This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Suppose your restaurant used one propane gas tank each month for three months during the summer to ... (Read 87 times)

Yi-Chen

  • Hero Member
  • *****
  • Posts: 550
on: Aug 10, 2018
Suppose your restaurant used one propane gas tank each month for three months during the summer to fuel a barbeque grill on the outside terrace. Also assume that the cost was 15.00 per tank (45.00 total cost for the year).
 
  Should a separate cost in the property's supporting schedule for utilities be established? Why or why not?

Question 2

Blanc de Blanc is made from
 
  a. Chardonnay
 b. Pinot Noir
 c. Pinot Meunier
 
  d. None of the above


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Sophiapenny

  • Sr. Member
  • ****
  • Posts: 339
Reply #1 on: Aug 10, 2018
Answer to Question 1

While the cost must be recorded, it may not be necessary to set up a separate account for propane tanks. For example, the restaurant manager may use a miscellaneous utilities account in which these other non-electric, non-water utility charges are carried. This cost may also be considered a petty cash expense.

Answer to Question 2

A


Yi-Chen

  • Member
  • Posts: 550
Reply 2 on: Aug 10, 2018
Thanks for the timely response, appreciate it

amcvicar

  • Member
  • Posts: 341
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

Fewer than 10% of babies are born on their exact due dates, 50% are born within 1 week of the due date, and 90% are born within 2 weeks of the date.

Did you know?

There used to be a metric calendar, as well as metric clocks. The metric calendar, or "French Republican Calendar" divided the year into 12 months, but each month was divided into three 10-day weeks. Each day had 10 decimal hours. Each hour had 100 decimal minutes. Due to lack of popularity, the metric clocks and calendars were ended in 1795, three years after they had been first marketed.

Did you know?

As many as 28% of hospitalized patients requiring mechanical ventilators to help them breathe (for more than 48 hours) will develop ventilator-associated pneumonia. Current therapy involves intravenous antibiotics, but new antibiotics that can be inhaled (and more directly treat the infection) are being developed.

Did you know?

The word drug comes from the Dutch word droog (meaning "dry"). For centuries, most drugs came from dried plants, hence the name.

Did you know?

Between 1999 and 2012, American adults with high total cholesterol decreased from 18.3% to 12.9%

Food web associated with algal turf during the summer in the Eel River, California. Food web associated with algal turf during the summer in the Eel River, California.
Fuel should be heard returning to the fuel tank at the fuel return line if the fuel-pump and ... Fuel should be heard returning to the fuel tank at the fuel return line if the fuel-pump and ...
A man put aside $5710.00 at the end of every 3 months for seven years. How much will he have ... A man put aside $5710.00 at the end of every 3 months for seven years. How much will he have ...
A debt payment of $7500 is due in 24 months. If money is worth 7.2% p.a. compounded quarterly, ... A debt payment of $7500 is due in 24 months. If money is worth 7.2% p.a. compounded quarterly, ...
Suppose the market supply curve is p = 5Q. If price increases from 10 to 15, the change in ... Suppose the market supply curve is p = 5Q. If price increases from 10 to 15, the change in ...
Sample hypnograms of an infant at ages 3, 12, and 24 months Sample hypnograms of an infant at ages 3, 12, and 24 months
Video: Acid-base imbalances - respiratory acidosis and alkalosis

For a complete list of videos, visit our video library