1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Strike441 [17]
3 years ago
14

The Racquet Store (RS) sells franchise agreements in which it charges an up-front fee of $50,000 for assistance in setting up a

store, and then a monthly fee of $1,000 for national advertising and administrative assistance. Steffi Hingis signs a franchise agreement with RS.Assume that Steffi signed a $50,000 installment note when she signed the franchise agreement. RS has no experience estimating uncollectible accounts associated with these sorts of notes. RS can recognize:a. Revenue under the installment sales method, as soon as it has assisted Steffi in setting up the store.b. $50,000 of revenue when Steffi signs the agreementc. $50,000 of revenue as soon as it has assisted Steffi in setting up the stored. Revenue under the installment sales method, starting when Steffi signs the agreement
Business
1 answer:
andre [41]3 years ago
7 0

Answer: A- Revenue under the installment sales method, as soon as it has assisted Steffi in setting up the store.

Explanation: The installment sales method is a method of accounting accepted under the US Gaap. It is a method were revenue is recorded in instalments and the cost of sales and gross profit recognised upon the collection of the installment revenue.

It is a method of accounting used mainly by construction companies whose revenue are not received once but in installments.

You might be interested in
Lane is considering a career as a public relations specialist in which he
Stels [109]

Answer:

0.73 or 73%

Explanation:

Return on investment (ROI) shows the benefit an investor receives in relation to their invested amount. It is expressed as a ratio or a percentage of the net income against the investment's cost.

It is calculated using the formula below.

ROI = returns( profits)/ cost of investments.

For Lena, the cost of investment is $52,000( cost of the degree). The returns for one are the earnings in the year, which is $38,000.

ROI= $38,000/ $52,000

ROI =0.73 or 73%

3 0
2 years ago
The marginal seller is the seller who
trapecia [35]

Answer:

b. would leave the market first if the price were any lower.

Explanation:

In the market, the producer always sells more than the economic cost ( raw materials and labor cost) that he bears during production. The marginal seller means that the seller earns zero economic profit ( producer surplus) i.e. an economic cost equals the selling price. So if the price falls then the marginal seller would leave the market first because he will be indifferent when earns the zero economic profit but when the price falls he would leave the market.

3 0
2 years ago
A tenant with a triple net lease rents a building that has the following yearly operating expenses: Property taxes $5,000, Utili
bonufazy [111]

Answer: $13500

Explanation:

The triple net lease refers to a lease agreement whereby the tenant pays all the property expenses such as property taxes, building insurance, utilities, repairs and maintenance.

Therefore, based on the question given, the expenses to be paid will be:

Property taxes = $5,000

Add: Utilities = $7,000

Add: Repairs & Maintenance = $1,500

Total = $13500

4 0
3 years ago
The option of sticking with the current business lineup makes sense when
worty [1.4K]

Answer:

The correct answer is the option A: the company's present business offer attractive growth opportunities and can be counted on to create economic value for shareholders.

Explanation:

To begin with, the fact that a company faces the dilemma between continue with the current business lineup or change it in order to begin producing a new one by starting from zero then a lot of variables must be taken care of and considered, that is, that at the moment of making the final decision the managers must understand the opportunity costs that can affect the organization and moreover the benefits that the actual lineup makes. That is why, that at the time of sticking with the current business lineup it makes sense to continue with the current one when the company's present business offer attractive growth opportunities and can be counted on to create economic value for shareholders.

8 0
3 years ago
What is the key to making extemporaneous speech sound professional and natural
Usimov [2.4K]
Well mainly extemporaneous speeches can be hard,  finding the right words without advanced notice may not be for every speaker. But trust me! No need to worry..... :) The extemporaneous speech is a perfect balance!!!!! This speech involves the speaker's use of notes and some embellishment to deliver a speech. To clear this up, a speaker who uses this method would have note cards or prompts that guide him from point to point, but he uses his own words as he goes along. What makes this different than an impromptu speech is that he has a loose guideline for his speech. He did not memorize anything....... he just used cues to know where to go next.
There are advantages but there are disadvantages to this type of speech sadly..... :(  For one, the audience will think you are a genius. You used few notes and appeared to know everything about the topic. But this is not something that can be done quickly. The same fact finding and research used for other types of speeches must be used here. The speaker also must rehearse this speech for timing, rhythm and flow. Now, if shooting from the hip is not your style, you may want to consider reading your speech!!!! :) But ya. I hope this is better. XD sorry about that.
6 0
3 years ago
Other questions:
  • Lysol sanitizing wipes entered the market at a low sales price and was supported by heavy couponing. As the initial trial period
    9·2 answers
  • What benefit does a 401(k) plan provide over an IRA?
    8·2 answers
  • A company enters into a short futures contract to sell 5000 bushels of wheat for 571'4 cents per bushel. The initial margin is $
    11·1 answer
  • g one of your friends purchased a zero coupon corporate bond (i.e., a bond that has no interest payments) for $4,850. The bond h
    6·1 answer
  • Ayayai Corporation is authorized to issue 46,000 shares of $5 par value common stock. During 2020, Ayayai took part in the follo
    8·1 answer
  • The sales forecasting method that consists of making a product available to buyers in one or more locations and measuring purcha
    12·1 answer
  • Beck Manufacturing reports the following information in T-account form for 2019. Raw Materials Inventory Begin. Inv. 11,600 Purc
    11·1 answer
  • You are considering a stock investment in one of two firms (LotsofDebt, Inc. and LotsofEquity, Inc.), both of which operate in t
    5·1 answer
  • What is a “work point”?
    7·1 answer
  • In a certain town, 60% of the households have broadband internet access, 30% have at least one high-definition television, and 2
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!