Exas roadhouse opened a new restaurant in october. during its first three months of operation, the restaurant sold gift cards in various amounts totaling $3,500. the cards are redeemable for meals within one year of the purchase date. gift cards totaling $728 were presented for redemption during the first three months of operation prior to year-end on december 31. the sales tax rate on restaurant sales is 4%, assessed at the time meals (not gift cards) are purchased. texas roadhouse will remit sales taxes in january.

required:

1. & 2. record (in summary form) the $3,500 in gift cards sold (keeping in mind that, in actuality, the firm would record each sale of a gift card individually) and the $728 in gift cards redeemed. (hint: the $728 includes a 4% sales tax of $

Abc factory produces 24,000 units. the cost sheet gives the following information: direct materials rs. 1,20,000direct labour rs. 84,000variable overheads rs. 48,000semi variable overheads rs. 28,000fixed overheads rs. 80,000total cost rs. 3,60,000presently the product is sold at rs. 20 per unit.the management proposes to increase the production by 3,000 units for sales in the foreign market . it is estimated that semi variable overheads will increase by rs. 1,000. but the product will be sold at rs. 14 per unit in the foreign market. however, no additional capital expenditure will be incurredq-1. what is present profit of the company ? q-2. what is proposed profit of the company in new market? q-3.what is suggestion for new makret proposal whether proposal accept or not