​Mark and Anthony Run a Catering Business

question 2

Multiple Choice

​Mark and Anthony run a catering business. Their fee for catering is $ 220 plus $ 20 per person. Their goal is to gross $ 4000 this month. Which of the following strategies would accomplish their goal?

• A) ​3 jobs with 30 people at each banquet and 2 jobs with 20 people at both banquets
• B) ​6 jobs with 22 people at each banquet
• C) ​2 jobs with 50 people at both banquets and 1 job with at least 68 people
• D) ​4 jobs with 30 people at each banquet
• E) ​5 jobs with 27 people at each banquet

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Definitions:

Technical Services

Specialized services that require technical expertise or skills, often provided in fields such as IT, engineering, or maintenance.

Fair Value

The selling price of an asset or the expense involved in handing over a liability during a regulated deal with participants in the market on the specified valuation date.

Carrying Amount

The book value of an asset or liability on a company's balance sheet, reflecting its original cost adjusted for any depreciation, amortization, or impairment costs.

Joint Operation

A business arrangement in which two or more parties undertake an economic activity that is subject to joint control.