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2 years ago

Why must food service operators pay attention to detail and watch every penny?

1 answer:

7 0

<span>Food service operators must pay attention to detail and watch their finances in order to maximize the profit they can generate through the operation of their business. There are many aspects of a food service business that have potential to be a loss, so operators must be aware of these aspects - such as loss from ordering too much food or ingredients, employee theft, and so on.</span>

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Which of the following is not a good example of how accountants might use data analytics to help evaluate estimates used to valu

Tcecarenko [31]

Answer:

The answer is option (D) Assess property, plant & equipment values based on current comparable prices.

Explanation:

From the given question, Evaluating the likelihood and level of expected warranty claims or Estimating the collectibility of accounts receivable balances is is not a good example for analytics and financial statements.

Therefore, the best example from the given options is assess property, plant, and equipment values based on current comparable prices for analytics and financial statements.

7 0

2 years ago

Sue is a small business owner who often gives gifts to clients. She gives a $40 gift to her client, Mr. Smith, and his wife. Sue

PilotLPTM [1.2K]

Answer:

D) $801

Explanation:

Businesses can only deduct $25 per gift per client, in this case the client's wife is not an actual client, so Sue can only deduct $25 for the gift plus the wrapping expenses. She can also deduct the $400 spent in the calendars and the $370 watch.

Sue's total deductions = $25 + $6 + $400 + $370 = $801

8 0

2 years ago

A company needs to locate three departments (X, Y, and Z) in the three areas (I, II, and III) of a new facility. They want to mi

sp2606 [1]

Answer:

The correct answer is option (A) $2,600

Explanation:

Given data;

The data given can be tabulated below for easy understanding

Pairs Flow Distance Flow distance

X-y 30 20 600

Y-Z 280 10 2800

Z-X 180 10 1800

Total flow = 600 +2800 + 1800 = 5200

To calculate the total weekly cost, we use the formula;

Total weekly cost is = Total flow * Cost of per load

= 5200 *0.5

$2,600

5 0

2 years ago

Blue Dingo uses a standard costing system. The company's standard costs and variances for direct materials, direct labor, and fa

Dafna1 [17]

Answer:

Actual Direct material cost = $81,500

Actual Direct labor cost = $187,500

Actual manufacturing overhead = $272,000

Explanation: kindly see attached picture for detailed explanation.

Variances ; Standard Cost Unfavorable Favorable Direct materials $ 80,000 Price variance $ 4,500 Quantity variance $ 3,000 Direct labor 184,000 Rate variance 2,700 Efficiency variance 6,200 Manufacturing overhead 271,000 Spending variance 4,000 Volume variance 5,000 Determine the actual costs incurred during the month of May for direct materials, direct labor, and manufacturing overhead.

7 0

2 years ago

Read 2 more answers

Vessels Corporation's net income for the most recent year was $2,532,000. A total of 200,000 shares of common stock and 200,000

Usimov [2.4K]

Answer:

The earnings per share of common stock is closest to

D. $11.41.

Explanation:

To find the Price-Earning Ratio first, it's necessary to deduct from the Net Income the part corresponding to Preferred Stock,

which is , $2,532,000 - (200,000*1,25= $250,000) = $2,282,000

Then we calculate the Earning/Share Ratio : $2,282,000/200,000 = 11,41

Shares of Common stock outstanding 200.000

Shares of Preferred stock outstanding 200.000*$1,25 = $250.000

NET INCOME Available $2,282,000 = $ 2,532,000 - $250,000

6 0

2 years ago