Hello there,
The quality that is shown with clear accurate writing would be<span> Professionalism
Hope this helps
~HotTwizslers</span>
Answer: The following journal entries would apply:
<u>Purchase of franchise:</u>
Debit: Restaurant franchise (intangible asset) $85,000
Credit: Cash $85,000
<u>Amortization of franchise:</u>
Debit: Amortization charge $708
Credit: Accumulated amortization $708
Explanation: When the franchise was purchased, there was a cash outflow. So the above first entries would apply in order to recognize the intangible asset in Frazier Company's books. However, the intangible was meant to be amortized over 10 years, meaning $85,000/10 years = $8,500 annual amortization charge. We still have to divide this by 12 in order to arrive at the monthly amortization charge. So $8,500 divided by 12 months = $708 monthly. The above entries apply on amortization.
Dishes should be hand dried with a rag
The model that allows household to earn income when firms purchase factors in markets is the circular-flow model.
<h3>What do firms purchase from the market?</h3>
In the circular flow mode, firms go into the factor market and purchase factors of production such as labor, and investment. Households will make money from these through salaries to laborers and returns on investments to investors.
The households will then go into the consumer market with the money made from the factor market, and buy goods and services that are offered by the firms.
Find out more on the circular flow model at brainly.com/question/1433471
#SPJ1