Answer:
Franchise Agreement.
Explanation:
Franchise Agreement means a contract or an agreement, either expressed or implied, whether oral or written, between two or more persons by which:
- The franchisor grants to the franchisee the right to operate a business according to the franchise system as determined by the franchisor during a term to be determined by the franchisor.
- The franchisor grants to the franchisee the right to use a mark, or a trade secret, or any confidential information or intellectual property, owned by the franchisor or relating to the franchisor, and includes a situation where the franchisor, who is the registered user of, or is licensed by another person to use, any intellectual property, grants such right that he possesses to permit the franchisee to use the intellectual property.
- The franchisor possesses the right to administer continuous control during the franchise term over the franchisee’s business operation in according with the franchise system.
- The franchisor has the responsibility to provide assistance to the franchisee to operate his business including such assistance as the provision or supply of materials and services, training, marketing, and business or technical assistance.
The World Trade Organization (WTO) is the global international organization that deals with trade rules between different nations. The World Bank handles all financial assitance with developing countries around the world. Though they both help different nations, one handles the trade between nations and the other handles financial monetary assets.
Answer:
7.8% increase in revenue
Explanation:
Revenue is given by the number of units sold 'n' multiplied by the price of sale 'P'. The revenues before and after the price drop are:
The change in revenue is given by:
Therefore, there was a 7.8% increase in revenue when price falls by 2%.
Explanation:
The journal entry is as follows:
1. Deferred tax assets A/c Dr
To Income tax benefit - Operating loss A/c
(Being the income tax benefit is recorded)
The computation is shown below:
= Net operating loss × enacted tax rate
= $388,000 × 25%
= $97,000
2. Now the lower portion of the 2021 income statement is presented below:
Net operating loss before income tax $388,000
Less: Income tax benefit - Operating loss -$97,000
Net loss $291,000