Answer:
$65,332
Explanation:
The computation of revenue in 2021 is shown below:-
Revenue for the year 2021 = New franchisee received + Received by Top chop × (From July 1 to Aug 1 ÷ 2)
= $62,000 + $40,000 × 1 ÷ 2
= $62,000 + $40,000 × 0.5
= $62,000 + $20,000
= $82,000
Therefore, the revenue recognized for its arrangement is $82,000 and the new franchisee fee instantly recorded as an income
The condition for a profit maximising point is where MR = MC.
When MR is greater than MC, the firm should increase production to take hold of the extra profit, therefore Mara should increase production.
Answer:
Making decisions and taking actions to achieve a superior fit between the organization and its environment is. strategic management
What is strategic management?
a process that uses vision, goals and objectives, internal, and external analysis, and implementation levers that can be used to help formulate and implement strategy.
Answer:
The change in operating income for GM is that the operating income will increase by the amount of other pension costs less expected returns.
However, this change will not affect the net income, as all the items will still be accounted for, accordingly.
Explanation:
GM's pension service cost is the present value of the amount that the GM is required by law to set aside annually to meet its employees' pension-benefits obligations. The reason for the separation is that the service cost is a compensation cost, whereas other pension costs are financial costs and not compensation costs. By this separation, the operating income of GM will increase.
