answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
ad-work [718]
3 years ago
8

Who owns the alcoholic beverages of a private club answer?

Business
2 answers:
dusya [7]3 years ago
6 0

Answer:

The owner of the club is the rightful owner of the alcoholic beverages in a private club. Private clubs are owned by individuals and are allowed to sell goods from private companies that team with them.

Everyone is allowed to open a private club but a permit is needed to operate one. Such permit is issued by the government. In a private clubs, whenever drinks manufacturer visit the clubs, they are served with the drinks they produced. A person who patronizes private clubs pay to have access to the club.  

Alcohol beverages in a private club must be certified safe for consumption and free from harm. Also, the Private clubs activities must be in accordance to government recommendations.  

Alcoholic beverages licenses are issued to private clubs that meet the following criteria

  • Incorporated for three months
  • Own, leases or occupy a building
  • Main source of revenue for the operation is not alcoholic beverages

However, these are the two types of licenses that are issued to private club owners

  • On-premises Retailer Class CX: Permits the sale, service and consumption of spirits, beer and wine at a club.
  • On-premises Retailer Class DX: Permits the sale, service and consumption of beer and wine at a club.

LEARN MORE:

  • Who owns the alcoholic beverages of a private club?  brainly.com/question/10390936
  • Who owns the alcoholic beverages of a private club  brainly.com/question/5994135

KEYWORDS:

  • private club
  • beverages in a private club
  • alcoholic beverages of a private
  • beverages of a private club
  • permits the sale service
kogti [31]3 years ago
5 0
The owner of the club is the person who owns the alcoholic beverages of a private club.
Private clubs are in possession of individuals - not the entire state. So, any person who has a permit can open their own club and serve the drinks they provide themselves. People who go into such clubs have to pay to get in and to buy drinks which are owned by the owner him or herself.
You might be interested in
Mussatto Corporation produces snowboards. The following per unit cost information is available: direct materials $12, direct lab
o-na [289]

Answer:

$75.40

Explanation:

Mark up is a percentage applied on the cost to get the selling price. In other  word, the difference between the marked-up amount and the total cost gives the profit of the entity.

To get the target selling price, we would first determine the total cost, then apply the mark up percentage on the cost and add the result to the cost.

Total cost per unit

= $12 + $4 + $9 + $10 + $5 + $12

= $52

Amount of mark up

= 45% * $52

= $23.40

Target selling price = $52 + $23.40

= $75.40

4 0
2 years ago
Grace sold her property. She had already paid the property taxes for the year. The closing date was October 1; however, the cont
vova2212 [387]

Answer:

1. Grace was credited for three months taxes.

Explanation:

We need to understand proration. The buyer needs to pay for the taxes the date the property is owed to him, and the seller needs to pay for the taxes till he is having the property. Now he has paid for a year, and the year ends on October 1st. However, he is going to owe the property until Jan 1st. And hence, Grace is credited with the 3 months taxes.

4 0
2 years ago
1.) The Korean steel company PoSCO trades in the US on the NYSE as an ADR with the symbol PKX. The price of an ordinary share on
ArbitrLikvidat [17]

Answer:

a) 31.25%

b) 74.83%

Explanation:

You need to take below steps in the investment circle:

(1) You have $100,000 to invest and the price of the ADR is $100; so you can buy 1,000 ADRs = $100,000/ $100

(2)  It takes 4 ADRs to buy 1 ordinary share; so with 1,000 ADRs you can buy 250 ordinary shares = 1,000 ADRs / 4 ADRs

Six months from today, price for 1 ordinary share is KRW525,000 and the exchange rate is KRW1,000/$.

(3) If you sell 250 ordinary shares, you can get KRW131,250,000 = 250 shares x KRW525,000

(4) Then you sell KRW131,250,000 to get $131,250 = KRW131,250,000/ exchange rate KRW1,000/$

So the profit after 6 months is $31,250 = $131,250 - $100,000

The rate of return is 31.25% = $31,250/$100,000 x 100%

Suppose 3 ADRs buy 1 ordinary share, then some steps changed as below:

(1) same as above

(2) you can buy 333  ordinary shares = 1,000 ADRs / 3 ADRs

(3) If you sell 333 ordinary shares, you can get KRW174,825,000 = 333 shares x KRW525,000

(4) Then you sell KRW174,825,000 to get $174,825 = KRW174,825,000/ exchange rate KRW1,000/$

So the profit after 6 months is $74,825 = $174,825- $100,000

The rate of return is 74.83% = $74,825/$100,000  x 100%

7 0
2 years ago
Partial balance sheets and additional information are listed below for Monaco Company. Monaco Company Partial Balance Sheets as
Studentka2010 [4]

Answer:

Net Purchases = Cost of goods sold - Decrease in Inventory

                        = $308,000 - $16,500

                        = $291,500

Cash paid to Suppliers = Net Purchases + Decrease in accounts Payable

                                      = $291,500 + $13,500

                                      = $305,000

The summary entry is as follows:

Merchandise Inventory A/c Dr. $291,500

Accounts payable A/c          Dr. $13,500

To cash                                                              $305,000

(To record the amount of cash paid to merchandise suppliers during 2018)

                                       

5 0
2 years ago
If revenues exceed expenses for the accounting period, the retained earnings account: a. Will have a lower balance after closing
Sati [7]

Answer:

The correct answer is letter "D": All of these answer choices are incorrect.

Explanation:

Retained earnings are the part of the company's net profits which does not pay out as dividends to shareholders. The company keeps this money in the business to reinvest it or uses it to pay off a part of its debt.

When revenues of a company exceed the expenses of a period, the firm has net income. Net income is reported as a credit entry. Thus, the retained earnings will have a credit balance prior to closing.

7 0
2 years ago
Other questions:
  • ____ analysis involves studying various market parameters in order to predict future price movements of stock.
    8·2 answers
  • Bountiful company had sales of $650,000 and cost of goods sold of $200,000 during a year. the total assets balance at the beginn
    7·1 answer
  • A commercial bank has excess reserves of $10,000 and a required reserve ratio of 20 percent. it grants a loan of $8,000 to a cus
    7·1 answer
  • Which item is an example of a primary source?
    6·2 answers
  • Carla Vista Co. sells office equipment on July 31, 2017, for $21,240 cash. The office equipment originally cost $86,550 and as o
    7·1 answer
  • Laurel, Inc., and Hardy Corp. both have 10 percent coupon bonds outstanding, with semiannual interest payments, and both are cur
    8·1 answer
  • Jackie Swain obtains a $65,000 loan on her home. The principal and interest payments are based on a factor of 8.05 per $1,000. T
    7·1 answer
  • To help finance a new plant, Roxxon, Inc. just sold a noncallable 40 year bond. This $1,000 par bond sells for $1,155 and has a
    15·1 answer
  • Which of the following is not a feature or characteristic of subscription monitoring tools? Select one: a. Most moderate and hig
    9·1 answer
  • Big Lots is able to compete against Wal-Mart with a cost leadership strategy because of its strengths in highly disciplined merc
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!