Answer:
Explanation:
1% of 120,000
2% of 90,000
6% of 100,000
Total 9,000
The aging method stimated the allowance for uncollectible accounts
so their result should be the ammount reported for December 31th Year 4
Answer:
Their debt ratio is about 0.039.
Explanation:
Given information:
liabilities = $16700
Assets = $433,000
We need to find their debt ratio.
Substitute the given values in the above formula.
Therefore, their debt ratio is about 0.039.
<span>Step 1: Identify the decision. You realize that you need to make a decision.
Step 2: Gather relevant information.
Step 3: Identify the alternatives.
Step 4: Weigh the evidence.
Step 5: Choose among alternatives.
Step 6: Take action
<span>Step 7: Review your decision & its consequences.</span></span>
Answer:
The firm's profit margin is 0.02357
Explanation:
The formula to compute the firm's profit margin is shown below:
Profit margin = (Net income ÷ sales revenue)
= ($1,980 ÷ $84,000)
= 0.02357
It shows a relationship between net income and net sales. The other information which is given in the question is not relevant. Hence, ignored it
Answer:
It depends on the type of business franchise.
In a business format franchise, the franchise will provide the franchisee all of the necessary things for a product + business system like marketing assistance, machines, supplies, etc... An example of this would be a fast food restaurant or a retail store.
In a product distribution franchise, the work is all up to the franchisee. The franchise will provide the logo and the right to sell its product but leaves the rest of the work to the franchisee. An example of this would be a car dealership or a gas station.
