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ICE Princess25 [194]
3 years ago
5

Entrepreneurs are provided with what when starting a franchise?

Business
2 answers:
Neko [114]3 years ago
6 0
Established products. A franchise owner owns a branch of something that already exists. Take for example someone owning their own Starbucks store. They do not own the entire brand, they own one store with products that have already been established.
vladimir1956 [14]3 years ago
4 0

record book  ....................................................                                                                           .

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On April 1, the company retained an attorney for a flat monthly fee of $3,500. Payment for April legal services was made by the
nirvana33 [79]

Answer:

A. Adjusting Entries on April 30:

Debit Legal Services Expense $3,500

Credit Legal Services Expense Payable $3,500

To record April legal services expense.

Debit Notes Interest Expense $1,932

Credit Notes Interest Payable $1,932

To record accrued interest expense.

Debit Salaries Expense $5,600

Credit Salaries Expense Payable $5,600

To record 2 days salaries accrued.

B. Journal Entries during May:

May 3:

Debit Salaries Expense Payable $5,600

Debit Salaries Expense $8,400

Credit Cash Account $14,000

To record payment of salaries.

May 12:

Debit Legal Services Expense Payable $3,500

Credit Cash Account $3,500

To record the payment of legal services for April.

May 20:

Debit  Notes Interest Payable $5,787

Credit Cash Account $5,787

To record payment of interest on notes.

Explanation:

Adjusting entries are made at the end of an accounting period to record expenses and revenue that have accrued but are not yet paid or received.  They are also used to account for expenses and revenue made in advance.  The purpose is to ensure that the accounting records reflect the period's actual expenses and revenue incurred and earned.

8 0
3 years ago
Pedregon Corporation has provided the following information:
Ulleksa [173]

Answer:

$22,750

Explanation:

Data provided

Fixed manufacturing overhead = $16,500

Units produced = 5,000

Variable manufacturing overhead = $1.25

The computation of the total amount of manufacturing overhead cost is shown below:-

Manufacturing overhead = Fixed manufacturing overhead + Variable manufacturing overhead

= $16,500 + (5,000 × $1.25)

= $16,500 + $6,250

= $22,750

5 0
3 years ago
Which of the following statements regarding "Six Sigma" is TRUE? The Six Sigma program was developed by Toyota in the 1970s Six
mestny [16]

Answer:

The term has two distinct meanings–one is statistical; the other is a comprehensive quality system.

Explanation:

Here, the point fact states that it will take a six standard deviation from the mean for an error to happen.

Six Sigma evolved to define numerous ideas within the business sphere and is sometimes confusing. Firstly, it's a statistical benchmark. Any business process, which produces less than 3.4 defects per 1 million chances is said to be efficient. A defect is anything produced outside of consumer satisfaction. Second, it is a training and certification program, which teaches the core principles of Six Sigma. Practitioners may achieve the Six Sigma certification belt levels, ranging from white belt to black belt. Finally, it's a philosophy, which promotes the idea that all business processes can be measured and optimized.

5 0
3 years ago
Allison lives in the United States and has just retired. It is the end of October 2018. She has long had dreams of cruising the
Morgarella [4.7K]

Based on the weakened conditions of a currency exchange against the U.S. Dollar between 2008 and 2018, it would be advisable for Allison to go on a vacation for visiting Buckingham Palace in the United Kingdom.

<h3>What is the significance of currency exchange?</h3>

A currency exchange can be referred to or considered as the rate at which the currency of one country compares with the currency of any other country. U.S. Dollar is currently the strongest currency in the world.

When a comparison between the currencies like the American Dollar and Euros is done, it is found that there is a degrowth in the value of Euros against the dollars, and thus, vacation in such country will be cheaper for Allison to visit to.

Therefore, the significance regarding currency exchange has been aforementioned.

Learn more about currency exchange here:

brainly.com/question/13736607

#SPJ2

5 0
2 years ago
Read 2 more answers
Crane WaterWorks manufactures snorkel gear. During the past month, Washington purchased 4,130 pounds of plastic to use in its di
goldfiish [28.3K]

Answer:

Direct material price variance= $53.69 unfavorable

Explanation:

Giving the following information:

Actual purchase= 4,130 pounds of plastic

Actual cost= $5,972 (total)

The standard price for the plastic is $1.433 per pound.

The company used 4,060 pounds of the plastic to produce 18,500 dive masks.

To calculate the direct material price variance, we need to use the following formula:

Direct material price variance= (standard price - actual price)*actual quantity

Actual price= 5,972/4,130= $1.446

Direct material price variance= (1.433 - 1.446)*4,130= $53.69 unfavorable

5 0
3 years ago
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