Match the line account or classification to the appropriate P&L. A. _________ Hourly wage cost 1. Consolidated
Question:
Match the line account or classification to the appropriate P&L.
A. _________ Hourly wage cost 1. Consolidated P&L.
B. _________ Linen expense 2. Department P&L.
C. _________ Revenue centers.
D. _________ Food cost.
E. _________ Fixed costs.
F. _________ House profit.
G. _________ Overtime.
H. _________ Total department profits.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 50% (10 reviews)
A 2 Hourly wage cost 1 Consolidated PL B 2 Line...View the full answer
Answered By
Asim farooq
I have done MS finance and expertise in the field of Accounting, finance, cost accounting, security analysis and portfolio management and management, MS office is at my fingertips, I want my client to take advantage of my practical knowledge. I have been mentoring my client on a freelancer website from last two years, Currently I am working in Telecom company as a financial analyst and before that working as an accountant with Pepsi for one year. I also join a nonprofit organization as a finance assistant to my job duties are making payment to client after tax calculation, I have started my professional career from teaching I was teaching to a master's level student for two years in the evening.
My Expert Service
Financial accounting, Financial management, Cost accounting, Human resource management, Business communication and report writing. Financial accounting : • Journal entries • Financial statements including balance sheet, Profit & Loss account, Cash flow statement • Adjustment entries • Ratio analysis • Accounting concepts • Single entry accounting • Double entry accounting • Bills of exchange • Bank reconciliation statements Cost accounting : • Budgeting • Job order costing • Process costing • Cost of goods sold Financial management : • Capital budgeting • Net Present Value (NPV) • Internal Rate of Return (IRR) • Payback period • Discounted cash flows • Financial analysis • Capital assets pricing model • Simple interest, Compound interest & annuities
4.40+
65+ Reviews
86+ Question Solved
Related Book For
Accounting and Financial Analysis in the Hospitality Industry
ISBN: 978-0132458665
1st edition
Authors: Johnathan Hales
Question Posted:
Students also viewed these Business questions
-
The lettered items that follow represent a classification scheme for a balance sheet, and the numbered items in the list are account titles. Match each account with the letter of the category in...
-
Match the most likely type of responsibility center classification to each of the following positions. You may use a classification once, more than once, or not atall. Employment Positions Possible...
-
Match each of the numbered definitions with the correct term in the following list. Write the letter of your choice in the answer column. a. Arson b. Bribery c. Burglary d. Extortion e. Felony f....
-
Rainbow manufactures wooden backyard playground equipment. Rainbow estimated $1,785,000 of manufacturing overhead and $2,100,000 of direct labour cost for the year. After the year was over, the...
-
Katrina Design has decided to experiment with two alternative manufacturing approaches, identified as MF and LI, for producing men's fashions. The firm expects the total demand to be 20,000 suits....
-
Wilbern Ltd prepares financial statements to 30 June each year. On 1 March 2017, the company classifies a non-current asset as held for sale. The asset is eventually sold in July 2017. Calculate: (i)...
-
What are the key concepts in logistics, and what do these mean in terms of designing the total distribution system in a company?
-
Presented below are selected transactions at Ridge Company for 2017. Jan. 1 Retired a piece of machinery that was purchased on January 1, 2007. The machine cost $ 62,000 on that date. It had a useful...
-
1. Write a paragraph to explain what a wave is and the main characteristics of waves, to a group of students who have never taken physics. Then identify and describe 2 (two) different ways in which...
-
Reporting Pension Contributions and Adjustments The following are some general year-end reporting guidelines employers should follow when reporting pension contributions and pension adjustments...
-
Why do you think this is the most important chapter in this book?
-
Draw the format for a Consolidated P&L using the three sectons in review question 4.
-
(a) There are equivalent formulas that can be used to find the correlation coefficient and the equation of the line of best fit. A formula used in some statistics books to find the correlation...
-
What are the benefits and shortcomings of a regressive rate structure? Explain with examples.
-
Analyze the development of female characters in Virginia Woolf's novels, such as Clarissa Dalloway in "Mrs. Dalloway" and Orlando in the eponymous work, discussing how Woolf challenges traditional...
-
How do authors like Toni Morrison in "Beloved" and Salman Rushdie in "Midnight's Children" employ characterization to confront historical traumas and explore the complexities of cultural identity and...
-
In your own words, describe in two or three sentences what your main takeaway was from the discussion on the outcomes model. In a second paragraph, explain in a sentence or two why the question "What...
-
On September 12, 2023, Levis, a U.S. company, purchased goods from a German Company at a price of 50,000 Euros, when the direct exchange rate was 1 Euro = $1.35. The account has not been settled as...
-
On September 30, 2017, Priscilla purchased a business. Of the purchase price, $60,000 is allocated to a patent and $375,000 is allocated to goodwill. Calculate Priscillas 2017 197 amortization...
-
On the basis of the details of the following fixed asset account, indicate the items to be reported on the statement of cashflows: ACCOUNT Land ACCOUNT NO. Balance Date Item Debit Credit Debit Credit...
-
List your activities for the first two hours after you woke up this morning. Briefly indicate how marketing affected your activities.
-
Distinguish between the micro and macro views of marketing. Then explain how they are interrelated, if they are.
-
Refer to Exhibit 1-1, and give an example of a purchase you made recently that i n volved separation of information and separation in time between you and the producer. Briefly e x plain how these...
-
12. An amusement park ride swings riders around a 25 meter radius circle at a speed of 16 m/s. What is the centripetal acceleration in meters per second-squared felt by each rider? (Answer with 3...
-
For the image matrix given , use the Sobel horizontal edge detector to 1 2 -2 detect horizontal edges. Sobel matrix for horizontal edges is 0 0 104
-
What role does a resource allocation graph play in identifying potential deadlocks, and how can it be utilized to devise strategies for deadlock prevention ?
Study smarter with the SolutionInn App