Answer:
15.7
Explanation:
In this question we have the following information
Employment in Motor Vehicle manufacturing within city = 12643
Total employment in motor city = 560379
Total individual employment = 152750
Total employment = 106201232
We get the location quotient as
(12643/560379)/152750/106201232
0.02256/0.001438
= 15.69
This is approximately
15.7
Therefore the location quotient = 15.7
Answer:
Date Account Title Debit Credit
Feb 13 Cash $10,975
Sales $10,000
Sales Tax Payable $975
(10000 * 9.75%)
Answer:
Received investment of cash by organizers and distributed to them 1,000 shares of $1 par value common stock with a market price of $40 per share
Dr. Cr.
Cash $40,000
Common stock @ 1 $1,000
Add-In capital Common Stock $39,000
Purchased $15,000 of equipment, paying $3,000 in cash and owing the rest on accounts payable to the manufacturer
Dr. Cr.
Equipment $15,000
Cash $3,000
Account Payable $12,000
Borrowed $10,000 cash from a bank
Dr. Cr.
Cash $10,000
Bank Loan $10,000
Loaned $800 to an employee who signed a note.
Dr. Cr.
Note Receivable $800
Cash $800
Purchased $13,000 of land paid $4,000 in cash and signed a mortgage note for the balance
Dr. Cr.
Land $13,000
Cash $4,000
Mortgage Note Payable $9,000
Answer:
Franchising
Explanation:
Franchising is defined as the contract that exists between a parent company (franchisor) and other firms (franchisee) in which an operating licence is given to the franchisee.
The franchisor gives access to use of their brand and also provides support and training to the franchisee.
Franchisee in turn gives an agreed amount of profit to the franchisor for using their brand.
An established name and specific rules of operation is agreed upon in the contract.
