Answer:
The Sales and data of purchases is not given for April.As a result, only inventory gain/(loss) shown in workings
Explanation:
The working is attached for easy calculation and understanding.
Answer:
The Journal entry is as follows:
Bonds Payable A/c Dr. $640,000
Premium on Bonds Payable A/c Dr. $19,200
To Gain on Redemption of Bonds $25,600
To Cash $633,600
(To record the re-acquisition of the bonds)
Working notes:
Cash = $640,000 × 0.99
= $633,600
Answer: The correct answer is B; <em>avoid unethical behavior regardless of the consequences. </em>
Explanation:
When a person uses unethical behavior and doesn't care about the consequences, the person can lose their job. They may also lose all credibility in their community. An employer can lose many things because of this behavior including morale, also credibility, and lose money. By avoiding this behavior, Ryland is doing the right thing even though he may make someone upset.
Answer:
B. trademark franchise
Explanation:
-Business format franchise is when the franchisee gets a business with the name and trademark of the franchisor and has to follow the guidelines established, for example, a restaurant's franchise.
-Trademark franchise is when the franchisee gets the permission to distribute the product but uses its business format.
-Manufacturing franchise involves the permission to produce a product to sell it to the customer or retailers.
-Management franchise requires that the owner supervises the operations but he/she doesn't have to be in the daily activities. The franchisee should be someone with management experience to handle the business successfully.
According to this, the answer is that the franchise model that David's business follow is trademark franchise because he gets the manufacturers permission to sell their products on his own footwear chain.
Answer:
B. If the marginal benefit of the good is greater than the marginal cost
Explanation:
Marginal benefit is the incremental benefit derived from producing an extra unit of a good. Marginal cost is the incremental cost of producing an additional unit of the good.
When marginal benefit is greater than its marginal cost, the excess of marginal benefit over marginal cost shows that the product is beneficial to society so an extra unit of the good should be produced and consumed.
