Answer:
Sonic sells the rights to use the business name and sell its products and services to others in a given territory. This arrangement is called a franchise agreement.
Explanation:
The franchise agreement can simply be described as a legal agreement for binding of two or more companies. The agreement carries all the terms and conditions under which the two companies will work together. In such a kind of agreement, the owner of a business gives the rights of using the company name to another person or another company. The other company also gets the rights to sell products under the name of that company. In return, they agree to pay a commission or a part of their revenue as franchise fees.
Answer: D inventory conversion period
Explanation:
Inventory conversion period reports us about the average time to convert our total inventory into sales. It is relationship between total days in year and inventory turnover ratio. In other words, it measures the length of time on average between the acquisition and sale of merchandise.
Based on writing standards, the inquiry letter for purchase should begin with the sender's address and be written like a formal letter.
<h3>Structures of Letter of Inquiry.</h3>
- The sender's address should be written at the beginning of the letter, followed by the receiver's address.
- The letter must contain all the elements of the enquiring item, including their quantities.
- There must be the date and address of the receiver included.
- The letter's subject must be written clearly before the letter's content.
- Ensure you provide the expected salutation at the beginning of the letter.
- Write clearly and straightforward.
- Provide reasons and inquiry descriptions.
- Add your signature, name, and designation at the end of the letter.
Hence, in this case, it is concluded that there are specific ways to write a good inquiry letter.
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Answer:
A) skewed to the right with a mean of $4000 and a standard deviation of $450.
Explanation:
While the days are picked at random, the size of the sample is enough to represent the reality. Among the random pick those days of football game will be picked too and will skewed to the right the distribution
The distribution will not change into normal as the reality is that distribution of revenue is not normally distributed among the days of the year.
Answer:
Errors, fraud, and noncompliance with laws with a direct effect on financial statement amounts.
<h3>
How does the auditor obtain reasonable assurance?</h3>
- In order to obtain reasonable assurance, the auditor shall obtain sufficient appropriate audit evidence to be able to draw reasonable conclusions on which to base the audit opinion.
- Reasonable assurance is obtained when the auditor has thereby reduced audit risk to an acceptably low level.
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