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Degger [83]
1 year ago
8

Your catering business sells luncheons and dinners. Luncheons are $1,000 each, and dinners are $2,000 each. You sold 300 meals i

n total for revenue of $460,000. How many of each did you sell?
Business
1 answer:
Jet001 [13]1 year ago
7 0

Answer:

140 luncheons, 160 dinners

Explanation:

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Morgan Company's budgeted income statement reflects the following amounts:Sales Purchases ExpensesJanuary $ 120,000 $ 78,000 $ 2
Whitepunk [10]

Answer:

 e.$113,300                                          

Explanation:

Download xlsx
7 0
2 years ago
Carryon Company sells a product and a 12-month service package for that for a combined price of $800. Separately, the product an
anzhelika [568]

The part of the combined price allocated to the product is less than 50% which might be around 35-40%.

<u>Explanation:</u>

Since the price of the product all alone is $450 and the price of the service alone is $550, so the combined amount totals up to be nothing less than $1000. But the company under the discount and offer, offers the both things combined for $800.

This shows that the company is under some loss which it has to incur. The loss is of $200 under the discount to be offered to the clients which serves as the incentive to the customers.

3 0
1 year ago
When Nike purchases it's raw materials it wants to ensure they meet a specific quality management standard worldwide. This will
enot [183]

Nike should purchase it's raw materials from organizations that meet  ISO 9000 standards.

Explanation:

ISO 9000 is the international standard for quality and resource management employed according to the World trade organisation and thus has an international approval that is recognizable all over the world.

Nike as a leading and trusted brand across the world for footwear must keep i care that they meet the quality standard that will be accepted worldwide and meet the highest standards of the buyers justifying the popularity of their products which is ensured by the certification of ISO 9000.

6 0
1 year ago
Read 2 more answers
Sunland Company purchased $1200000 of 11% bonds of Scott Company on January 1, 2021, paying $1122375. The bonds mature January 1
xz_007 [3.2K]

Answer:

Sunderland Company should increase debt investment by $2,685.00  

Explanation:

Sunderland Company needs to increase its debt investments account for Scott Company bonds with the difference between effective interest earned on July 1 2021 minus the actual coupon interest received as shown below:

The actual interest revenue earned = $1122375*12%

                                                           =$ 134,685.00  

The coupon interest received=$1,200,000*11%

                                                 =$ 132,000.00  

In a nutshell,the investment in bonds earned interest of $134,685 but only $132,000 was received in cash,hence the difference of $2,685 is added to the bonds investment figure($134,685-$132,000)

3 0
1 year ago
Danny mentions that he is only in business if his employees are happy to come to work. Based on McGregor's work, Danny would hav
Salsk061 [2.6K]

Answer:

Theory Y views

Explanation:

According to McGregor, managers who subscribe to the theory Y assumptions have an optimistic view of their employees. They regard employees as intelligent and innovative people who can provide solutions to the organization's problems. Theory Y managers appreciate employee differences, encourage them to improve their skills and work rate.

<u>Assumptions of Theory Y include</u>

  1. Employees are happy to work on their initiative.
  2. Workers like to be involved in decision making.
  3. Workers are self-motivated and like to complete their tasks.
  4. Employees willingly seek and accept responsibility
  5. View work as fulfilling and challenging.
  6. Have the ability to solve the organization's problems creatively and innovatively.
6 0
2 years ago
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