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Cloud [144]
3 years ago
13

TopChop sells hairstyling franchises. TopChop receives $50,000 from a new franchisee for providing initial training, equipment,

and furnishings that have a stand-alone selling price of $50,000. TopChop also receives $30,000 per year for use of the TopChop name and for ongoing consulting services (starting on the date the franchise is purchased). Carlos became a TopChop franchisee on July 1, 2021, and on August 1, 2021, had completed training and was open for business. How much revenue in 2021 will TopChop recognize for its arrangement with Carlos?
Business
1 answer:
Brut [27]3 years ago
3 0

Answer:

$65,000

Explanation:

Under accrual method of accounting, the revenue is recognized when the same is accrued to the concern.

The revenue of $30,000 will be recognized from the starting on the date the franchise is purchased.

Hence, $30,000 will be recognized from July 1, 2021 upto to Dec 31, 2021 i.e. for half of the year.

Amount of revenue recognized by Top Chop in 2021 for its arrangement with Carlos:

= Amount receives from initial training + Amount receives from using name of the company

= $50,000 + ($30,000 ÷ 2)

= $65,000

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A friend and fellow student shares her employment experience over the last 12-week summer break. It took her one full week to fi
Inessa05 [86]

Answer: 1. 12. 2. 1.090. 3. 0.08327

Explanation:

Here is the complete question:

friend and fellow student shares her employment experience over the last 12-week summer break. It took her one full week to find a job. She started on the first day of week two and was able to keep her job for the remaining eleven weeks. Use this information to answer the following three questions, assuming the unemployment rate is not changing:

1. Calculate the rate of job finding (f) for the summer, using an average rate per week. Enter this value in the box below. Note that if f is the rate of job finding, then the average spell of unemployment is (1/f).

The value of f is:

2. Calculate the rate of job separation (s), using an average rate per week. Enter this value into the box below. Note that if s is the rate of job separation, then the average length of employment is (1/s).

The value of s is:

3. Calculate the natural rate of unemployment (U) using the above results and enter this value in the box below.

The natural rate of unemployment (in percent) is

1. From the question, we can see that it was said that took her one full week to get a job over the last 12 week summer break. The unemployment rate will be 12.

The value of f is: 12

2. From the question, the average length of the employment is 11/12 weeks. The rate of job separation will be: s = 12weeks ÷ 11 weeks

s = 1.090

The value of s is: 1.090

3. The natural rate of unemployment will be:

U = s/(s+f)

= 1.090/(1.090 + 12)

= 1.090/13.090

= 0.08327

3 0
3 years ago
Egypt, whose economy has been struggling since 2011, recently received a $12 billion loan from what 189-member global organizati
Strike441 [17]
It is the IMF or <span>The </span>International Monetary Fund<span> approved a $12 billion loan for </span>Egypt<span> on Friday, in a move intended to stave off economic collapse in the Arab world’s most populous nation as it grapples with a plunging currency, soaring inflation and shortages of staple foods</span>
6 0
3 years ago
Thousands of developers, lenders, and investors were victims of deflation in commercial real estate beginning in the:?
exis [7]

Thousands of developers, lenders, and investors were victims of deflation in commercial real estate beginning in the 1980s and in 2007-2009.

  • Private property in the form of land and buildings is referred to as real estate. Real estate comprises all resources on the land, such as water and minerals, and can be used for residential, commercial, or industrial purposes.
  • Homes, workplaces, retail establishments, healthcare facilities, farms, and other structures are all instances of real estate. Real estate includes both the undeveloped area outside of our city and the road that takes us there. Due to the fact that the asset is tangible by nature, many individuals like working with and investing in it.

To know more about Real estate visit:
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7 0
2 years ago
Most people have at least five years of experience in an office before becoming:
elena-14-01-66 [18.8K]

<h2>To become a Manager one must have at least five years of experience.</h2>

Explanation:

Subject-matter expert:

  • Any person who has completed UG or PG can become subject-matter expert.
  • Only thing the knowledge in a particular subject will be assessed during the various interview process.
  • This is enough to become a SME

Virtual assistant:

  • He/ she is the person who supports business form remote location
  • This role will be either bottom most or middle position role depending on the organization's hierarchy.

Manager:

  • Whereas manager has huge responsibility
  • It requires lots of experience to handle people, business, understand organizational goal, meet requirement, achieve targets, multi-tasking, etc.
  • So it needs both skill and experience to become a manager and it cannot happen suddenly.
7 0
4 years ago
The rate of return on total assets is computed by dividing _______
Sonbull [250]

Answer:

Dividing Net income by average total assets

Explanation:

The rate of return of total assets is a ratio used in measuring a company's revenue before deductibles when compared to its total net asset. It refers to the ratio between the net income and the average total assets of a given company at a particular point in time. This ratio is most times used to see how effectively an asset is being used in the production process.

Mathematically

ROTA = Net Income ÷ Average Total Asset

4 0
4 years ago
Read 2 more answers
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