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Romashka-Z-Leto [24]
3 years ago
7

Wildhorse Delight, Inc. charges an initial franchise fee of $74,700 for the right to operate as a franchisee of Wildhorse Deligh

t. Of this amount, $24,900 is collected immediately. The remainder is collected in four equal annual installments $12,450 each. These installments have a present value of $41,522. As part of the total franchise fee, Wildhorse Delight also provides training (with a fair value of $2,000) to help franchisees get the store ready to open. The franchise agreement is signed on April 1, 2017, training is completed, and the store opens on July 1, 2017. Prepare the journal entry required by Wildhorse Delight in 2017.
Business
1 answer:
ryzh [129]3 years ago
3 0

Answer:

Cash 24,900 debit

Account Receivable 51,800 debit

             Franchise fee revenue 74,700 credit

             training services revenue 2,000 credit

Explanation:

The training services and the francise fee are separated revenues, so we have to use diferent account.

we are only given with the information of a initial payment, so the difference will part of account payable.

No information about the training being paid in cash, so we also assume this services were performed on account.

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Suppose the Digby company shifts focus to only competing in the Thrift and Nano segments, while competing on price by reducing c
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Answer:

Niche cost leader strategy

Explanation:

In simple words, A niche cost pioneer or leader aims to exploit consumer markets that are price responsive. Its objective is to undercut all rivals' costs while remaining sustainable. Under this business strategy, the producer try to create a strong customer base by offering lower prices as it is the best motivation for the customer to try a specific product.

Thus, from the above we can conclude that the correct answer is niche cost leader.

6 0
3 years ago
Helena Fogarty, the CEO and founder of Mi Ola, states "You have to make decisions….Blowing it is waiting too long to have things
ollegr [7]

Answer:

The Answer is D: Nominal group technique

Explanation:

From the question, it is clear that the CEO of Mi Ola is encouraging everyone to bring up that idea they have in mind. She is encouraging everyone to make a decision as it is never wrong as long as you're moving. Bounded rationality talks about making rational decisions that will most likely satisfy personal needs. This does not seem to be the kind of statement made here. The statement is like a booster to everyone to come up with ideas, which bring us to the concept of nominal group technique. This technique encourages contributions from an entire team and encourages swift agreement on the relative significance of problems, issues, and solutions.

4 0
3 years ago
What is the risk posture for each particular system as it contributes to the overall risk posture of the organization
Nutka1998 [239]

Please find attached full question Answera and Explanation:

Risk posture or cybersecurity posture is the general status or overall defense of the cybersecurity program in place in an organization to guard against cyber attacks and data breaches. For a company to maintain reasonable cyber security posture as there is no fool proof cybersecurity posture, there is need for regular continuous assessment of risk exposures and potential loopholes across the company's digital infrastructure. There are different digital and sophisticated infrastructures utilized by am organizations and most if not all are well prone to cyber attacks. These infrastructures are used by employees for work e. g-email, went servers, phones, networking devices and cloud programs etc . Therefore each employee must be educated in the need to safeguard company data by looking out for traps set by cyber attackers such as phishing in email and many other loopholes. Vulnerability tests need to be performed at regular intervals and reports monitored and analyzed to protect against a potential source of cyber attack.

7 0
3 years ago
Which of the following is true?
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Checks and debit cards withdraw money directly from a bank account.
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3 years ago
Rocoe Company produces a variety of garden tools in a highly automated manufacturing facility. The costs and cost drivers associ
tensa zangetsu [6.8K]

Answer:

Explanation:

Overhead allocation:

Unit level = $35,960/5800 * 480 = 2,976

Batch level = 13,052/260 * 27 = 1355.4

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Total overhead allocated 20,326.6

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