what is the minimum length of time foodservice operations should keep their sales history records on file? select one: a. one mon
Answers
The minimum length of time foodservice operations should keep their sales history records on file is generally one year. This is because sales records are important for a number of reasons, including helping businesses track trends in customer demand, identifying popular menu items, and monitoring financial performance. The correct option b.
In addition, sales records may be needed for tax or regulatory purposes, so it's important for businesses to keep them on file for a reasonable period of time. While there is no legal requirement for how long sales records should be kept, most businesses opt to keep them for at least one year. Some businesses may choose to keep them for longer periods of time, particularly if they are trying to track long-term trends or if they anticipate needing the records for legal or regulatory purposes.
In some cases, businesses may choose to keep sales records for shorter periods of time, such as two months or one month. However, this can limit the ability to track trends and may not provide enough data to make informed decisions about menu offerings or business performance. Ultimately, the length of time that foodservice operations should keep their sales history records on file will depend on their individual needs and preferences. The correct option b.
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Note complete question provided here- what is the minimum length of time foodservice operations should keep their sales history records on file?
select one: a. two years
b- one year
c- two months -
d-one month.
Related Questions
100 points please help. let’s say eur/usd is trading at=1.1872. So if I have a forex account worth 100$ and I use a leverage of 1:100 I have 10000$ of buying power so if buy a mini lot of eur/usd. Do I only need to pay 10k or the quote price which would be 11872$ that I need to pay?
Answers
Answer:
With 100:1 leverage a trader can open a position 100 times greater than they could without leverage. For example, if the cost to purchase . 01 lots of EUR/USD is normally $1000 and the broker offers 100:1 leverage, then the trader must put up only $10 as margin.
Explanation:
During the first few months of operating a new business, the cash flow is usually:
positive
unknown
estimated
negative
Answers
The stock plan industry in North America is a $70 million per
year industry that started by giving away plans for free.
Group of answer choices
True
False
Answers
False.The statement is false. The stock plan industry in North America is significantly larger than $70 million per year.
It is a multi-billion-dollar industry that encompasses various services related to stock plans, including administration, consulting, software, and financial management.
Stock plans are commonly used by companies to offer equity-based compensation to their employees, such as stock s, restricted stock units, and employee stock purchase plans. These plans provide employees with an opportunity to share in the company's success and align their interests with shareholders.
While it is possible that some companies or organizations may have initially offered free stock plan services or resources as a promotional or introductory strategy, the overall stock plan industry is not based on giving away plans for free. It is a robust and profitable industry that involves professional services, software platforms, and specialized expertise to support companies in implementing and managing their stock plans effectively.
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Nepal is secular country
Answers
Answer:
Nepal is a secular state - True.
Subject to Internal Revenue Service (IRS) regulation, tax deductions may be claimed for...
A. Contribution of your time.
B. Cost of certain uniforms and their maintenance.
C. Expenses for which you have been reimbursed.
D. Depreciation for your dock.
Answers
eligible for tax deductions is the cost of certain uniforms and their maintenance. It is important for taxpayers to be aware of the specific rules and regulations governing tax deductions, and to consult with a tax professional if they have questions or concerns.
In the case of the four options provided in the question, only one of them is eligible for tax deductions. Let's examine each option in turn.
A. Contribution of your time: Unfortunately, the contribution of your time is not eligible for tax deductions. Even if you volunteer your time to a charitable organization, you cannot claim a tax deduction for the value of the time you spent.
B. Cost of certain uniforms and their maintenance: This option is eligible for tax deductions, but there are some important caveats. In order to claim a deduction for the cost of uniforms, the uniforms must be required as a condition of employment, and the taxpayer must not be able to wear the uniform outside of work. Additionally, any expenses related to maintaining the uniforms (such as dry cleaning costs) may also be eligible for deductions.
C. Expenses for which you have been reimbursed: If you have been reimbursed for expenses, you generally cannot claim a tax deduction for those expenses. This is because you have not actually incurred any out-of-pocket expenses in that case.
D. Depreciation for your dock: Depreciation is a tax deduction that allows taxpayers to recover the cost of certain assets over time. In the case of a dock, it may be possible to claim a deduction for depreciation over a period of years.
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Please help me answer these questions!!
1. Jon yanta’s sale exceeded the amount of his expenses (true or false)
2. Reducing expenses could improve the company’s results (true or false)
3. An increase in total revenue could result in net income (true or false)
4. Rent expense of $5,500 would have resulted in net income (true or false)
5. Supplies expense were not a significant portion of total expenses (true or false)
6. Selling more services would have no effect on the revenues (true or false)
7. An increase in prices could result in higher revenue but could also result in fewer sales (true or false)
Answers
Answer: 1st false
2nd true
3rd true
4th true
5th false
6th false
7th true
Please help in this question asap
Answers
Answer:
All of these
Explanation:
do I need to explain lol?? :]
Jackie has been selling gold rings for $50 each. her cost for the rings was $25. she learns that another store on the other side of the mall sells gold rings for $40. what information should jackie consider before deciding if she should change her price?
Answers
When adjusting the price of an established product, Jackie should have knowledge of the pricing considerations and strategies
What are the different types of pricing strategies?
There are 4 types of pricing strategies as follows :
Premium pricing strategySkimming pricing strategyValue pricing strategyPenetration pricing strategy.In the aforesaid scenario, Jackie will employ a value pricing approach, in which he will reduce the product's cost in order to attract buyers, hence increasing the product's perceived worth.
Thus,
Pricing strategies information should be considered before introducing any changes in the price of the product.
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about how long will it take Levi’s investment of $350 to double if it earns 14.5% simple interest?
A. 5 years
B. 6 years
C. 7 years
D. 8 years
Answers
Answer:
A. 5 years
Explanation:
Present value = $350
Future value = $700
Interest = 14.5%
Number of years = Nper (-Pv, Fv, I)
Number of years = Nper (-350, 700, 14.5%)
Number of years = 5.119080084
Number of years = 5 years
Please help Sunflowerssk i need you please Answer as fast as you can
What are examples of plagiarism? Choose Plagiarism or Not Plagiarism.
Answers
Answer:
option 1- plagiarism
option 2- not plagiarism
option 3- plagiarism
option 4- plagiarism
option 5- not plagiarism
option 6- not plagiarism
Explanation:
Plagiarism is using someone else's work without giving credit to the original or claiming it as your own.
Answer: There are the 6 answers for the answer key to each of the following "Plagiarism" or "Not Plagiarism" sentence statements based on the "True" or "False" statement:
For sentence statement #1: "Copying the text from a book or website word for word without using the quotation marks.", the option to this sentence statement is "Plagiarism". For sentence statement #2: "Taking the notes from the website.", the option to this statement sentence is "Not Plagiarism". For sentence statement #3: "Presenting the other's idea as your own without citing your sources.", the option to this sentence statement is "Plagiarism". For sentence statement #4: "Using a picture that you found on a website and presenting it as your own.", the option to this sentence statement is "Plagiarism". For sentence statement #5: "Using a famous picture in a presentation with the picture title, the artist name, and the date in the corner of the slide.", the option to this sentence statement is "Not Plagiarism". And last but not least is for sentence statement #6: "Using the facts from a website in a presentation and citing the source of this information.", the option to this sentence statement is "Not Plagiarism".Explanation: Here are the 5 important explanation reasons why you can't recommend yourself to use plagiarism:
Plagiarism means you steal and pass off someone else's creative ideas and claim your own work assignment as your own without giving the proper credit to the original. Plagiarism is serious consequences and is also a violation of the principles of academic integrity. Plagiarism could have more serious consequences: you could get a failing grade, the teacher will send you to the principal's office for dismissal, in-school or out-of-school suspensions, hour after-school detention or possibly an expulsion for receiving "F" for your own entirely class. Plagiarism also means stealing intellectual property. And last but not least is cheating is the same as plagiarism.I hope my explanation answer about the "Plagiarism" or "Not Plagiarism" Sentence Statement that is based on the "True" or False" Sentence Statement is very helpful to your own question and have a great day! :D
Sincerely,
Jason Ta,
The Ambitious of The Brainly And The Role of The TDSB And The WHCI Student of The High School.
a trade surplus occurs when select one: a. government revenue exceeds government spending. b. exports exceed imports. c. exports are less than imports. d. government spending exceeds government revenue.
Answers
The alternative option is option B. A trade surplus occurs when a country's exports exceed its imports. This means that the country is exporting more goods and services than it is importing, resulting in a positive balance of trade.
A trade surplus can have several benefits for a country, including increased economic growth, job creation, and improved balance of payments. It can also lead to an increase in the value of the country's currency and make it more attractive to foreign investors. However, a trade surplus can also have negative consequences, such as creating tensions with trading partners who may perceive the surplus as unfair. In order to maintain a trade surplus, a country may need to implement policies that promote exports, such as subsidies, tax incentives, and trade agreements. Overall, a trade surplus can be an indicator of a country's economic strength and competitiveness in the global market.
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Suppose you have three choices as to what to do for two hours on Sunday afternoon: work around the house, earning $3.50 an hour; baby-sit for your neighbor earning $10 an hour; or go to the movies and pay $6 for a ticket. You choose to go to the movies. What is your opportunity cost?
Answers
Answer:
the opportunity cost is in the case when you choose to go to the movies is $20
Explanation:
The computation of the opportunity cost is in the case when you choose to go to the movies is shown below:
= Earning per hour × number of hours
= $10 × 2 hours
= $20
Hence, the opportunity cost is in the case when you choose to go to the movies is $20
One of the following is against the business ethics. Find it.
a) Charging fair price for the product.
b) Giving wages to employees if by not considering their work load. c) Using correct measurement for products
d) Giving chances to hear the problems of employees.
Answers
The rule of law is important because it _______. In regard to governments, the rule of law _______.
BLANK 1:
protects citizens from crime and justice
helps reduce the number of Supreme Court cases
ensures that an innocent person is not accused of a crime
BLANK 2:
applies to them in only certain cases
applys to them equally
does not apply to them
Answers
Blank 2. Applies to them in only certain cases
black consulting company purchased equipment for $5,000. this amount is to be paid in 60 days. this transaction would be recorded with a credit entry to the account. multiple choice question. equipment expense equipment accounts payable cash
Answers
Equipment was purchased by a black consulting firm for $5,000. This sum must be paid within 60 days. A credit entry would be made to the accounts payable account to reflect this transaction.
Accounts Payable is what?The word "accounts payable" (AP) in accounting refers to the sums owed to suppliers or vendors for products or services that were paid for with credit. Accounts payable is the total of all amounts still owing by a company to its suppliers as of the end of the reporting period.
The cash flow statement will show an increase or decrease in total AP from the prior period. To safeguard your money and assets, avoid paying for false invoices, and keep internal controls in place, it's crucial to closely monitor your AP spending.
It's essential to keep your accounts payable process organized and efficient if you want to keep track of how AP affects your bottom line.
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i will give brainlest!!!
name 5 things that being a doctor requires
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According to contemporary investment theory it is safer to diversify your portfolio by selecting a variety of investments rather than choosing a single investment option. Using the problem solved in class add constraints so that each fund type is used for a minimum of 5% of the total portfolio. (the optimal solution should indicate to total annual return of 17.48%) Complete the same SolverTable by changing beta with the new model that incorporates the new constraints. Describe the differences between the two sets of SolverTable results. What is your conclusion about portfolio diversification as it relates to risk tolerance (changes in the beta)?
Answers
Answer:
A stock's beta measures its diversifiable risk relative to the diversifiable risks of other firms. a. True b. False A stock's beta is more relevant as a measure of risk to an investor who holds only one stock than to an investor who holds a well-diversified portfolio.
Explanation:
Cary was in her grocery store and saw a display for a new organic yogurt. she had not planned to buy it, but decided on the spot to buy one and try it. Cary's purchase represents?
Answers
Cary's purchase of the new organic yogurt in the grocery store represents an impulse purchase. An impulse purchase is when someone buys something on the spur of the moment without prior planning or intention to buy it. In this case, Cary was not planning to buy the yogurt but decided to try it after seeing the display.
Impulse purchases can be influenced by factors like curiosity, marketing strategies, or attractive displays.When Cary saw the display for the new organic yogurt in the grocery store, she had not planned to buy it. However, she made a spontaneous decision to purchase it and try it out.
This type of buying behavior is commonly referred to as an impulse purchase. Impulse purchases can happen when people are enticed by something unexpected or appealing, and they make the decision to buy it without much thought or planning beforehand. In Cary's case, the display for the new yogurt caught her attention, and she was curious to taste it, which led her to make the impulsive purchase.
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Which of the following is most likely to create a long-term trend?
A. Fashion
B. Entertainment
C. Television shows
D. Demographics
Answers
Demographics is most likely to create a long-term trend. Demographics is the study of the characteristics of human populations, such as age, sex, education, income, and race. The correct answer is option D.
These factors have a significant impact on consumer behavior, and thus, they can create long-term trends in the marketplace. As people age, their preferences change, and they tend to consume different products and services. For example, as the baby boomer generation has aged, there has been a trend towards products and services that cater to their needs, such as retirement communities, healthcare, and leisure activities.
Additionally, changes in education, income, and race can create new trends in consumer behavior. For example, if there is an increase in the number of people with higher education degrees, this could lead to a trend towards products and services that cater to their needs, such as high-tech gadgets, gourmet foods, and luxury vacations. Therefore, demographics is most likely to create a long-term trend. The correct answer is option D.
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Suppose real GDP is $5,098 billion, taxes collected by the government are $530 billion, government spending is $684 billion, and consumption spending is $3,781 billion. If this is a closed economy, what is the value of investment spending?
Answers
To calculate the value of investment spending, we can use the formula:
Y = C + I + G + NX
Where Y is the total output or real GDP, C is consumption spending, I is investment spending, G is government spending, and NX is net exports (exports minus imports). Since this is a closed economy, we can assume that net exports are zero. Therefore, the formula becomes:
Y = C + I + G
We are given that Y = $5,098 billion, C = $3,781 billion, G = $684 billion, and taxes collected by the government (T) = $530 billion. To calculate investment spending (I), we need to rearrange the formula:
I = Y - C - G
Substituting the values, we get:
I = $5,098 billion - $3,781 billion - $684 billion
I = $633 billion
Therefore, the value of investment spending in this closed economy is $633 billion. It is important to note that investment spending includes purchases of new capital goods, such as machinery, equipment, and buildings, by businesses and households. It is an important component of economic growth and can lead to increases in future production and output.
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because of emerging technologies, positions that sports properties are adding in the area of marketing operations are
Answers
Due to emerging technologies, sports properties are adding various positions in the area of marketing operations. Some of these positions include:
Digital Marketing Specialist: With the rise of digital platforms and social media, sports properties are hiring specialists who can develop and implement digital marketing strategies.
These specialists focus on leveraging digital channels to engage with fans, promote events, create content, and drive revenue.
Data Analyst: The availability of data analytics tools and technologies has led to the demand for data analysts in sports marketing operations.
These professionals analyze fan data, ,campaign metrics and market trends to provide insights and optimize marketing strategies. They help sports properties make data-driven decisions and maximize their marketing effectiveness.
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Refer to the market graph shown above. A black market where the price is $2.00 could result from price:
a. Ceiling set at $2.50
b. Ceiling set at $1.50
c. Floor set at $1.50
d. Floor set at $2.00
Answers
Take a look at the market graph above. A pricing Floor set at $1.50 could lead to a black market where the cost is $2.00. Here option C is the correct answer.
A. Ceiling set at $2.50: If the government sets a price ceiling at $2.50, it means that sellers cannot legally sell the product above that price. Since the black market price is lower than the ceiling, it implies that sellers are willingly offering the product at a lower price than what is legally allowed. Therefore, this option is not the cause of the black market price.
B. Ceiling set at $1.50: If the government sets a price ceiling at $1.50, it restricts sellers from selling the product above that price. However, since the black market price is higher than the ceiling, it suggests that sellers are operating outside the legal framework and offering the product at a higher price. Hence, this option is also not the cause of the black market price.
C. Floor set at $1.50: If the government sets a price floor at $1.50, it means that sellers cannot legally sell the product below that price. Since the black market price is higher than the floor, it indicates that sellers are voluntarily offering the product at a higher price than what is legally required. Therefore, this option is not responsible for the black market price.
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Mohammad was an employee in the new product development department of Estay Inc. Mohammad was directly involved in the development of a new product that Estay intended to launch in 6 months. Estay took great care to keep information concerning the new product a secret. Ceries, Inc., a competitor of Estay, persuaded Mohammad to leave Estay to direct Ceries' marketing department. Which statement is correct
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An economist plays two roles: scientist and policy advisor. As scientists, economists explain the world, and as policy advisors they help improve the world. Because these two roles have different goals, they require different types of language. Economists as scientists make positive claims, whereas economists as policy advisors make normative claims.
In your initial post, begin by briefly introducing yourself, including your program of study and career interests. Then address the following:
Explain the difference between positive and normative analysis.
Provide an example of a normative statement or an example of a positive statement from a recent news story.
For your response posts, select two or more initial posts that contain different current news examples (normative versus positive), and contrast your example with those of your peers. What makes the examples different? How do those differences relate to the different roles that an economist plays as a scientist and policy advisor?
Answers
Economists are scientists who explain the world, and they also serve as policy advisers who advance humankind. These two jobs need different kinds of language since their objectives are different. The assertions made by economists as scientists are positive, whereas the statements made by economists in their capacity as policy advisers are normative.
What is the main visions and thoughts of these two professional groups?
Economists take on the role of policymakers when they try to make the world a better place. Positive and normative statements both describe the world as it is and how it should be, respectively. Positive claims can be supported or disproven by facts.Macroeconomists research past patterns in the whole economy and make predictions about future patterns in variables like investment, inflation, economic growth, and variables like unemployment and inflation. Financial economists research the functioning of the financial sector, including the impact of escalating interest rates.To know more about Economy here
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The elements of products that may be changed to meet customer needs are features, usage, and ____
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The elements of products that may be changed to meet customer needs are features, usage, and design.
What are the elements of products?Design: The physical appearance and functionality of the product can be altered to better suit customer preferences and needs.
Features: The specific features of the product, such as size, weight, and connectivity, can be modified to better match customer requirements.
Quality: The quality of materials used in the production of the product and the manufacturing processes used can be improved to meet customer expectations.
Price: The price of the product can be adjusted to better match customer budgets and purchasing power.
These elements can be modified based on customer feedback and market research to ensure that the product meets customer needs and expectations.
Therefore the statement that filled the gap is design.
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Which of these describes when people trust online reviews of their companies more than what companies communicate group of answer choices?
Answers
The “ Glassdoor ” effect (when people trust online reviews of their companies further than what companies communicate) and the effect of trust when hand dispatches go viral on social media.
Reviews impact hunt machine results by enabling your business to rank advanced the more frequently your business are mentioned online. Reviews increase the brand trust your guests and implicit guests have. Reviews offer an excellent opportunity to resolve a client's problem and ameliorate business practices. The culture of compliance refers to when people trust online reviews of their companies further than what companies communicate.
The Glassdoor effect highlights the importance of maintaining a positive company culture and treating employees well, as this can significantly impact a company's reputation and success.
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Which of these describes when people trust online reviews of their companies more than what companies communicate group of answer choices?
A. The #MeToo movement
B. The culture of compliance
C. The polarizing times
D. The "Glassdoor" effect
The winner of a $140 million lawsuit, terry bollea is better known by what name?.
Answers
step-by-step
A cash cow type of business Multiple Choice generates unusually high profits and returns on equity investment. is so profitable that it has no long-term debt. generates positive cash flows over and above its internal requirements, thus providing a corporate parent with cash flows that can be used for financing new acquisitions, investing in cash hog businesses, funding share buyback programs, and/or paying dividends. is a business with such a strong competitive advantage that it generates big profits, big returns on investment, and big cash surpluses after dividends are paid. has good strategic fit with a cash hog business.
Answers
Answer:
generates positive cash flows over and above its internal requirements, thus providing a corporate parent with cash flows that can be used for financing new acquisitions, investing in cash hog businesses, funding share buyback programs, and/or paying dividends.
Explanation:
In Economics, a cash cow business produces large internal cash flows over and above what is needed to build and maintain the business. On the other hand, the internal cash flows of a cash hog business are too small to fully fund its operating needs and capital requirements.
Hence, a cash cow type of business generates positive cash flows over and above its internal requirements, thus providing a corporate parent with cash flows that can be used for financing new acquisitions, investing in cash hog businesses, funding share buyback programs, and/or paying dividends. Some examples of cash cow businesses are coca-cola, kellogg's corn flakes, Apple's iPhone, Microsoft Windows, Ford trucks, etc.
Star company prepared the following sales budget for the second quarter. Projected sales for each of the first three months of operations are as follows: sales budget april may june cash sales 30,000 43,000 55,000 sales on account 370,000 432,000 405,000 400,000 475,000 460,000 star co. Expects to collect 70% of the sales on account in the month of sale, 20% in the month following the sale, and the remainder in the second month following the sale. What is the ending accounts receivable balance that would be reported on the pro forma balance sheet prepared as of june 30?.
Answers
When making the cash budget, the budget for cash receipts is included. All cash receipts from both cash sales and accounts receivable collection are tracked in this report.
A) $164,700 The problem stipulated that the following items should be collected:
70% in the month of the sale, 20% in the month following, and 10% in the second month following the sale.
The April sales will all be collected until June in accordance with this schedule. However, at the end of June, a portion of the credit sales from May and June will not have been collected. 70% and 20% of the 432,000 credit sales in May will be collected in May, respectively. As a result, the remaining 10% will be collected in July and regarded as accounts receivable at the end of June. In addition, June will see the collection of 70% of credit sales, with the remaining 20% coming in July and 10% in August. As a result, accounts receivable will account for 30% of June's credit sales.
At the end of June, the accounts receivables will be:
May Credit Deals (432,000*10%) (a) 43,200
June Credit Deals (405,000*30%) (b) 121,500
Accounts Receivables as of Une 30 (c=a+b) 164,700
The records receivables as of June 30 added up to $164,700.00.
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Metrix Pty Ltd (Metrix) is a large private company established in 1976 by Mario Le
Mesurier and Stephen Adam. The two were carpenters and built up the company to
be the preeminent home building company in Australia. The company focuses only
on building residential homes. They do not build commercial buildings.
The company has the following directors and senior officers:
Mario Le Mesurier Chairperson
Stephen Adam: Managing director
Li Ma: Chief Financial Officer
Suren Chandra: Construction director
Victoria Moser: Design director
Joshua Leong: Purchasing director
Ali Ahmed: Senior safety and welfare manager
Kathy Di Mella: Senior architect
Mario, Stephen and Li have asked for the meeting because they have the following
issues, they would like advice on.
Issue 1:
The company since January 2021 has been losing money on housing contracts due
to the increase in building materials, the labour shortage and the nature of the
contracts with customers. Currently to complete 58 housing contracts the company
would make a loss of $3,653,000 in total. The reason for this was that these
contracts were fixed price contracts and did not envisage the impact of COVID on
supplies and labour.
The financial statements prepared by Li show that this would result in the company
for the year ended 30 June 2022 making a trading loss of $11,200,000.
Other factors attributing to the estimated loss are rental costs, operating expenses
and the cost of funding the construction of a new head office building in Mitcham.
The company currently has retained earnings as at 1 July 2021 of $15,864,372 and
after the estimated trading losses of $11,200,000 for 30 June 2022, this would leave
Metrix with accumulated profits of $4,664,372. Metrix is also facing pressure from its
contractors to pay them for their materials and services. The outstanding creditors
are $18,328,789. Some are secured over the new head office, building supplies but
many are unsecured.
The shareholders funds of Metrix consist of:
Authorised share capital (ordinary) $12,000,000
A class preference shareholders $8,000,000
Retained earnings $4,664,372
Total shareholders funds of the Metrix as at 30 June 2022: $24,664,372
The directors are mindful of the need to retain funds for working capital and estimate
the company needs working capital of at least $6,500,000.
Issues they seek advice on:
1. Is there a profit at law from which the directors of Metrix can pay a dividend if
they wish to do so? The board of directors of Metrix has had a history in the
past of paying dividends each year of approximately 15% of the retained
earnings of the company at the end of the year.
2. If they do decide to pay a dividend of 15% of retained earnings, would you
recommend it or not?
Answers
While there are accumulated profits available for potential dividend payment, the directors should carefully assess the company's financial position, outstanding obligations, and future needs before making a decision. Consulting with financial advisors and conducting a detailed analysis would help ensure a well-informed choice regarding dividend distribution.
1. Profit at Law for Dividend Payment:
To determine if there is a profit at law available for dividend payment, the directors of Metrix need to assess the company's retained earnings. As of July 1, 2021, Metrix has retained earnings of $15,864,372. However, considering the estimated trading losses of $11,200,000 for the year ending June 30, 2022, the remaining accumulated profits would be $4,664,372. This amount represents the potential profit available for dividend distribution.
2. Recommendation on Dividend Payment:
The decision to pay a dividend should take into account several factors, including the company's financial situation, working capital requirements, and future prospects. Given the estimated trading losses, outstanding creditors amounting to $18,328,789, and the need for at least $6,500,000 in working capital, caution is advised when considering a dividend payment.
It would be prudent for the directors to carefully evaluate the company's ability to meet its financial obligations, maintain sufficient funds for ongoing operations, and navigate the challenging market conditions. Consulting with financial advisors and conducting a thorough financial analysis is recommended before deciding on a dividend payment.
Considering the current circumstances and financial challenges faced by Metrix, it may be more appropriate to prioritize the retention of funds for working capital and debt repayment. This would help ensure the company's stability and ability to weather the difficulties it is currently facing.
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