Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Steve and Linda Hom live in Bartlesville, Oklahoma. Two years ago, they visited Thailand. Linda, a professional chef, was impressed with the cooking methodsand the spices used in the Thai food. Bartlesville does not have a Thai restaurant, and the Homs are contemplating opening one. Linda would supervise the cooking, and Steve would leave his current job to be the maite d'. The restauant would serve dinner Tuesday through Saturday. Steve has noticed a restaurant for lease. The restaurant has seven table, each of which can seat four. Tables can be moved together for a large party. Linda is planning two seatings per evening, and the restaurant will be open 50 weeks per year. The Homs have drawn up the following estimates: Average revenue, including beverages and dessert $45 per meal.Average cost of food $15 per meal.Chef's and dishwashers salaries $61,200 per year.Rent (premises, equipment) $4,000 per month.Cleaning (linen and premises) $800 per monthReplacement of dishes cutlery and glasses $300 per month.Utilities advertising telephone $2,300 per month. Compute the annual breakeven number of meals and sales revenue for the restaurant. Also compute the number of meals and the amount of sales revenue needed to earn operating income of $75,600 for the year. How many meals must the Homs serve each night to earn their target income of $75,600? Should the couple open the restaurant?
Calculate the overall effects of these transactions on the store's reported income for 2014
Plot the date of your answer to above inthe form contribution sales graph known as profit volume graph. and to comment on the result shown and state the break- even point.
Identify three situations in which accounting measures are based on present values. Do these present value applications involve single sums or annuities, or both single sums and annuities - Do you think a uniform set of accounting standards across ..
Potential investor and could only review one financial statement of a company in which you would like to buy stock, which financial statement would you choose and why? Be specific with your answer and provide about 250 words.
One printing press was new, and the other was used by a business that currently filed for bankruptcy. Costs related to new printing press
Computer Boutique sells computer equipment and home office furniture. Currently, the furniture product line takes up approximately 50% of the company's retail floor space.
Costs in the Machining cost pool are assigned to products based on machine-hours (MHs) and costs in the Setting Up cost pool are assigned to products based on the number of batches. Costs in the Other cost pool are not assigned to products.
The machine would reduce cash operating costs by $114,000 per year. The machine could have no salvage value.
Evaluate the allocation of the acquisition price to undervalued assets and Goodwill Evaluate the amounts of 4 years' excess depreciation/amortization for the undervalued assets, from 2009-2012
Prepare the general journal entries to record the adopted budget at the beginning of FY 2014. Show entries in the subsidiary ledger accounts as well as the general ledger accounts. what must be the minimum amount in the Fund Balance
What amount is the note payable recorded at on 1 st October and how much interest is recognized from October 1 to December 31?
An agency's Performance and Accountability Report (PAR) is considered a primary source of planning information. Why is this? When are PARs due (in draft and in final)?
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd