a policyholder against financial loss? A. by allowing the policyholder to make premium payments B. by allowing the policyholder to make a claim for reimbursement C. by allowing the policyholder to avoid maintenance costs for the insured items D. by allowing the policyholder to pay for all the losses
Answer:
by allowing the policyholder to make premium payments
Explanation:
Answer:
B. by allowing the policyholder to make a claim for reimbursement
Explanation:
Took the test on plato 100% right
When a firm uses retained profits to invest in more energy efficient equipment, an economist would calculate the _________________ of investing in physical capital.
Answer:
opportunity cost
Explanation:
When a firm uses retained profits to invest in more energy efficient equipment, an economist would calculate the opportunity cost of investing in physical capital.
What actions where required by GMC company to do business in in other countries?
GMC Company was obliged to take certain steps in order to conduct business in other nations. It is typical for businesses to take a number of steps in order to grow their business.
As well as carrying out market research to discover possible possibilities and difficulties, forming alliances with nearby companies, abiding by local rules and regulations, acquiring required permits and licenses, and customizing their goods and services to suit regional preferences.
Businesses may also need to take into account logistical difficulties like shipping and transportation as well as linguistic and cultural variations. It is crucial for companies to have a thorough strategy for conducting business abroad as well as a firm understanding of the local market.
As a result, the significance of the actions were required by GMC company to do business in other countries are the aforementioned.
Learn more about on businesses, here:
https://brainly.com/question/31668853
#SPJ1
Question 1: Problem solving (14 Marks)
A handicraft products trader is selling leather cases for $40 the unit. To run his business, he needs to pay $10000 for rent, $5000 salaries, and another $5000 for marketing campaigns. The handicraft trader has the choice to import his products from different countries, and it will cost him $20 per unit if the product comes from China, $25 per unit if the product comes from India, and $15 per unit if the product comes from Malaysia.
Questions:
1. If the trader must choose to import his products from one country, then which country will it be? (3 Marks)
2. compute the trader’s profit if he sells 40 units imported from China and 50 units imported from India. (2 Marks)
Answer:
A handicraft products trader
1. The country to choose is Malaysia with the lowest variable cost.
2. Trader's profit under two scenarios:
China India Total
Sales revenue $1,600 $2,000 $3,600
Variable cost 800 1,250 2,050
Contribution $800 $750 $1,550
Fixed costs 20,000
Net loss $18,450
Explanation:
Selling price of leather cases = $40 per unit
Fixed costs:
Rent = $10,000
Salaries = $5,000
Advertising = $5,000
Total fixed costs = $20,000
Variable costs:
China = $20
India = $25
Malaysia = $15
Variable costs:
China = $800 ($20 * 40 units)
India = $1,250 ($25 * 50 units)
Journalize the following transactions of Trapper Jon’s Productions. Assume 360 days in a year. If an amount box does not require an entry, leave it blank.
June 23 Received a $48,000, 90-day, 8% note dated June 23 from Radon Express Co. on account.
Sept. 21 The note is dishonored by Radon Express Co.
Oct. 21 Received the amount due on the dishonored note plus interest for 30 days at 10% on the total amount charged to Radon Express Co. on September 21.
June 23
Notes Receivable __________
Accounts Receivable-Radon Express Co. _______
Sept. 21
Accounts Receivable-Radon Express Co. _________
Notes Receivable ________
Interest Revenue _________
Oct. 21
Cash ________
Accounts Recelvable-Radon Express Co. _____
Interest Revenue ________
Answer:
June 23 Received a $48,000, 90-day, 8% note dated June 23 from Radon Express Co. on account.
Dr Notes receivable 48,000 Cr Accounts receivable 48,000Sept. 21 The note is dishonored by Radon Express Co.
Dr Accounts receivable 48,960 Cr Notes receivable 48,000 Cr Interest revenue 960When a customer defaults on a note, the company is allowed to convert the note back to accounts receivable and charge any accrued interests. Depending on the client, the company can give them more time (by switching back the note into accounts receivable) or the company can write off the note and try to sell it to a collection company.
Oct. 21 Received the amount due on the dishonored note plus interest for 30 days at 10% on the total amount charged to Radon Express Co. on September 21.
Dr Cash 49,368 Cr Accounts receivable 48,960 Cr Interest revenue 408Case Study Questions
In your opinion, what role did the Independence Day declaration have on the motivation of the people working at ISRO? Would the prior admission of the ISRO chairman in 2008 of a Mars mission have had any effect?
Evaluate the SMARTness of the objectives for the Mars Orbiter Mission. Analyse the decision taken by the chairman of ISRO to use the PSLV instead of the GSLV, in the context of being attainable vs. being challenging.
Discuss the role of the preparatory studies conducted for the Mars mission. What role did the success of the prior mission Chandrayaan-I have on the execution and planning for this mission?
What peripheral political advantage could India have envisaged for Mangalyaan? Would the mission have been conceived had the prior ISRO chairman been at the helm? Why or why not?
The Mangalyaan mission was subject to quite a bit of criticism, among them being the previous ISRO chairman, Dr Nair, who was of the opinion that ISRO should have focused on GSLV which would allow India to put up a stronger mission to Mars, due to the higher payload capacity of the GSLV.
Further, this could have augmented future space efforts by India. Near the culmination of the project however, all critics were full of praise for the scientific community of India. E.V. Chitnis, a scientist on the team that launched India's first rocket, asserted that critics had not accounted for the strides made by the country's space program and the ensuing economic benefits by demonstrating interplanetary capability.
ISRO's commercial arm, Antrix, has been putting satellites into orbit profitably, and a demonstration of the capability for interplanetary programs can only augment this.
Learn more about Case Study at:
https://brainly.com/question/6434488
#SPJ1
Petrox Oil Co. is considering a project that will have fixed costs of $12,000,000. The product will be sold for $37.50 per unit and will incur a variable cost of $12.80 per unit.
Given Petrox's cost structure, it will have to sell __________ units to break even on this project (Q_BE).
Petrox Oil Co.'s marketing sales director doesn't think that the market for the firm's goods is big enough to sell enough units to make the company's target operating profit of $15,000,000. In fact, she believes that the firm will be able to sell only about 150,000 units. However, she also thinks the demand for Petrox Oil Co.'s product is relatively inelastic, so the firm can increase the sale price. Assuming that the firm can sell 150,000 units, what price must it set to meet the CFO's EBIT goal of $15,000,000?
a. $192.80
b. $221.72
c. $241.00
d. $202.44
Answer:
Fixed costs = $12,000,000
Selling price = $37.50
Variable cost = $12.80
hope this helps
At the given cost structure, Petrox have to sell 485,830 units to break-even on this project .The selling price to to be set to meet the profit of $15,000,000 is $192.80. Thus, the correct answer is option A.
What is break-even ?The break-even point occurs when total cost and total revenue are equal. Though opportunity costs have been paid and capital has received the risk-adjusted, expected return, there is no net loss or gain. In short, all necessary costs are met, and there is no profit or loss.
The break even units is calculated as,
Break-even units = Fixed Cost / Contribution Margin
= Fixed Cost / Sale Price - Variable Cost
= $12,000,000/ $37.50-$12.80
= 485,830 units
The price that needed to be set is calculated as,
Target units=Fixed Costs+ Target EBIT/selling price-variable cost
Assume selling price is X
150,000= ($12,000,000+$15,000,000) / X-12.80
150,000=27,000,000 / X-12.80
150,000× (X-12.80)=27,000,000
X - 12.80=27,000,000 / 150,000
X-12.80 = 180
X = 180+12.80
X= $192.80
Therefore, the break-even units is 485,830 and the the price to be set is $192.80 to meet the CFO's EBIT goal of $15,000,000.
To learn more about break-even, click here:
https://brainly.com/question/13770712
#SPJ5
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
A promissory note can best be described as: a. an interest-bearing IOU.
What is promissory note?Promissory note can be defined as a written note that help to shows that a person who lend a money from another person promise to payback. The note contains a promise by the borrower to pay back the lender within a stipulated period of time.
A promissory note can tend to be described as IOU which full meaning is I OWE YOU which implies that a borrower is telling the lender that he/she owe the lender some certain amount of money which the borrower will have to payback.
A promissory note also contains the terms and conditions of the agreement and this terms and agreement includes the following :
The principal amountThe loan maturity dateThe interest etcTherefore we can conclude that the correct option is A.
Learn more about promissory note here:https://brainly.com/question/27132271
#SPJ1
If the money supply is $60 billion, the velocity of money is 8, and real gdp is $320 billion, then the price level equals.
The velocity of money (V=PQ/M), a measure of the health of the economy, can be computed as the nominal gross domestic product (GDP) to the money supply.
rises in the money supply while the real GDP and money velocity are fixed?Money supply (M), money velocity (V), price level (P), and real gross domestic product (Y) are all related terms. The nominal GDP is denoted by PY. Inflation will result from an increase in the money supply (M) while keeping output (Y) and velocity (V) constant.
What is the money supply's equation?Money supply is calculated using the formula MS = (MB x MM). By dividing the needed reserve established by the Federal Reserve by 1, the money multiplier, or MB, MM, is calculated.
To know more about velocity of money visit :-
https://brainly.com/question/30269397
#SPJ1
Consider public policy aimed at smoking studies indicate that the price of a sassy city of demand for cigarettes is about 0.2. If a pack currently cost $5 and government wants to reduce smoking by 10% it should increase price by what
Price elasticity of demand = percentage change in quantity demanded/ percentage change in price
0.2 = 10%/ percentage change in price
percentage change in quantity demanded = 50% = 0.5
0.5 = (New price - $5) / $5
New price = (5 × 0.5) + 5 = $7.5
What is the price elasticity of demand?
The quantity requested for a good is measured according to how sensitively it responds to its price. Nearly all goods have a decrease in demand when the price rises, however certain goods experience a greater decline in demand than others.
When a price increases by 1% while all other factors remain constant, the price elasticity provides the percentage change in the quantity required. If the elasticity is 2, a 1% increase in price results in a 2% decrease in the amount demanded. Other elasticities gauge how changes in other factors affect the quantity needed.
Therefore, the New price will be $7.5.
Learn more about price elasticity of demand, from:
brainly.com/question/15718502
#SPJ1
Match each term in Column A with its definition in Column B. (Column A)
1. excise tax
2. sales tax
3. indirect tax
4. protective tariff
5. ability-to-pay
6. regressive tax
7. payroll tax
8. personal income
tax
9. progressive tax
10. corporate
income tax
11. property tax
(Column B)
a. a tax that takes a larger percentage of a low
income than of a high income
b. the principle that those who can best afford to
pay taxes should do so
c. a tax on the manufacture or sale of a specific
good or service
d. a tax paid by homeowners
e. a tax on the earnings of corporations
f. a local or state tax levied on a wide range of
consumer items
g. an income tax on the earnings of individuals
h. a high tax on foreign-made goods to discourage
their purchase
i. a hidden tax
j. a tax that takes a larger percentage of a high
income than of a low income
k. a tax that finances the nation's Social Security
program.
Answer:
1. c
2. f
3. i
4. h
5. b
6. a
7. k
8. g
9. j
10.e
11. d
Explanation:
took the quiz and made a 100
1. Excise tax ⇒c). a tax on the manufacture or sale of a specific good or service,
2. sales tax ⇒ f). a local or state tax levied on a wide range of consumer items,
3. indirect tax ⇒ i). a hidden tax,
4. protective tariff ⇒ h). a high tax on foreign-made goods to discourage their purchase,
5. ability-to-pay ⇒b). the principle that those who can best afford to pay taxes should do so,
6. regressive tax ⇒ a. a tax that takes a larger percentage of a low income than of a high income,
7. payroll tax ⇒ k. a tax that finances the nation's Social Security program,
8. personal income tax ⇒ g. an income tax on the earnings of individuals,
9. progressive tax ⇒ j. a tax that takes a larger percentage of a high income than of a low income,
10. corporate income tax ⇒ e. a tax on the earnings of corporations,
11. property tax ⇒d. a tax paid by homeowners
What is a tax?A tax is a compulsory financial charge or a kind of levy that is imposed on a taxpayer by a governmental organization.
It is an amount that an individual has to pay according to their income, the value of their property, etc.
Tax is used to pay for the things done by the government.
Learn more about tax here:-
https://brainly.com/question/16423331
#SPJ2
8. Why is language so critical in understanding international culture? How can this problem be dealt with effectively?
Answer:
By learning a foreign language, you can understand ideas and thoughts that may be different from your own culture. You can learn customs and how people interact in a given society. Language helps preserve cultures, but it also allows us to learn about others and spread ideas quickly. Language Is Important To Business
Language Is Important To Culture And Society Language helps us express our feelings and thoughts — this is unique to our species because it is a way to express unique ideas and customs within different cultures and societies. By learning a foreign language, you can understand ideas and thoughts that may be different from your own culture.
It is also an inseparable part of our culture. Why is language important to culture? While there is still some debate whether the particular language influences people’s thought process or it is indeed people’s culture that influences the language, there is no doubt that language and culture are closely connected.
Language changes often represent a culture’s changing values. Language and culture are inextricably related. And you can’t learn one without first knowing the other. Language is related to all features of human life in society. And comprehension of the surrounding culture is key to learning a language.
Explanation:
You can comprehend concepts and thoughts that may differ from those in your own society by studying a foreign language. You can discover the traditions and social dynamics of a certain society. Language not only enables us to learn about others and share ideas swiftly, but it also aids in the preservation of civilizations. The importance of language in business
What is language?Language is a set of common spoken, manual (signed), or written symbols that people use to communicate as members of a social group and members of that group's culture. When people in a particular country or region talk or write, they use a particular set of sounds and written symbols, which together make up their language.
The Value of Language in Culture and Society Our ability to express ourselves through language is unique to our species because it allows us to communicate the distinctive concepts and practices that exist across various civilizations and societies. You can comprehend concepts and thoughts that may differ from those in your own society by studying a foreign language.
Therefore, In addition to helping us share ideas and learn about others, language also
Learn more about the language here:
https://brainly.com/question/20921887
#SPJ2
Conflict and conflict resolutions happens often in the workplace.
Mary Parker Follett shared with us the point of integrative
conflict resolution where both parties indicate their preference(s)
and then work together to find a solution for both. The
alternative is to dominate the other party
Please find and share an article (copy and paste Web URL into
your discussion) that outlines an example of integrative conflict
resolution where both parties indicated their preferences and
worked towards a resolution together. You must cite the
- textbook and utilize exhibit 2.6 in our textbook to support your
discussion post.
Also, please outline your feedback from the article i.e. why you
selected the article and how it resonated with you.
Your initial discussion post must be 150 words in length.
I found an article titled "Integrative Conflict Resolution: A Case Study" by Robert I. Field, which provides an in-depth example of how integrative conflict resolution was used to resolve a dispute between a healthcare provider and an insurance company. The article details the specific steps taken by both parties to understand each other's perspectives and preferences, and how they worked together to find a mutually beneficial solution.
I selected this article because it provides a clear and practical example of how integrative conflict resolution can be applied in a real-world setting. The case study format allows the reader to understand the specific challenges that were faced by the healthcare provider and the insurance company, and how they were able to overcome them through collaboration.
The article resonated with me because it illustrates the importance of active listening and mutual understanding in conflict resolution. It emphasizes the need for both parties to clearly express their preferences and concerns, and to work towards a solution that addresses the needs of both. The article also highlights the benefits of integrative conflict resolution, such as increased satisfaction, improved relationships, and greater long-term stability.
Overall, the article is a valuable resource for anyone interested in learning about integrative conflict resolution, and serves as an excellent example of how this approach can be used to resolve disputes in the workplace. It teaches the importance of understanding and actively listening to the other party's concerns and preferences, and how to collaborate effectively to find a solution that addresses everyone's needs.
A company has fixed costs of $96,800. Its contribution margin ratio is 44% and the product sells for $61 per unit.
What is the company's break-even point in dollar sales?
$220,000
Explanation:
Calculation for the company's break-even point in dollar sales
Using this formula
Break-Even point in dollars sales= Fixed Costs ÷ Contribution Margin
Let plug in the formula
Break-Even point in dollars sales=$96,800/44%
Break-Even point in dollars sales=$220,000
Therefore the company's break-even point in dollar sales will be $220,000.
Norton Company has accounts receivable of $40,000 in its general ledger at July 31: During August, the following transactions occurred. Aug. 1 Added 1% finance charges to $13,000 of credit card balances for not paying within the 30 day grace period. 15 Sold $21,000 of accounts receivable to Iron Factors Inc. who charge a 4% commission. 28 Collected $8,000 from Norton credit card customers which included $400 of finance charges previously billed.
Required:
a. Journalize the transactions.
b. Indicate the statement presentation of finance and service charges.
1.The journal entries to record the transactions of Norton Company during August are as follows:
Aug. 1 Debit Interest Receivable $130
Credit Interest Revenue $130
Aug. 15 Debit Accounts Receivable (Iron Factors Inc.) $20,160
Debit Sales Commission $840
Credit Sales Revenue $21,000
4% commission.
Aug. 28 Debit Cash $8,000
Credit Accounts Receivable (Norton credit card) $7,600
Credit Interest Receivable $400
2. The statement presentation of finance and service charges is as follows:
Income Statement:Interest revenue $130 (Credit)
Sales commission $840 (Debit)
Data and Calculations:Accounts receivable at July 31 = $40,000
Transactions:Aug. 1 1% finance charges to $13,000 = $130 ($13,000 x 1%)
Aug. 1 Interest Receivable $130 Interest Revenue (finance charges) $130
Aug. 15 Accounts Receivable (Iron Factors Inc.) $20,160 Sales Commission $840 Sales Revenue $21,000
4% commission.
Aug. 28 Cash $8,000 Accounts Receivable (Norton credit card) $7,600 Interest Receivable $400
Learn more about journalizing transactions at https://brainly.com/question/17201601
When searching for information on a potential employer, you should look in the following places: Responses Occupational Outlook Handbook Occupational Outlook Handbook local library local library company’s Web site company’s Web site Chamber of Commerce Chamber of Commerce
When conducting research on a potential employer, there are several places where you can look for information. One of the first places to start is the company's official website, as it will provide you with information on the company's history, products or services, mission, and values.
You can also check out their social media presence to see how they engage with their customers, partners, and employees.
Another useful resource is the Occupational Outlook Handbook, which can provide you with information on job descriptions, salary expectations, and job outlooks for various occupations. Additionally, you can visit your local library to access business directories, industry reports, and other relevant publications. You may also consider reaching out to your local Chamber of Commerce to gather information on the company's community involvement, reputation, and overall performance. You can also search for reviews and ratings on job search websites such as Glassdoor, Indeed, and LinkedIn. By gathering information from these sources, you can gain a better understanding of the company's culture, values, and goals, and determine whether it is a good fit for your career aspirations.
for more such questions on information
https://brainly.com/question/27968241
#SPJ11
How are foreign exchange rates determined
Answer:
Currency prices can be determined in two main ways: a floating rate or a fixed rate. A floating rate is determined by the open market through supply and demand on global currency markets. ... 5 Therefore, most exchange rates are not set but are determined by on-going trading activity in the world's currency markets.
Answer: market forces for. a p e x
Explanation:
just did that bro