Answer:
A. Included in purchases.
Explanation:
The adjustment of the purchase discount lost under the gross method is included in the purchase amount. If the payment is made within the discount period, then the discount is applicable otherwise not, if the payment is not made within the discount period.
The journal entry is shown below:
Purchase A/c Dr XXXXX
To Account payable A/c XXXXX
(Being the goods are purchased on credit)
Answer:
b. $288,000
Explanation:
Data provided
Beginning retained earning = $256,000
Net income = $44,000
Dividend = $12,000
The computation of retained earnings balance is shown below:-
Retained earnings balance = Beginning retained earning + Net income - Dividend
= $256,000 + $44,000 - $12,000
= $288,000
Therefore for computing the retained earning balance we simply applied the above formula.
It is important to research several careers rather than just one because, then you could know which career is most likely better for you to work for, and which one would fit you, and if you are comfortable in doing that career.
Answer:
A. Guidance from the franchisor
Explanation:
Under franchising , the franchisor grants license and transfer its business expertise, unique successful processes and ideas to another business (franchisee) , usually located in another country to, carry out franchisor's business in return for a fee.
Examples of Franchising being, KFC, McDonalds and chain of other fast food restaurants operating across the globe.
The franchisee i.e the one who avails the license to operate the business of franchisor, gets the benefit of using the already successful expertise and business guidance from the franchisor which otherwise would've required years of operations to develop.
Also the franchisee benefits from operating under established and renowned brand name of the franchisor.
So, in the given case, Brian would benefit in the form of, availing regular guidance and instructions from the franchisor.
