1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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

You might be interested in
The United States Airlines Transports how many passengers daily?
SashulF [63]

Answer:

In the United States, the average number of passengers flying per day is 1.73 million.

I think the answer is C

6 0
3 years ago
_____ 7. While North Americans want to decide the main points at a business meeting and leave the details for later, people in t
Afina-wow [57]

Answer:

"Mexico" is the appropriate answer.

Explanation:

  • Throughout the case of Mexican individuals, what and when to talk in the discussions or conferences is punctual.
  • Furthermore, you wouldn't overlook the little characteristics because doing so would generate misunderstanding or some complications. You mention as well as continue to talk all about that at the conference.
3 0
3 years ago
Which of the following is the most important role of marketing in the process selection decision?
IRISSAK [1]

Answer:

(C) Estimating and managing future demand.

Explanation:

Marketing is basically analyzing the demand of the consumers and then supplying it at maximum to get the maximum profit.

This involves some main steps, in which the most essential is the planning, which involves about estimating and managing the demand and then the entire plan of production, supply of commodity.

Thus, the most important step in marketing is to estimate the demand and supply, and then managing the future demand basically.

7 0
3 years ago
In many larger U.S. based firms the __________ matches the overall strategy of the firm and reinforces the __________ emerging f
dimulka [17.4K]

Answer:

reward system; culture

Explanation:

  • Reward systems in an organization provide evidence of the culture practices of that organization. Reward schemes represent the values ​​and norms of the company that people follow or promote.
  • Culture is regarded as an expression of organizational values ​​that guide the organization and groups to advance in positions of power. The concept of performance standards and reward planning (key elements of the reward system) comes from the organizational culture.
  • Many researchers and practitioners have observed the interdependence between organizational culture and reward systems. The reward system develops from the cultural changes that take place in the everyday events of organizational life.
6 0
3 years ago
A presentation in the sales process is designed to match the benefits of a product to the client's ______.
elixir [45]

Answer:

needs

Explanation:

7 0
2 years ago
Other questions:
  • Newton Inc. uses a calendar year for financial reporting. The company is authorized to issue 9,000,000 shares of $10 par common
    11·1 answer
  • Which of the following does not influence the consumer when he or she is deciding whether or not to buy a product?
    6·1 answer
  • En cualquier mometo el sistema de inventario perpetuo muestra muestra la cantidad de inventarios disponibles
    13·1 answer
  • 1. Economic systems An economic system consists of a set of institutional arrangements and a method of coordinating economic act
    10·1 answer
  • Greenbelt construction has been a successful small home-building firm for years. the owner pays subcontractors slightly more tha
    15·1 answer
  • One key to success in a career is to be an accomplished
    13·2 answers
  • Current operating income for Bay Area Cycles Co. is $74,000. Selling price per unit is $120, the contribution margin ratio is 30
    15·1 answer
  • (a) Purchased $110 of supplies for cash. –$110 $0 (b) Recorded an adjusting entry to record use of $20 of the above supplies. en
    14·1 answer
  • An important first step in adapting a product to a foreign market is to determine the Group of answer choices personal ethics of
    7·1 answer
  • Jax Recording Studio purchased $8,200 in electronic components from Music World. Jax signed a 90-day, 10% promissory note for $8
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!