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1 year ago

A franchisee pays a sum of money to a franchisor called a _____ for the right to open a franchise.

1 answer:

8 0

A franchisee pays a sum of money to a franchisor called a master franchise agreement for the right to open a franchise.

Franchise royalties are usually accumulated via your franchisor on a monthly basis. Like advertising fees, those charges are based totally on a percentage of your sales. but there is one principal difference; the odds are higher.

The Federal exchange fee governs franchising felony requirements inside America. below the FTC Franchise Rule, this is referred to as the initial charge. different regular prices are royalties and advertising costs.

The franchise we buy will become an intangible asset that goes in your enterprise stability sheet and is recorded as a noncurrent asset, consistent with Reference for business. this is generally written off as a fee to your balance sheet and impacts your backside line when it comes to taxation.

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The journal entry to transfer completed products from production to finished goods inventory includes which two of the following

Talja [164]

Answer:

Debit finished goods inventory

Credit Work in Process Inventory

Explanation:

The journal entry that is required to transfer the completed products from the production stage to finished goods inventory which is the amount of goods in the inventory that have been produced and as well is available and ready for customer to buy will includes to Debit finished goods inventory and to Credit Work in Process. Inventory

Debit finished goods inventory

Credit Work in Process Inventory

(Being to record finished goods inventory)

7 0

3 years ago

Development that considers both current and future needs is referred to as______ development

andrey2020 [161]

Answer:

Sustainable

Explanation:

Sustainable development is involves utilization of resources to achieve our goals both in present and the future goals, Sustainable development can be categorized as

✓environmental

✓human

✓ social

✓economic

It should be noted that Development that considers both current and future needs is referred to as sustainable development

7 0

3 years ago

Bond Corporation issues 5,000, 10-year, 8%, $1,000 bonds dated January 1, 2017, at 103. The journal entry to record the issuance

Darya [45]

Answer and Explanation:

The journal entry to record the issuance of the bond is as follows:

Cash Dr (5,000 × 103) $515,000

Discount on bond payable Dr $4,485,000

To Bond payable (5,000 × $1,000) $5,000,000

(Being the issuance of the bond is recorded)

Here cash and discount on bond payable is debited and credited the bond payable

5 0

2 years ago

Freeman and Associates is a medium-sized construction company specializing in high-end custom homes. The bookkeeper handles al

ololo11 [35]

Answer:

Answer is a.

Explanation:

The key word here is "streamlined" system. The aim here is to make the company more efficient and effective by employing faster or simpler working methods, which many times means utilizing more technology or software. So we need to focus on automating a task and eliminate any type of human intervention. As a result we have to integrate the modules in the financial system.

3 0

3 years ago

Kaiser Industries has bonds on the market making annual payments, with 14 years to maturity, a par value of $1,000, and selling

9966 [12]

Answer:

The Coupon rate is 11.66%

Explanation:

Yield to maturity is the annual rate of return that an investor receives if a bond bond is held until the maturity.

Face value = F = $1,000

Selling price = P = $1,382.01

Number of payment = n = 14 years

Bond Yield = 7.5%

The coupon rate can be calculated using following formula

Yield to maturity = [ C + ( F - P ) / n ] / [ (F + P ) / 2 ]

7.5% = [ C + ( $1,000 - 1,382.01 ) / 14 ] / [ ( $1,000 + $1,382.01 ) / 2 ]

7.5% = [ C - $27.29 ] / $1,191

7.5% x $1,191 = C - $27.29

$89.33 = C - $27.29

C = $89.33 + $27.29 = $116.62

Coupon rate = $116.62 / $1,000 = 0.11662 = 11.66%

4 0

3 years ago