The answer to this question is <span>franchise
</span><span>franchise refers to a form of business model that give other party the right to use the company's business model.
</span>As a return, that other party have to pay a certain percentage of money periodically based on the sales that they made by using the franchise.
Answer:
a.when a corporation owns more than 50% of the common stock of another company
Explanation:
Many a times, a parent company holds stock in it's own subsidiary company. Consolidation refers to presentation of combined profitability of a group wherein a Parent Co holds majority of the common stock i.e more than 50% of the common stock in it's subsidiary.
Such a presentation presents the combined picture of a group and helps in better comprehension and understanding by the users of the financial statements.
If a parent owns 100% stock in it's subsidiary, such subsidiary is referred to as a wholly owned subsidiary.
Answer:
the exchange rate between two different currency is 6 pesos per dollar
Explanation:
The computation of the exchange rate between two different currency is
= Unit cost of spam in Wiknam ÷ unit cost of spam in Ectenia
= 24 pesos ÷ 4 dollars
= 6 pesos per dollar
hence, the exchange rate between two different currency is 6 pesos per dollar
We simply applied the above formula so that the currency rate could come
And, the same is to be applied
Answer:
$38,400
Explanation:
<em>1. Cash Purchases:</em>
The total purchases in the month of March is of $35,000.
It is given that 70% of Purchases are for cash.
Hence, 70% of $35,000 would be;
$39,000 x 0.70
$27,300
<em>2. Credit Purchases:
</em>
Remaining Balance of Purchases from the month of February:
For the month of February Cash Purchases can be calculated as follows;
$37,000 x 0.70
$25,900
Remaining Balance to be paid in March for the month of February can be calculated as follows;
$37,000 - $25,900
$11,100
<em>3. CASH PAYMENT for PURCHASES in MARCH:</em>
Cash Purchases = $27,300
Credit Purchases = $11,100
Hence;
<em>Cash Payment for purchases in March = Cash Purchases + Credit Purchases
</em>
Cash Payment for purchases in March = $27,300 + $11,100
Cash Payment for purchases in March = $38,400
Answer:
The estimated total manufacturing overhead is closest to $550,000
Explanation:
Total manufacturing overhead = variable + fixed overhead absorbed
Fixed overhead absorbed = Overhead absorption rate × machine hour
Overhead absorption rate = Estimated overhead/Estimated machine hours
= $440,000/50,000 machine hours
= 8.8 per machine hour
Absorbed fixed overhead = $8.8 × 50,000= $440,000
Absorbed variable overhead= $2.20 × 50,000= $110000
Total manufacturing overhead = $440,000+ 110000
=$550,000
The estimated total manufacturing overhead is closest to $550,000
