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: $8,400
Explanation:
Tax liability for a year is computed on the nominal capital gain as of that year not the inflation-adjusted gain. As such, should the asset be sold today, the capital gains tax of 28% will be computed on the capital gain of $30,000 in the following manner;
= 28% * 30,000
= $8,400
Answer:
The gross profit margin for the cat condo is 50%
Explanation:
Since the gross profit per unit is not given, so first we have to find it. The calculation is shown below:
= Selling price per unit - Direct materials cost per unit - direct labor costs per unit - Manufacturing overhead per unit
= $90 per unit - $15 per unit - $10 per unit - $20 per unit ( $10 per unit × 200%)
= $45 per unit
Now apply the Gross profit formula which is shown below:
= (Gross profit per unit ÷ selling price per unit) × 100
= ($45 per unit ÷ $90 per unit) × 100
= 50%
Answer:
This presentation helps you choose which of the five health insurance options works best for your family.
Explanation:
In this instance the most appropriate statement will be one that helps the employee choose the best plan for themselves.
A statement with the you voice and language that is simple to understand will be best.
The statement - This presentation helps you choose which of the five health insurance options works best for your family. Best embodies these traits that will attract employees to the fair
Answer:
C) $100,000
Explanation:
Based on the information given we were told
that the inventory Purchased by Pilfer from
Scrooge was RESOLD to companies that they are unaffiliated to on December 1, 20X8 for the amount of $100,000 which means that the amount of sales that will be reported in the 20X8 CONSOLIDATED INCOME STATEMENT
will be inventory amount of $100,000 that was resold to the unaffiliated companies.
