The right answer for the question that is being asked and shown above is that: "D. Franchising fees and royalties are generally low, and large profits can be made for minimal investment." a reason franchising has become popular in recent years is that <span>Franchising fees and royalties are generally low, and large profits can be made for minimal investment.</span>
Answer:
Eileen recognizes gain on the transfer is $10000
Explanation:
given data
transfers property = $200,000
basis = $190,000
return = 80%
fair market value = $180,000
long term fair market value = $20,000
to find out
Eileen recognizes gain on the transfer
solution
we can say here that Eileen recognizes gain on the transfer is $10000
because Eileen received is property worth - basis = $200,000 - $190,000 = $10000
and no gain no loss is recognized for contribution of getting interest in company so here
gain in boot amount is $10000
so that Eileen recognizes gain on the transfer is $10000
An entrepreneur is a person who starts a business and is willing to risk loss in order to make money” or “one who organizes, manages, and assumes the risks of a business or enterprise.”
Answer:
expansion should be undertaken as it has a positive net present value
The highest daily fee to eliminate collection float is $551 (approx). According to the given information, the highest daily fee that should be paid to eliminate the collection float is $550.82 which is approx $551.
<h3>What is a Collection Float?</h3>
Collection Float refers to an asset that is currently in a state of transition. It is used in two contexts:
- Concerning the Bank Deposits
Given,
Average Daily Receipt = $26,482
Average clearing days = 1.3 days
Daily Interest Rate = 0.016%
Required to Calculate = Highest daily fee to eliminate collection float
Calculation,
Highest daily fee collection float = Average daily receipt x Average clearing days x daily interest rate.
= $26,482 x 1.3 x 0.016%
Highest daily fee to eliminate collection float = $550.8 which is $551 (approx).
Thus, According to the given information, the highest daily fee that should be paid to eliminate the collection float is $550.82 which is approx $551.
Learn more about Collection Float here:
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