Answer:
c. It can help the franchisor expand his or her business rapidly.
Explanation:
Franchising refers to a type of business in which a commodity or method owner (franchisor) gets distribution via affiliated firms or traders (franchisees) with the aim of expanding the business of the franchisor.
Under franchising, the franchisor gives to the franchisee a kind of licence which gives the franchisee access to method, trademarks, and proprietary knowledge of the franchisor so that the franchisee can sell a commodity under the name of the franchisor’s business.
Therefore, an advantage of franchising is that it can help the franchisor expand his or her business rapidly as it is often adopted by franchisor as a business expansion strategy.
Answer:
Godfrey Corporation
GOLDFREY CORPORATION
Balance Sheet (Partial)
December 31, 2017
Noncurrent assets:
Investments:
Investment In Stock, at fair value $64,100
Stockholders' Equity:
Common stock
Retained earnings
Less :
Unrealized loss $4,900
Explanation:
a) Data and Calculations:
Long-term investment available for sale:
Cost = $69,000
Fair value 64,100
Unrealized loss $4,900
b) The correct entry would have been to reduce the net income by the unrealized loss. However, for simplicity, this is showed as a reduction of the Retained Earnings in the balance sheet.
<span>The answer is B. Posting the date.
Here's the sequence of posting procedures.
First, Posting the date.
Second, posting the amount of the transactions.
Third,posting the page number of the journal in the Post. Ref. column of the ledger account.
And lastly, recording the posting ref. information</span>
Answer:
6
Explanation:
Marginal Utility is defined as the satisfaction that an individual gains after consuming additional units of a certain goods or services. Andy has two goods available to consume cola and potato chips. Andy will consume 6 units of potato chips to maximize his marginal utility. The cola is also consumed by Andy to satisfy his marginal utility.
Answer:
$80,000
Explanation:
The calculation of the total amount of dividend for three years is given below
= Net loss for first-year - net income for the second year + net income for the third year - ending retained earning balance
= -$150,000 + $100,000 + $250,000 - $120,000
= $200,000 - $120,000
= $80,000
And,
As we know,
The ending balance of retained earning = Beginning balance of retained earnings + net income - cash dividend paid
So, we used the same formula to compute the dividend amount