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kotykmax [81]
3 years ago
8

The purchaser of a franchise is called the franchisee.A. TrueB. False

Business
1 answer:
mixer [17]3 years ago
6 0
It is true that the purchase of a franchise is called a franchisee.
You might be interested in
Jose wants to cash in his winning lottery ticket. He can either receive five $5,000 annual payments starting today, or he can re
ExtremeBDS [4]

Answer:

The lump sum payment =  $23,585.49

                                 

Explanation:

The winning lottery is an example of an advanced annuity. <em>An advanced annuity is a series of cash flows that occurs for a certain number of years with the first cash flow occurring now.</em>

The first cash flow is represents one out of the five, so the balance is a four-year annuity.

So we can work out the present value of the annuity for the last four years as follows:

PV = (1 - (1+r)^(-n)/r )   ×  Annual cash flow

r = 3%=0.03, n = 4, Annual cash flow = 5000

PV = (1- ((1+0.03)^(-4))/0.03)  × 5,000

    = 3.7170 × 5,000

   =$ 18,585.49

The lump sum payment = PV of the first payment + PV of the four year annuity

The lump sum payment = $5000 + $ 18,585.49

                                       =  $23,585.49

7 0
3 years ago
Research studies indicate that:
Alborosie

Answer:

Option D US consumers lose more from tariffs than U.S. producers gain

Explanation:

The reason is that the US has imposed tariffs on the import of goods to overcome the comparative advantage of the other countries. So by imposing tariffs the US producer's products become inexpensive and protects them from the foreign countries with comparative advantage in similar products. This means the US consumer is buying expensive products and don't motivates the US producer to invest in efficiency and that the size of the industry may be at the growth stage or the producer's size is very small which means it can not compete with the competitors in the international market. So as a result the US consumer suffer more because they pay higher payments and are forced to buy expensive American products which is less in value to the consumer than the value it generates to the producers.

6 0
3 years ago
Which of the following terms describes the estimate of dollar value loss of a capital good due to obsolescence or wear and tear
Pavlova-9 [17]

Answer:

Depreciation

Explanation:

This is basically a reduction in value of an asset over period of time mainly because of wear an tear.

3 0
3 years ago
Lucas Industries uses departmental overhead rates to allocate its manufacturing overhead to jobs. The company has two​ departmen
Inessa05 [86]

Answer:

Total cost= $2467

Explanation:

Giving the following information:

The Assembly Department uses a departmental overhead rate of $ 60 per machine​ hour.

The Sanding Department uses a departmental overhead rate of $ 20 per direct labor hour

Direct labor hours used

Assembly Department - 8

Sanding Department - 5

Machine hours used

Assembly Department - 10

Sanding Department - 7

The cost for direct labor is $32 per direct labor hour and the cost of the direct materials used by Job 603 is $1351.

Total cost= direct material + direct labor + MOH

Total cost= 1351 + (13*32) + (60*10 + 20*5)= $2467

7 0
3 years ago
On January 1 st 2012, Everhart Corporation, a calendar year company issues $100,000, 5%, 5-year bonds dated January 1, 2012. The
Alborosie

Answer:

Interest expense 2894.7 debit

discount on Bonds Payable 394.7 credit

cash 2500 credit

Interest expense 2906.55 debit

discount on Bonds Payable 406.55 credit

interest payable  2500 credit

Explanation:

We have to solve for the 2013 year which is one year after the issuance ofthe bonds.

We solve for the bond issuance price and then, we construct the bonds schedule and take the numbers from period 3 and 4.

Issuance proceeds: present value fo the coupon payment and maturity at market rate:

C \times \frac{1-(1+r)^{-time} }{rate} = PV\\

C 2,500.000

time 10

rate 0.03

2500 \times \frac{1-(1+0.03)^{-10} }{0.03} = PV\\

PV $21,325.5071

\frac{Maturity}{(1 + rate)^{time} } = PV  

Maturity   100,000.00

time   10.00

rate  0.03

\frac{100000}{(1 + 0.03)^{10} } = PV  

PV   74,409.39

PV c $21,325.5071

PV m  $74,409.3915

Total $95,734.8986

Now we will calcautlethe interest expense by multiplying carrying value by the market value and sutract from the cash outlay to determinate the amortization on the bonds.

7 0
2 years ago
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