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earnstyle [38]
3 years ago
6

A contractual arrangement between a parent company and an individual or firm that allows the latter to operate a certain type of

business under an established name and according to specific rules is referred to as
Business
1 answer:
Serhud [2]3 years ago
4 0

Answer:

Franchising

Explanation:

Franchising is defined as the contract that exists between a parent company (franchisor) and other firms (franchisee) in which an operating licence is given to the franchisee.

The franchisor gives access to use of their brand and also provides support and training to the franchisee.

Franchisee in turn gives an agreed amount of profit to the franchisor for using their brand.

An established name and specific rules of operation is agreed upon in the contract.

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<u>Calculation of ending retained earnings balance after closing:</u>

The balance in ending retained earnings after closing can be calculated as follows:

Balance in retained earnings account before closing $297,000

Add: Revenues $185,000

Less: Expenses $103,700

Less: Dividends $18,000

Ending retained earnings balance after closing = $360,300

Hence, The balance in ending retained earnings after closing is <u>$360,300</u>






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Answer:

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Explanation:

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What are the pricing methods
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The four types of pricing methods.

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3 years ago
The Lincoln Company sold a $1,000 par value, noncallable bond several years ago that now has 20 years to maturity and a 7.00% an
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Answer

The answer and procedures of the exercise are attached in the following archives.

Step-by-step explanation:

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Common misconception about entrepreneurship
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