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Paha777 [63]
3 years ago
7

TopChop sells hairstyling franchises. TopChop receives $62,000 from a new franchisee for providing initial training, equipment,

and furnishings that have a stand-alone selling price of $62,000. TopChop also receives $40,000 per year for use of the TopChop name and for ongoing consulting services (starting on the date the franchise is purchased). Carlos became a TopChop franchisee on July 1, 2021, and on August 1, 2021, had completed training and was open for business. How much revenue in 2021 will TopChop recognize for its arrangement with Carl
Business
1 answer:
Molodets [167]3 years ago
4 0

Answer:

$65,332

Explanation:

The computation of revenue in 2021 is shown below:-

Revenue for the year 2021 = New franchisee received + Received by Top chop × (From July 1 to Aug 1 ÷ 2)

= $62,000 + $40,000 × 1 ÷ 2

= $62,000 + $40,000 × 0.5

= $62,000 + $20,000

= $82,000

Therefore, the revenue recognized for its arrangement is $82,000 and the new franchisee fee instantly recorded as an income

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Explanation:

Ethics can be defined as the study of the behaviors that guide human behavior, that is, society is developed through a set of moral behaviors that define its values ​​and its conception of which human behaviors and attitudes are positive or negative. Ethics then emerges as the standardization of these behaviors and moral values, it is a code of conduct for positive actions by man in society in all areas of life.

In discretionary decisions, in which there is a possibility of interpretation by the legislators, ethics appears as a normative instrument for the conduct of decisions, being a guide for the legislator to decide for what will have greater ethical value and benefits for society.

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3 years ago
According to the numbers in the article Group of answer choices smoking among adults is elastic because the percent change in pr
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Answer:

According to the numbers in the article

smoking among adults is inelastic because the percent change in price is less than the percentage change in quantity demanded.

Explanation:

Inelasticity means that price changes do not affect the demand for smoking among adults.  When the habits of consumers to smoke are not determined by the change in the price of the item, the demand is described as inelastic.  In other words, a change in the price of the good or service does not generate a corresponding change in the quantity demanded. Inelasticity, as an economic term, states that the quantity demanded of a good or service remains static when there is a change in its price.

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2 years ago
_____ are all sponsored domain name extensions.<br> .com<br> .mobi<br> .gov<br> .edu
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The direct materials and direct labor budgets provide information for preparing the
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Answer:

The cash budget is the appropriate answer

Explanation:

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100 million diluted shares outstanding trading at $37.50 per share. The company has $1 billion of debt outstanding with a cost o
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Answer:

$4,650,000,000

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= $3750m + $1000m - $100m

= $4,650,000,000.

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3 years ago
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