Options:
A. Kerry has hired a private inspector to ensure that the business is in compliance with government regulations.
B. The business is being sold and the buyer has sent an inspector to ensure the business is operated properly.
C. This is a franchise and the franchisor has sent its inspector to ensure the business is operated according to the franchise license.
D. The inspector is the father of an employee who is a minor and he wants to ensure that child labor laws will not be violated.
Answer: C.) This is a franchise and the franchisor has sent its inspector to ensure the business is operated according to the franchise license
Explanation:
The fast food business being operated by Kerry could be interpreted as a franchise, whereby a franchisor which could be an individual or company has granted Kerry who is a third party owner the license or right to use the franchisor's trademarks and right to run her business. These franchisor must have sent an inspector to Kerry's fast food to inspect in other to ascertain that the franchise is being operated in accordance to the terms in the franchise license.
Answer: Wide variations in capital structures exist between industries and also between individual firms within industries and are influenced by unique firm factors including managerial attitudes.
Explanation:
Out of the options that are given in the question, the correct option is that wide variations in capital structures exist between industries and also between individual firms within industries and are influenced by unique firm factors including managerial attitudes.
All the other options are false. Debt-to-total-assets ratios varies much among different industries.
Answer:
Application security
Explanation:
Application security can be defined as the different measures that are taken to see that there are improvements in an applications security. To do this, we have to find, fix and prevent security vulnerabilities. Much of this is done when the app is still being developed. To prevent hackers from having unauthorized access to the application and also against any forms of modifications. Application security increases efficiency and makes the enterprise to be safer.
Answer:
B) The public is wary of sharing confidential information after a recent spate of credit card scandals.
Explanation:
There are several advantages of click-only companies, especially that they are able to offer lower prices since they don't need to support the costs of brick-and-mortar stores.
But the whole idea of selling through the internet is based on the customers' trust on new technologies and they specially dislike when the new technologies fail, e.g. when a hacker discloses the accounts and passwords of millions of users.
Answer: The deferred tax are reported as non-current on the balance sheet.
Explanation:
Non-current field in a balance sheet include valuation allowance along with deferred tax.
Deferred tax can fall under the category of liability or asset.
When a company pays extra or advance tax to the government, it falls under deferred tax asset category and same will be returned back to the company.
When there is a difference between company's accounting and tax carrying values, then deferred tax is considered as liability in the balanced sheet.
In case deferred tax is a liability then company will have to pay that extra tax because of a transaction that took place in this period and resulted in the difference.