| | | | | |Solve all problems for 2 decimal places (x.xx) | | | |Food sales |$57‚680.30 | | | | | | |1. Food cost $ based on standard cost figures |$17834.75 |(1 pt) | | | | | |2. Food cost % based on standard cost figures |30.92% |(1 pt) | | | | | |3. Contribution margin $ |$39845.55 |(1 pt) | | | | | |Actual inventory figures | | | |Opening inventory |$6‚415.60 | | |Purchases |$19‚950.30 | | |Ending inventory |$6‚852.65 | | | | | | |4. Cost of goods sold $ |$19513.25 |(1 pt) | | | | | | | | |
Premium Cost accounting Cost Costs
Unit 6 Assignment Chapter 12 question‚ 12-1‚ p. 514 Chapter 15 problem‚ 15-3‚ p. 621 Tiaira Walls Ch. 12: page 514 number 12-1 Broussard Skateboard’s sales are expected to increase by 15% from $8 million in 2013 to $9.2 million 2014. Its assets totaled $5 million at the end of 2013. Broussard is already at full capacity‚ so its assets must grow at the same rate as projected sales. At the end of 2013‚ current liabilities were 1.4 million‚ consisting of $450‚000 of accounts payable
Premium Generally Accepted Accounting Principles Finance Liability
Team B Learning Team Global Environments and Problem Sets ACC 300 Learning Team Global Environments and Problem Sets In the restaurant business there is a household name that controls a big part of the market share and has experienced a tremendous growth since it was founded in the 1940’s. McDonald’s growth has not just been in the United States but has grown rapidly grown in the global market. McDonald’s has adapted their business model to global environments
Premium Stock Stock market
NAME December 14‚ 2014 Week 6 Practice Problem 1 XACC/290 General Journal Date Account Titles Debit Credit July 01 Cash 12‚000 Common Stock 12‚000 1 Equipment 8‚000 Accounts Payable 6‚000 Cash 2‚000 3 Cleaning Supplies 900 Accounts Payable 900 5 Prepaid Insurance 1‚800 Cash 1‚800 12 Accounts Receivable 3‚700 Service Revenue 3‚700 18 Accounts Payable 1‚500 Cash 1‚500 20 Salaries Expense
Premium Generally Accepted Accounting Principles Balance sheet Revenue
1-6 Journal: From Problem to Persuasion Many business owners have argued that raising the minimum wage would cause hardship and cause businesses to raise their prices‚ but many workers argue that raising the minimum wage is necessary to help low-income workers to get out of poverty. Two main issues that workers face are insufficient wages to support their families which causes them to depend on government funding. Secondly‚ workers are faced with decreased job satisfaction due to making low wages
Premium Employment Minimum wage Wage
stock for $33. What is the present value of all future benefits if a discount rate of 11 percent is applied? (Round all values to two places to the right of the decimal point.) Answer: The following formula calculates the present values: PV = FV/ (1+r) ^t‚ where FV is the cash flow‚ discount rate r = 11%‚ t = year. From there: 1st year = $2.00 x 0.901= PV= $1.80 2nd year = $2.20 x 0.802 = PV= $1.79 3rd year = $35.40 x 0.731 = PV=$25.88 Total PV= $29.47 Thus‚ the PV of total benefit is
Premium Net present value Time value of money Rate of return
Reporting (International) 1 (a) December 2008 Answers Pedantic Consolidated income statement for the year ended 30 September 2008 $’000 98‚000 (72‚000) ––––––– 26‚000 (3‚000) (7‚600) (500) ––––––– 14‚900 (5‚400) ––––––– 9‚500 ––––––– Revenue (85‚000 + (42‚000 x 6/12) – 8‚000 intra-group sales) Cost of sales (w (i)) Gross profit Distribution costs (2‚000 + (2‚000 x 6/12)) Administrative expenses (6‚000 + (3‚200 x 6/12)) Finance costs (300 + (400 x 6/12)) Profit before tax
Premium Generally Accepted Accounting Principles Balance sheet
Assignment Problem Set includes overview of these exercises: C: 9-35 Allocation of Precontribution Gain Solution C: 11-45 Use of Losses by Shareholders Solution C: 10-4 Discussion C:11-47 Problem Post-Termination Loss Use Solution Business - Accounting Complete the problems found in Ch. 9‚ 10‚ 11 of Federal Taxation 2010: Corporations with your Learning Team . C:9-32 Problem – Partnership Income and Basis Adjustments (Ch. 9) C:11-37 Problem – Determination
Premium Textbook Textbooks
Problem Set Seven Solutions Chapter 9 1. Two car manufacturers‚ Saab and Volvo‚ have fixed costs of $1 billion and constant marginal costs of $10‚000 per car. If Saab produces 50‚000 cars per year and Volvo produces 200‚000‚ calculate the average fixed cost and average total cost for each company. On the basis of these costs‚ which company’s market share should grow in relative terms? Answer: Average total cost is average fixed cost plus marginal cost: ATC = FC/Q + MC. Volvo’s average fixed cost
Premium Costs Marginal cost Microeconomics
Quinnipiac University School of Business FIN350 Global Financial Markets & Institutions Questions & Problems Set 5 Spring 2013 1. Explain why commercial banks are regulated and describe the major pieces of legislation enacted to prevent bank failures. Financial institutions are regulated because they provide products and services that the economy needs to function efficiently. Also they function in an environment where there is a great deal of asymmetric information‚ so they
Premium Banking Bank Fractional-reserve banking