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vodomira [7]
3 years ago
14

The income statement for the year ended December 31, 2020, for Sandhill Manufacturing Company contains the following condensed i

nformation. SANDHILL CO. INCOME STATEMENT Revenues $ 6,559,000 Operating expenses (excluding depreciation) $4,973,000 Depreciation expense 875,000 5,848,000 Income before income tax 711,000 Income tax expense 319,950 Net income $ 391,050 Included in operating expenses is a $22,000 loss resulting from the sale of machinery for $265,000 cash. The company purchased machinery at a cost of $753,000. Sandhill reports the following balances on its comparative balance sheets at December 31. SANDHILL CO. COMPARATIVE BALANCE SHEETS (PARTIAL) 2020 2019 Cash $624,550 $131,500 Accounts receivable 780,000 621,500 Inventory 843,500 869,000 Accounts payable 529,000 508,000 Income tax expense of $319,950 represents the amount paid in 2020. Dividends declared and paid in 2020 totaled $195,000. Prepare the statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthes
Business
1 answer:
suter [353]3 years ago
3 0

Answer: the answer is idk

Explanation: i need points

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In a nutritious diet, the foods provide sufficient quantities of essential nutrients, fiber, and energy to maintain health and b
Sedbober [7]

Answer:

b. balance

Explanation:

According to my research on studies conducted by various nutritionists, I can say that based on the information provided within the question this principle of diet planning is called balance. This is the process of choosing different ingredients or foods that give you all the necessary essentials needed to maintain a balanced health and body weight.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

7 0
4 years ago
What are the costs associated with operating a franchise.
Debora [2.8K]
7 Common Costs Associated with Operating a franchise

Exactly how much a franchise costs is different for every franchise company out there, but most of them have similar startup costs. While the franchisor will help you with some of these costs — maybe through deals it has with preferred vendors or by lending you the money — the onus will be on you to come up with the funds on your own. And it’s not just funds to build and open your franchise, you will also need funds to run it until it becomes profitable.

Let’s take a look at some of the most common costs associated with opening a franchise.

Franchise Fee

When opening a franchise, it’s important to remember that you are essentially “renting” the brand from the franchise. That brand comes with a lot of support and recognition, but you still have to pay for the privilege of being associated with it.

Franchise fees can be as little as $20,000 or as much as $50,000 or even more. The amount of the fee usually depends on how much you have to do to get the franchise up and running. Franchises that require you to build a location will be more than a mobile or home-based franchise, for example.

Your fee will usually cover the cost of your training and site selection support, hence why the fee is higher for businesses that require a location. Exactly what the fee covers is different for each franchise. Sometimes it will just act as a licensing fee for the rights to use the brand. When you are doing your initial research, be sure to find out exactly what your franchise fee covers.

Legal and Accounting Fees

These fees are on you, of course, but they are well worth it. Any person who is considering purchasing a franchise should absolutely consult with an attorney who is familiar with franchise law. The attorney you hire can review the franchise disclosure document with you and go through the franchise agreement to make sure it’s fair.

Each attorney will charge differently for this and it will largely depend on how much time your attorney has to spend on the documents, but you’ll probably have to budget between $1,500 and $5,000 for this.

It’s also a good idea to start working with a qualified accounting firm as soon as you decide to purchase a franchise. An accountant can help you set up your books and records for the company and can also help you determine how much working capital you’ll require to get your business set up and have it run until it becomes profitable.

Working Capital

Speaking of working capital, this is the amount of cash that is available to a given business on a day-to-day basis. It’s crucial to have enough working capital to cover a given length of time. This could be just a few months, or it could be a few years. It depends on how much time the business will need to start bringing in enough revenue for it to run.

Franchisors do generally provide an estimate of how much working capital you’ll require, but you should back this up with your own research and do your own calculations with the help of your accountant. Talk to other franchisees in the system about how much they needed.

Build-Out Costs

Build-out costs include constructing the building and purchasing all the furniture, fixtures, equipment, signage and anything else related to the building such as architectural drawings, zoning compliance fees, contractor fees, decor, security, deposits, insurance and landscaping. Your franchisor will give you an estimate of build-out costs, which vary widely between franchises.

If you choose a home-based franchise, obviously there will not be any buildout costs associated with it, but there may be other expenses like vehicles.

Supplies

These are all the things you require to run your franchise. Restaurants will need food, of course, but they also need plates, cutlery and napkins. Other franchises will need different things to offer their services. Your franchisor can give you a list or estimate of what you will need to run your franchise.

Inventory

If you are purchasing a retail franchise or some other kind of franchise that sells products, you will need inventory. This is another cost that will vary widely between franchises, but your franchisor should be able to help you with estimates. You might have to purchase between $20,000 and $150,000 worth of inventory depending on the business.

Travel and Living Expenses During Training

Franchisors will provide training for franchisees and often the franchisee’s management team. While the training itself is usually covered by the franchise fee, the travelling and living expenses to go to a franchise’s headquarters for that training may not be covered. Often, training runs from a few days to a week or so and is followed up with more training back at the franchisee’s location.

You’ll want to determine whether travel and accommodation are covered by your franchisor and, if not, work out how much the training related expenses will cost you.
5 0
2 years ago
ABC Mechanics charges an estimate fee of $100 plus $40 per hour, x, in labor. XYZ Mechanics charges an estimate fee of $65 plus
Dima020 [189]

Answer:

5 hours  would work! Hope it helps!

Explanation:

100 off top!

40 in labor for each hour

40 times 5 is 200

so that would cost 300

for xyz

65 off top and 50 in labor for each hour

5 times 50 is 250

250 plus 65 is 315 !

7 0
3 years ago
Real estate brokers and their salespersons facilitate __________ by promoting the sale/lease of property, providing information
Alex73 [517]

Answer:

The correct answer is Transferability.

Explanation:

The term of transferability indicates the speed with which competitors can mimic the processes on which a company's competitive advantage is based. It also refers to the ease of certain raw materials to be taken from one place to another.

3 0
4 years ago
Mark and Riley live in Orlando and decide to open a souvenir shop. They incorporate their shop, Sunshine Gifts, Inc., in the sta
Nesterboy [21]

Mark and Riley live in Orlando and decide to open a souvenir shop. They incorporate their shop, Sunshine Gifts, Inc., in the state of Florida. In Florida, Sunshine Gifts would best be characterized as A domestic corporation.

<h3><u>What are domestic corporations ?</u></h3>
  • A domestic corporation is a business that operates within its own nation.
  • A domestic business may have to pay tariffs or other fees on the goods it imports and is frequently subject to different taxation than a non-domestic firm.
  • In most cases, a domestic corporation that has filed its articles of incorporation can readily conduct business in other states or regions of the nation.

To view more questions about domestic corporation, refer to: brainly.com/question/800904

#SPJ4

8 0
2 years ago
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