Write-offs of uncollectible accounts receivable. Additionally, we make soft pretzels which are extruded or shaped by hand. At food service point-of-sale they are reheated and topped with a cinnamon sugar mixture. These products are sold in the Food Service and Frozen Beverages segments. &# xa0; We have several large customers that account for a significant portion of our sales. Machines and machine parts are sold to other food and beverage companies. Additionally, the Company has the international rights to the trademark ICEE. &# xa0; Competition Snack food and bakery products markets are highly competitive. We purchase these materials and energy mainly in the open market. We must hire, train and develop effective employees. The facility is leased through November 2030. The lease runs through June 2032. &# 500,000 shares were purchased under this plan with the last purchase in August 2017. Actual results could differ from those estimates. &# No services beyond an assurance warranty are provided to our customers. &# xa0; We do not grant a general right of return. However, customers may return defective or non-conforming products. Customer remedies may include either a cash refund or an exchange of the product. Bad debt expense is recorded in marketing and administrative expenses. Therefore no further analysis was required. &# Cash flow and sales analyses are used to assess impairment. Sales of biscuits and dumplings increased 12% to $28,317,000 for the year. Gallon sales were down 41% from last year exclusive of ICEE Distributors’ gallons. Administrative expenses were 3.60% and 3.43% of sales in 2020 and 2019, respectively. The amounts below have not been adjusted to reflect this reclassification. &# Overall food service sales to restaurant chains were down about 2% for the year. xa0; Accounts Payables increased 2% to $73,135,000 from $72,029,000 in 2019. &# We are actively seeking acquisitions that could be a significant use of cash. His term as a director expires in 2025. &# A copy of the Code of Ethics can also be found on our website at www.jjsnack.com. xa0; 31.3** Certification Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002. &# We believe that our audits provide a reasonable basis for our opinion. &# xa0; F- 10 J & J SNACK FOODS CORP. xa0; About 28% of our employees are covered by collective bargaining agreements. &# Accounts receivable outstanding longer than the payment terms are considered past due. Excluding this benefit, our effective tax rate in our fiscal 2020 year was 25.0%. &# The mutual funds presently generate income of about 5.0% per year. We use the specific identification method to determine the cost of securities sold. We were in compliance with the financial covenants at September 26, 2020. &# xa0; We have undistributed earnings of our Mexican and Canadian subsidiaries. These segments are described below. &# I have reviewed this report on Form 10-K of J & J Snack Foods Corp.; & 2.& & & & & Exercise Price Range 3 [Member] The third range of option exercise prices. Bakery [Member] Type of food service sales. Frozen Beverages [Member] Represents the Frozen Beverages segment. P .P #T) G$ /0D M "P,!(@ "$0$#$0\'_W0 $ C_Q $_ ! P($ @4\'!@@% PPS 0 "$0,$(1(Q!4%181,B7U5F9VAI:FML;6YO8W1U=G=X7 MI[?\'U^?W$0 " @$"! 4&!P/S1I2DA;25Q-3D]*6UQ=7E]59F=H:6IK;&UN;V)S=\'5V=WAYGM\\?_ 4E?+A MJG@=^WP]YGP^_IO7S2VI/34@HBRX6ALH$AT,\'50*PB"Y:H)@U780@-*&H2R ME+5TE+%!! % M(1/0=Y F )@QK\'_5\'QI\'R08,ISG!
