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3 years ago

Franchise Is what type of organization

Business

2 answers:

Wittaler [7]3 years ago

8 0

Answer:

Explanation:

A franchise is a type of business that is owned and operated by an individual (franchisee) but that is branded and overseen by a much larger—usually national or multinational—company (the franchisor).

DENIUS [597]3 years ago

5 0

Answer:

Franchising is based on a marketing concept which can be adopted by an organization as a strategy for business expansion. Where implemented, a franchisor licenses its know-how, procedures, intellectual property, use of its business model, brand, and rights to sell its branded products and services to a franchisee.

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When a company uses the allowance method to measure bad debts, ________.

Phoenix [80]

When a company uses the allowance method to measure bad debts, the amount of bad debts expense is estimated at the end of the accounting period.

The allowance method is used when adjusting accounts receivable on the balance sheet. This refers to amounts that have not been collected yet, such as bad debt.

6 0

3 years ago

On december 31, 2015, cool wear inc. had balances in accounts receivable and allowance for uncollectible accounts of $41,000 and

Wewaii [24]

$6,000.00 - ($2,050.00 - $750.00) =

$6,000.00 - $1,300.00 = $4,700.00

Bad debt expense for 2019 would be: $4,700.00

6 0

3 years ago

Blaster, Inc., manufactures portable radios. Each radio requires 3 units of Part XBEZ52, which has a standard cost of $1.25 per

garik1379 [7]

Answer:

1,065 U

Explanation:

Materials Price Variance = Actual Quantity Purchased * (Standard Price – Actual Price)Actual Price= Total Cost / Quantity Purchased

= ($27,690 /21,300 )=$ 1.3

=21,300* [$1.25 – $1.3]

=21,300*0.05

=1,065 U

During May, the materials price variance for part XBEZ52 was 1,065 which is Unfavourable because the actual

purchase price is higher than standard.

5 0

3 years ago

Which of the following are criteria for determining whether to record an asset as a fixed asset? a.must be short-lived and tangi

Brut [27]

Answer:

The correct answer is letter "D": must be long-lived and used by the company in its normal operations.

Explanation:

Fixed assets are tangible resources used by a corporation to produce profits. To qualify as a fixed asset, the item can not be consumed or sold in less than one year and be part of the daily operations of the business. Fixed assets are listed on the balance sheet of the company and are subject to depreciation.

Examples of fixed assets include buildings, factories, leasehold improvements, computers, electronic hardware, furniture, automobiles, and construction equipment.

5 0

3 years ago

Ellis issues 8.0%, five-year bonds dated January 1, 2018, with a $530,000 par value. The bonds pay interest on June 30 and Decem

Ket [755]

Answer:

1. Total interest rate is $166,790

2. Refer to the attached file for the straight-line amortization table for the bonds' life.

To record interest rate paid in 30th June 2018:

Dr Interest expenses 16,679

Dr Premium on bond payable 4,521

Cr Cash 21,200

To record interest rate paid in 31st Dec 2018:

Dr Interest expenses 16,679

Dr Premium on bond payable 4,521

Cr Cash 21,200

Explanation:

Total interest rate as followed : Interest payment - Premium on bond payable = 530,000 x 8% /2 x 10 - (575,210 - 530,000) =166,790.

6 0

3 years ago