Answer:
The correct option is increase of $9,000
Explanation:
The increase or decrease in cash in 2018 could be determined by using the formula below which is coined from the statement of cash flow:
Cash at the end of the year=cash at the beginning plus +increase in cash
cash at the end of 2018 is $44,000 whereas cash at the beginning which is the same at closing balance of 2017 is $35,000
$44,000=$35,000+increase in cash
increase in cash =$44,000-$35,000
increase in cash in 2018=$9,000
Answer:
c.free equipment and training.
Explanation:
A franchise is when a company gives another party the right to use its name and brand to do business. The franchisor provides loscence that covers it's procedures, know how, intellectual property, brand, business model, and rights to sell its products.
The franchisor provides expertise which includes site recommendations, name recognition, accounting and management support. To ensure uniformity of brand it also gives building specifications and designs.
Three payments are made by the franchisee to the franchisor:
- Payment for trademark
- Reimbursement for training and advisory services performed
- An agreed part of sales made
Answer: Physical audit of assets
Explanation: In simple words physical audit means physical counting of assets that are recorded in the accounting system of the company. This internal control procedure is used by organisations to detect the dicrepancies that are not easily detectable without hand counting.
Thus, as per the given case we can state that the internal procedure used by the firm is physical audit of assets.
Answer:
1, 12, and 13
Explanation:
As we know that
National income = NNP at FC
And,
GDP = GDP at MP
Now as we have to determine the GDP at MP from the national income so here considered the depreciation
So,
NNP at FC + depreciation expense -net factor income from abroad = GDP at FC
And, the statistical discrepancy is determined as gross domestic product subtract gross domestic income.
Hence, the above is the answer