Which of the following would NOT be considered an entertainment restaurant?
a. Texas Roadhouse
b. House of Blues
c. Denny’s
d. Rainforest Cafe
c. Denny’s
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Using the accounts receivable aging method, estimated uncollectible accounts are $50,000 . If the balance of the Allowance for Uncollectible Accounts is an $18,000 debit before adjustment, what is the balance after adjustment?
a. $68,000 b. $50,000 c. $18,000 d. $32,000
Which of the following provides an explanation of why the variable overhead rate is separated from the fixed overhead rate in standard costing?
A) There is no justifiable reason; their separation is merely to simplify entries. B) Both calculations divide by the same direct labor hours, but the numerator is different for each calculation. C) The variable overhead rate is calculated using actual direct labor hours, whereas the fixed overhead rate is calculated using normal capacity direct labor hours. D) The behavior of costs, used for computing variable overhead rate and fixed overhead rate, differs.
What is the cost-benefits persuasive strategy? Describe how you would apply the cost-benefits strategy in a persuasive presentation.
What will be an ideal response?
Which ratio would you use to examine a company's ability to pay its debts in the short term?
A. Return on equity B. Earnings per share C. Acid-test ratio D. Debt to assets ratio