Charlie's Crispy Chicken (CCC) operates a fast-food restaurant. When accounting for its first year of business, CCC created several accounts Account Name Accounts Payable Balance 3, 100 Payment is due in 30 days Description 3, 600 Includes cash in register and in bank account 38, 000 Stock issued in exchange for owners' contributions 51, 000 Includes deep fryers, microwaves, dishwasher, etc. 24, 400 Held for future site 36, 000 Payment 1s due in s1X years Common Stock Equipment an of new restaurant Notes Payable (long-term) Retained Earnings Salaries and Wages Payable Supplies 4, 100Total earnings through September 30 300 Payment is due in 7 days 2, 500 Includes serving trays, condiment dispensers, etc. Required 1. Using the above descriptions, prepare a classified balance sheet at September 30 2. Calculate CCC's current ratio.

What factors excluding price affect demand

The following cost data relate to the manufacturing activities of chang company during the just completed year: manufacturing overhead costs incurred: indirect materials $ 15,800 indirect labor 138,000 property taxes, factory 8,800 utilities, factory 78,000 depreciation, factory 150,600 insurance, factory 10,800 total actual manufacturing overhead costs incurred $ 402,000 other costs incurred: purchases of raw materials (both direct and indirect) $ 408,000 direct labor cost $ 68,000 inventories: raw materials, beginning $ 20,800 raw materials, ending $ 30,800 work in process, beginning $ 40,800 work in process, ending $ 70,800 the company uses a predetermined overhead rate of $20 per machine-hour to apply overhead cost to jobs. a total of 20,500 machine-hours were used during the year. required: 1. compute the amount of underapplied or overapplied overhead cost for the year. 2. prepare a schedule of cost of goods manufactured for the year.

The management of a supermarket wants to adopt a new promotional policy of giving a free gift to every customer who spends > a certain amount per visit at this supermarket. the expectation of the management is that after this promotional policy is advertised, the expenditures for all customers at this supermarket will be normally distributed with a mean of $95 and a standard deviation of $20. if the management wants to give free gifts to at most 10% of the customers, what should the amount be above which a customer would receive a free gift?