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FromTheMoon [43]
3 years ago
13

Jimenez transportation purchased five new transportation vehicles in 2016. they plan to pay these vehicles off in even installme

nts over the next 8 years. on the 2017 year-end financial statements, how would the amount jimenez plans to pay off in 2018 differ from the amount they plan to pay off in 2019
Business
1 answer:
Soloha48 [4]3 years ago
6 0
<span>The amount paid off in 2018, being planned for the upcoming year, would be considered a current liability. Since the 2019 payoff amount comes outside the 1-year window, this would be a long-term liability. Long-term liabilities are much less stable in their timeframe than current liabilities.</span>
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A con of buying a franchise is limited business control and creativity.

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Purchasing a franchise has it's advantages and disadvantages.One major advantage is; since buying a franchise involves buying the right to use a company's name, this is beneficial since there is a ready-made business operation. On the other hand, franchise has also a disadvantage. The major disadvantage of buying a franchise is that there is no business control since one has limited creativity with the product. The franchise always has a certain in built brand, limiting the ability of the person buying the franchise to be creative with adding or taking from the franchise.

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