Answer:
royalties
Explanation:
According to my research on franchised businesses, I can say that based on the information provided within the question in business this obligation is referred to as royalties. These is an obligation in which the franchisee agrees to pay the franchiser a set percentage of the profits made under the licensed company. Like seen in the question the royalty percentages depend on the company as well as what is agreed upon when signing the licensing agreement.
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The main sections on a statement of cash flows include:
- Cash flow from operating activities.
- Cash flow from investing activities.
- Cash flow from financing activities
<h3>What is cash flow?</h3>
It should be noted that a cash flow simply means the net amount as well as the cash equivalent that is transferred in a company.
The amount of money a business earns from ongoing, routine business operations, such as producing and selling products or offering clients a service, is known as cash flow from operating activities (CFO).
It should be noted that Cash flow from operating activities, ash flow from investing activities, and the cash flow from financing activities are the important sections.
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Answer:
Sale of Merchandise for Cash
Revenue (Shareholders Equity) = Increase $107500
Cash (Asset) = Increase $107500
Liabilities = No Effect
Cost of Goods Sold
Shareholders Equity = Decrease $ 53750
Inventory (Asset) = Decrease $53750
Liabilities = No Effect
Explanation:
Sale of Merchandise for Cash
Recognition of Revenue increases Profit in Income Statement and consequently increases shareholders equity.
Assets of Cash are increasing to depict inflow of economic benefits
Cost of Goods Sold
Cost of Goods sold represent outflow of economic benefits
Assets of Inventory are decreasing
Answer:
Jeff Bezos
Amazon founder and CEO Jeff Bezos has a net worth of $188.3 billion and ranks as the richest person on the earth today
Explanation:
Answer:
merchandise inventory on the balance sheet 6,540 option B
Explanation:
we should eevaluate between cost or market price, the lowest.
Product C
cost: 6
market: 5
we will use $5 so 420 units x 5 dollars = $ 2,100
Product D
cost: 12
market: 14
we will use $12 so 370 units x 12 dollars = $ 4,440
Total merchandise: product C 4,440 + product D 2,100 = 6,540