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3 years ago

What is the appropriate description for a plant-processing franchise?

Business

1 answer:

nikdorinn [45]3 years ago

5 0

Answer:

Explanation:

The appropriate description for this would be that A franchisee focuses on making a franchisor’s product using the franchisor's manufacturing method or recipe. This is because the processing plant does not focus on selling the product instead their sole responsibility is creating the franchisor's product using their exact instructions in order to replicate their product for another company to sell.

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On January 1, 2018, Alamar Corporation acquired a 45 percent interest in Burks, Inc., for $196,000. On that date, Burks's balanc

bezimeni [28]

Answer:

1. Dr Investment in Burks Inc $196,000

Cr Cash $196,000

2. Dr Investment in Burks Inc $42,300

Cr Investment income in Burks Inc $42,300

3. Dr Cash $9,000

Cr Investment income in Burks Inc $9,000

Explanation:

Preparation for Journal entries

1. Dr Investment in Burks Inc $196,000

Cr Cash $196,000

2. Dr Investment in Burks Inc $42,300

Cr Investment income in Burks Inc $42,300

3. Dr Cash $9,000

Cr Investment income in Burks Inc $9,000

CALCULATION for Journal entry (2)

Unadjusted Net income $81,000

Profit from sale of inventory to burks $13,000

(41,000-28,000)

Adjusted Net Income $94,000

Share of Alamar 45%

Share of Alamar in Burks Inc income $42,300

(94,000*45%)

CALCULATION for Journal entry (3)

Cash dividends $20,000

Share of Alamar 45%

Share of Alamar in Burks Inc dividends $9,000

8 0

3 years ago

Brief Exercise 5-12 Crane Beverage Company reported the following items in the most recent year. Net income $48,300 Dividends pa

Bogdan [553]

Answer:

Crane Beverage Company

Statement of Cash Flows

Particulars Details Amount

Cash Flow from Operating Activities:

Net Income $48,300

Adjustments to reconcile net income to

cash flow from operating activities:

Depreciation $ 4,470

Increase in Accounts receivable -$11,860

Increase in Accounts payable $7,470 $80

Net Cash Flow From Operating Activities (A) $48,380

Cash Flow from Investing Activities:

Purchase of Equipment -$8,710

Net Cash Flow From Investing Activities (B) -$8,710

Cash Flow from Financing Activities:

Issue of note payable $22,850

Dividend paid -$6,320

Net Cash Flow From Financing Activities (C) $16,530

Net Change in Cash (A + B+ C) $56,200

Free Cash flow = Net cash provided by operating activities - Purchase of equipment - Dividend paid

= $48,380 -$8,710 - $6,320

= $33,350

3 0

3 years ago

You have been hired as a consultant to Freedom Inc. a consumer-focused financial institution intending to enter the Ghanaian mar

MrMuchimi

Answer:

firstly; the area to start with. find out more about the place. Their income and the rate at which goods are sold there.

5 0

3 years ago

Wich of the following is not an optional deduction

babymother [125]

Hey there!

Pretty sure its A

Hope this helps!

Always remember, you are a Work Of Art!
- Nicole :) <3

3 0

3 years ago

Read 2 more answers

Larry was accepted at three different graduate schools, and must choose one. Elite U costs $50,000 per year and did not offer La

Monica [59]

Answer: $15,000

Explanation:

Given that,

Elite U:

Costs $50,000 per year

Larry values attending Elite U = $60,000 per year

State College:

Costs = $30,000 per year

Offered Larry an annual scholarship = $10,000

Larry values attending State College = $40,000 per year

No Name U:

Costs = $20,000 per year

Offered Larry a full annual scholarship = $20,000

Larry values attending No Name = $15,000 per year

Larry gets economic surplus from:

Elite U = $60,000 - $50,000

= $10,000

State college = $40,000 + $10,000 - $30,000

= $20,000

No Name U = $15,000 + $20,000 - $20,000

= $15,000

State college > No Name > Elite U

Therefore, the opportunity cost of attending State college is the value of the next best alternative that is No Name U.

Hence, the opportunity cost is $15,000.

3 0

3 years ago