Nathan is considered to be a franchiser. A franchiser is
being defined as someone who owns an overaching company or trademarks and
products in which they give a right to the franchisee to be able to run the
franchise’s location in which is agreed with a fee.
Answer:
D. $18,040
Explanation:
Given the above information,
Total revenue = Interest revenue + Service revenue
= $1,340 + $37,800
= $39,140
Total expenses = Depreciation expense + Insurance expense + Salary expense
= $1,800 + $2,300 + $25,100
= $29,200
Net income = Total revenue - Total expenses
= $39,140 - $29,200
= $9,940
Therefore,
Ending retained earning balance = Beginning retained earnings + Net income - Dividends
= $10,100 + $9,940 - $2,000
= $18,040
the answer would be about $100
