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3 years ago

Your neighbor has just bought an auto repair franchise. what should your neighbor not expect as a new franchise owner?

Business

2 answers:

OlgaM077 [116]3 years ago

8 0

Answer:

(A) Financial assistance.

<u>(B) Freedom of choice in selecting products. </u>

(D) Strict operating standards.

Explanation:

A franchise is a business owned by an entrepreneur where they offer a product or service that represents a larger corporation (franchisor). The largest franchises in the world are McDonald's, 7-Eleven, KFC, Subway, Burger King, Hertz and Ace Hardware.

Even though franchises represent a very interesting opportunity for entrepreneurs, they must follow the marketing mix of the franchisor and they must only sell the franchisor's products or services.

QveST [7]3 years ago

7 0

Freedom of choice in selecting products.

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If during 2011 the Republic of Sildavia recorded a value added of $78 billion, wages of $40 billion, profits of $8 billion, and

Otrada [13]

Answer:

$12 billion.

Explanation:

Given: Value added during 2011= $78 billion.

Total sales= $90 billion.

Intermediate goods are the goods used to produce final product and it is not included in the calculation of GDP, however, it is included in the value of final goods.

Now, finding the value of intermediate goods purchased.

Intermediate goods= $Total\ sales - Total\ value\ added$

⇒ Intermediate goods= $\$ 90\ billion - \$ 78 \ billion$

∴ Intermediate goods= $\$ 12\ billion$

Hence, value of intermediate goods purchased is $12 billion.

7 0

3 years ago

Which person makes original journal entries in the general ledger and reporting system about events such as dividend payments an

Nina [5.8K]

Treasurer-person makes original journal entries in the general ledger and reporting system about events such as dividend payments and payments to creditors

<h3>What does us Treasurer do?</h3>

The Treasurer of the United States has direct oversight over the U.S. Mint, the Bureau of Engraving and Printing and Fort Knox and is a key liaison with the Federal Reserve. In addition, the Treasurer serves as a senior advisor to the Secretary in the areas of neighborhood development and public engagement.

<h3>Why is it referred to as a Treasurer?</h3>

Originally the phrase referred to the individual in charge of the treasure of a noble; however, it has now moved into wider use. In England at some stage in the seventeenth century, a function of Lord High Treasurer was used on a number of events as the 0.33 remarkable officer of the Crown.

<h3>What is the electricity of treasurer?</h3>

He is the individual accountable for controlling monetary complications, making reports, recording finances, and managing the have confidence financial institution accounts.

Learn more about Treasurer here:

<h3>brainly.com/question/1320342</h3><h3>#SPJ4</h3>

8 0

1 year ago

A package of Supreme Security Software compares the software’s features against its competitors’ features. The result is a matri

Sophie [7]

Answer:

True

Explanation:

4 0

4 years ago

Keenan wants to incorporate his business. He buys business cards and labels with the name "Keenan’s Kwips" on them and begins se

Charra [1.4K]

Answer:

The correct option is b. de jure corporation.

Explanation:

A de jure corporation is a business that has fulfilled all the requirements mandated under the law of its state incorporation statute and has had limited liability protection granted to the corporation. De jure means "a matter of law," which validates the corporation as a legal entity.

It is created when steps are taken to incorporate, but not all of the statutes are in compliance. With a de facto corporation, it is not protected if the state challenges it in a "quo warranto" proceeding. It is protected against third parties.

Courts can decide on a finding of de facto if three requirements are met by the corporation:

• A statute must be in existence that allows legal incorporation.

• The corporation has attempted to comply with the statute, which is considered a good faith effort.

• There has been actual use or the exercise of the corporate franchise.

6 0

3 years ago

The common stock of Buffalo Inc. is currently selling at $113 per share. The directors wish to reduce the share price and increa

ruslelena [56]

Answer:

Buffalo Inc.

a. Journal Entry:

No journal entry required except a memorandum to record the split.

b. Journal Entry:

Debit Stock Dividend (Retained Earnings) $84 million

Credit Stock Dividend Distributable $84 million

To record the declaration of a 100% stock dividend.

When issued:

Debit Stock Dividend Distributable $84 million

Credit Common Stock $84 million

To record the issuance of stock dividends.

2. Both methods increase the outstanding number of shares by 100%. However, with a stock split of 2-for-1, there is no journal entry except a memorandum record to state the split.

Secondly, with a stock split or 2-for-1, the market price is also halved. This does not happen with a stock dividend. The market forces will determine and correct the market price to an acceptable level. A stock dividend requires some accounting entries to be made.

Explanation:

a) Data and Calculations:

Current market price of common stock per share = $113

Par value per share = $10

Book value per share = $68

Shares issued and outstanding = 8.40 million

a. The board votes a 2-for-l stock split:

Shares outstanding = 16.80 million shares

Market price = $56.50

Journal Entry:

No journal entry required except a memorandum to record the split. The value of common stock remains the same.

b. The board votes a 100% stock dividend:

Shares outstanding will increase to 16.80 million shares

Market price = $113 and level off based on demand and supply.

Journal Entry:

Stock Dividend (Retained Earnings) $84 million

Common Stock $84 million

5 0

3 years ago