A strategic plan to achieve competitive advantage in the current fierce competition in the fast-food industry. The owner also wants to seek your advice about expanding the business – open three more shops in the coming five years. The owner has successfully applied the New Westminster Food Truck StrEAT Festival for the first time. The event is scheduled on July 25ª. Prepare a working schedule which includes a breakdown of essential activities. The owner provides the revenue generated since the start of the business and he wants a good forecasting model to estimate his monthly revenue thereafter. Revenue (in S000) Year 2019 Year 2020 Aug Sep 116| 120 Jul Oct Nov Dec Jan Feb Mar Apr 126 123 123 118 117 124 122 117 Point out some variables that could affect the revenue and suggest ways how the owner can increase the revenue. Further, suggest three other areas in which you think the owner could use forecasting models.

Lastly: Journalize the summary entry to record the completion of Vault Bank and Take Off Airlines campaigns for the month. Debit: Cost of services: ____________ Credit:                     Work in progress: ____________

Tami Tyler opened Novelty Creations, Inc., a small manufacturing company, at the beginning of 2021. Getting the company through its first two-quarters of operations placed considerable stress on Ms. Bridgton’s personal finances. The following income statement was prepared for the second quarter by a friend who has just completed a course in managerial accounting at a local community college.   Novelty Creations, Inc.Income StatementFor the Quarter Ended June 30, 2021 Sales (28,000 units)   $1,120,000 Variable expenses:     Variable cost of goods sold $462,000   Variable selling and administrative 168,000 630,000 Contribution margin   490,000 Fixed expenses:     Fixed manufacturing overhead 300,000   Fixed selling and administrative 200,000 500,000 Net operating loss   $(10,000)     Ms. Tyler was very unhappy over the loss shown for the quarter, particularly because she had planned to use the statement as support for a…

Identify factors in an ethical decision. Jim Sandrolini is an accountant for a local manufacturing company, Jim's good friend, Dan Carruthers, has been operating a retail sporting goods store for about a year. The store has been moderately successful, and Dan needs a bank loan to help finance the next stage of his store's growth. He has asked Jim to prepare financial statements that the banker will use to help decide whether to grant the loan. Dan has proposed that the fee he will pay for Jim's accounting work should be contingent upon his receiving the loan. Required: What factors should Jim consider when making his decision about whether to prepare the financial statements for Dan's store?