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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.

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Answer:

The installers and experts are self employed because;

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  • The installers and specialists are occupied with various business as the business is into deals and The installers and experts are into administration.  
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Every one of these conditions fulfill the necessities of self employed entity as indicated by measures utilized by the courts and doesn't fulfill the standards of representative.

5 0
3 years ago
Holton is the manager at a small restaurant. What can he do to ensure the workplace offers a safe environment for employees
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Facilities managers have a plethora of responsibilities on the job, which includes providing a safe work environment for all employees. No one should have to go into work and be met with safety hazards or violent employees. Unfortunately, such scenarios can and do occur, and are more likely to arise in the absence of a plan to both prevent and deal with workplace hazards and violence.
While it may be nearly impossible to prevent every single act of violence or safety hazard in the workplace, there are plenty of steps that FMs can take to help keep the work environment as safe and secure as possible for everyone involved.

6 0
3 years ago
Read 2 more answers
Which of the following are part of the loan underwriting process?
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5 0
3 years ago
Much of the supply of ________________ is from china and india where chemical manufacturers have less government oversight.
Eva8 [605]
The answer in the space provided is 'coming from'. It is because the countries like China and India has government which has less over sight which enables them to transport goods from chemical manufacturers because of their government that are not that strict in terms of transporting goods to other countries compared to others countries that have more over sight and are more strict.
7 0
3 years ago
The next dividend payment by Savitz, Inc., will be $2.12 per share. The dividends are anticipated to maintain a growth rate of 8
dedylja [7]

Answer:

The answer is 12.9%

Explanation:

This question will be solved using the Dividend Discount Model(DDM).

Po = D1/r - g

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r is the rate of return

g is the growth rate

$43 = $2.12/ r - 0.08

43r - 3.44 = 2.12

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Expressed as a percentage:

The required return for Savitz, Inc., is therefore 12.9%

8 0
4 years ago
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