As applicable in your calculations, use the following method…

As applicable in your calculations, use the following methods for rounding purposes: do not round any required intermediate calculated values round final answers to the nearest whole dollar Picacho Party Planners (Picacho) offers small to medium-scale local event planning services, including day-of set-up, tear-down, and catering. Each event on average requires food for 100 attendees that Picacho can either make in-house or purchase from a third-party supplier at $7,500 per event. Current demand averages 50 events annually. If Picacho does not outsource food preparation, commercial kitchen space with all necessary equipment included will need to be leased costing $86,000 per year. A new chef and kitchen staff will also have to be hired, representing cumulative salaries and benefits of $220,000 per year. Additional incremental cost information to prepare meals to meet average event demand internally is as follows: Important: please do not use commas, spaces, $ signs, or any other punctuation in your answers. Express all numeric answers as positive values, regardless of calculations. Part III. Question 3: What would be the annual net incremental benefit to Picacho to select the option that is most advantageous to them (i.e. minimizes costs)?  _______

Thomas Corp issued 700 shares of no-par common stock for $7,…

Thomas Corp issued 700 shares of no-par common stock for $7,700. Which of the following journal entries would be made if the stock has a stated value of $2 per share? a.    Cash    7,700                      Common Stock                     7,700 b.    Cash    7,700                      Common Stock                                                       1,400                      Paid-in Capital in Excess of Par                     6,300 c.    Cash    7,700                      Common Stock                                                                            1,400                      Paid-in Capital in Excess of Stated Value                     6,300 d.    Common Stock    7,700                      Cash                         7,700