Answer: See explanation
Explanation:
1. Dr Deferred revenue 2,000
Cr. Rent revenue 2,000
2 Dr. Insurance expense 6,600
Cr. Prepaid insurance 6,600
3 Dr Salaries expense 3,000
Cr Salaries payable 3,000
4 Dr Interest expense 250
Cr Interest payable 250
5 Dr Supplies expense 3,900
Cr Supplies. 3900
N. B:
Rent revenue for December was calculated as:
= $4,000 x 1/2
= $2,000
Insurance expense for the current year was calculated as:
= $13,200 x 6/12
= $6,600
Interest expense:
= $15,000 x 10% x 2/12
= $15000 × 0.1 × 2/12
= $250
Supplies expense:
= $1,000 + $3,400 - $500
= $3,900
This is possible because both products have the same allocation of raw materials, costs, and labor. <span> There wouldn't be any conflict with the change. </span><span> In business, this is called joint product. </span><span>This has been a business practicality measure for better costs planning and production. </span>
<span>Risk management is a
systematic process where its objectives are to identify, to assess, and to control
risks. These risks arise from operational factors and making decisions that
maintains the balance between risk costs with the mission benefits. The correct
steps are the following: First, the risk must be identified. This means that
the team must first uncover, recognize and describe the risks that might
possibly affect the project or its outcomes. Second, the risk will then be
analyzed. It is in this step that the
team must consider the consequences of each risk according to the nature of the
risk. The potential to affect project
goals will also be identified. Third, evaluation and ranking of risks will take
place. The magnitude of the risks will be part in the decision-making whether
they are acceptable or whether they are serious enough to warrant treatment.
Fourth, the risk must be treated. This is also known as the Risk Response Planning. The highest ranked risks must be identified and
plans must be made to treat or modify these so that the desirable risk levels
will be attained. Lastly, the risks
shall then be monitored and reviewed. In
this way, all the uncertainties, unpleasant surprises and barriers will be
fully monitored and if the team is determined, golden opportunities will
instead be achieved. </span>
Answer:
a) Haute Mexican-To serve the customers seeking a fine dining experience, Maria opens an upscale, stand-alone, expensive restaurant serving haute cuisine. STAGE 3 - MATURITY PHASE (STRONGLY ESTABLISHED, HIGH PRICE)
b) Joe's Burrito Box-Recognizing an opportunity to sell low-price, no-frills lunches, Joe's Burrito Box sells boxed burrito lunches out of a mobile cart on Main Street. STAGE 1 - ENTRY PHASE (PENETRATIVE WITH LOW MARGINS)
c) Maria's Taco Stand-First to introduce Mexican food to the market, Maria opens a no-frills taco stand offering budget meals. STAGE 1 - ENTRY PHASE (PENETRATIVE WITH LOW MARGINS)
d) Maria's Mexican Restaurant-As Maria's Mexican food grows in popularity, Maria opens a restaurant in the local mall. The restaurant offers a wider menu, sit-down dining, and higher prices. STAGE 2 - GROWTH PHASE (SOMEWHAT ESTABLISHED, HIGHER MARGINS)
