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Sever21 [200]
4 years ago
10

Gage buys from fishing guide corporation the exclusive right to sell fishing guide rods and reels in a certain area. their franc

hise agree­ment requires gage to pay certain administrative expenses. their agreement may also require gage to pay a percentage of the franchisor’s?
Business
1 answer:
Vinvika [58]4 years ago
5 0
The answer is advertising costs. Advertising fee implies a periodical expense paid by the franchisee to the franchisor for the use caused in corporate promoting. Corporate publicizing costs incorporate promoting and other showcasing programs for the diversified business. 
A class incorporated into money related bookkeeping to speak to costs related to advancing an industry, substance, mark, item name, or particular items or administrations keeping in mind the end goal to animate a want to purchase the element's items or administrations.
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When should you use Add other funds to this deposit grid in a Deposit Transaction? Identify 3 correct options. (Select all that
Anni [7]

Answer:

(A) When an employee reimburses the company

(B) You receive a tax refund from the IRS

(D) When a company doesn’t record income using sales transactions (invoices or sales receipts), and wants to record deposits directly to income accounts

Explanation:

The three options are -

Option A is correct as the employee repays the company so that the funds to this deposit will be added to the deposit transaction.

Option B is correct as the employee or an individual will get the tax refund from the IRS which can be deposited to the deposit grid.

Option D is correct as it is recorded to income accounts directly as deposits.

Any payment cannot be added as deposit. Therefore, option C is incorrect.

4 0
3 years ago
Six months​ ago, the price of gasoline was​ $2.20 per gallon.​ Now, the price is​ $2.40 per gallon. In response to this price​ i
k0ka [10]

Answer:

4.545

Explanation:

Given:

Six months​ ago, the price of gasoline was​ $2.20 per gallon.

Now, the price is​ $2.40 per gallon.

In response to this price​ increase, the number of gallons of gasoline purchased has declined by 2 percent.

Question asked:

Based on this​ information, what is the absolute price elasticity of demand for​ gasoline?

<u>Solution:</u>

As we know:

Price elasticity of demand = \frac{\% change\ in\ quantity\ demanded}{\% change\ in\ price}

\% change\ in\ quantity\ demanded = \frac{new\ value-old \ value}{old\ value} \times100\\

                                                  =\frac{2.40-2.20}{2.20} \times100\\\\ =\frac{0.2}{2.20} \times100\\ \\ =\frac{20}{2.20} \\ \\ =9.09

\% change\ in\ price=2  ( given)

Price elasticity of demand = \frac{\% change\ in\ quantity\ demanded}{\% change\ in\ price}

                                           =\frac{9.09}{2} \\ \\ =4.545

Thus, the absolute price elasticity of demand for​ gasoline is 4.545

4 0
3 years ago
Why do people donate to charitable organizations? Check all that apply.
lutik1710 [3]

Explanation:

The act of helping others, donating to charity, or volunteering your time, will give you an improved sense of wellbeing. The knowledge that you've sacrificed time and/or money in order to help others in need or create positive change in the world is a beautiful thing. Your monetary donations can go to causes that promote better health, fund medical research, stock food banks or support organizations that fight poverty. Investing in charities is like making an investment towards a better future for your employees and your business

4 0
3 years ago
Read 2 more answers
The quantity of money is ​$5 ​trillion, real GDP is ​$10 ​trillion, the price level is 0.9​, the real interest rate is 3 percent
andreyandreev [35.5K]

Answer:

(a) 2

(b) $10 trillion

(c) $0.4 trillion

Explanation:

Given that,

Quantity of money = ​$5 ​trillion

Real GDP = ​$10 ​trillion

Price level = 0.9​

Real interest rate = 3 percent

Nominal interest rate = 7 percent

Nominal interest rate = Real interest rate + Inflation rate

7% = 3% + Inflation rate

4% = Inflation rate

Velocity of​ circulation:

= GDP ÷ Total money supply

= ($10 × 1) ÷ $5

= 2

M × V = $5 ​trillion × 2

          = $10 trillion

Nominal GDP = Real GDP × Inflation

                       = ​$10 ​trillion × 4%

                       = $0.4 trillion

4 0
3 years ago
Tamarisk, Inc. had a beginning inventory on January 1 of 293 units of Product 4-18-15 at a cost of $21 per unit. During the year
Radda [10]

Answer:

Tamarisk, Inc.

                                          FIFO         LIFO        AVERAGE-COST

Ending inventory            $13,788      $10,857           $12,303

Cost of goods sold        $47,576    $50,507          $49,062

Explanation:

a) Data and Calculations:

Date            Transaction              Units      Unit Cost         Total

January 1    Beginning inventory  293          $21             $6,153

Mar. 15        Purchase                    780         $24             18,720

July 20       Purchase                     488         $25            12,200

Sept. 4       Purchase                     683         $27              18,441

Dec. 2        Purchase                     195         $30              5,850  

Total          Goods available       2,439                          $61,364

                 Units sold                  1,950

                 Ending inventory        489

FIFO:

Ending inventory

      = 195 at $30 = $5,850

        294 at $27 = $7,938

Total 489  =          $13,788

Cost of goods sold = Cost of goods available for sale minus Cost of ending inventory = $61,364 - $13,788 = $47,576

LIFO:

Ending inventory:

293 at $21 =    $6,153

196 at $24 =     4,704

Total 489 =   $10,857

Cost of goods sold = $61,364 - $10,857 = $50,507

Weighted-Average Cost:

Weighted-average cost = Cost of goods available for sale/Units available for sale

= $61,364/2,439 = $25.16

Ending inventory = $12,303 (489 * $25.16)

Cost of goods sold = $49,062 (1,950 * $25.16)

b) The distinguishing factor among these inventory valuation methods is the assumption basis for their computations.  FIFO assumes that goods that first come into store are the first to be sold or First-in, First-out.  LIFO assumes that goods that are last in the store are the first to be sold, expressed as Last-in, First-out.  Lastly, the weighted average method uses the weighted average costs of inventories purchased at different times and prices to compute the cost of each unit.

4 0
3 years ago
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