1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
ankoles [38]
3 years ago
8

__________ is an arrangement whereby someone with a good idea for a business sells the rights to use the business name and sell

a product or service to others in a given territory in a specified manner.
Business
1 answer:
ira [324]3 years ago
7 0

Answer:

Franchise

Explanation:

This is a business arrangement where the owner of a successful business gives the right (through special business and legal arrangement) to another, to run such business in a specified location using his brand name in accordance with agreed terms and conditions. Under this arrangement, technical support and training are always provided by the franchiser.

The franchisor charges the franchisee a fee for the right which in most cases is periodic. The franchise is renewable.

You might be interested in
Ivan's, Inc., paid $482 in dividends and $586 in interest this past year. Common stock increased by $196 and retained earnings d
Svet_ta [14]

Answer:

$360

Explanation:

We can compute net income to be

The ending balance of retained earnings = Beginning balance of retained earnings + net income - dividend paid.

Where,

Dividend = $482

Change in retained earnings = $122

Hence,

Net income = Dividend - Change in retained earnings

= $482 - $122

Net income = $360

6 0
4 years ago
Kacy Spade, owner, invested $10,750 cash in the company in exchange for common stock. The company purchased office supplies for
lisov135 [29]

Answer:

Accounts                                                                 Debit($)       Credit($)

Cash                                                                            10,750

Common Stock                                                                                10,750

<u>Being cash invested for common stock</u>

<u> in the business</u>

Office Supplies                                                           312

Cash                                                                                                  312

<u>Being office supplies purchased with cash</u>

Office Equipment                                                       5,945

Account Payable                                                                            5,945

<u>Being office equipment purchased on credit</u>

Cash                                                                             1,268

Fees Earned                                                                                     1,268

<u>Being cash received on service rendered </u>

<u>to a customer</u>

Account Payable                                                       5,945

Cash                                                                                                5,945

<u>Being settlement of amount owned for </u>

<u>office equipment</u>

Account receivable                                                   2,279

Fees Earned                                                                                    2,279

<u>Being recognition of amount owned </u>

<u>by customer</u>

Rent Expense                                                           525

Cash                                                                                                 525

<u>Being cash paid for rent</u>

Cash                                                                         957

Account Receivable                                                                       927

<u>Being cash collected for account receivable</u>

Dividend                                                                   900

Cash                                                                                             900

<u>Being dividend paid with cash</u>

Explanation:

Journal entry entries are used to record accounting effect of business transactions. General journal has two sides that make up debit and credit.

Entries on the debit side are assets or expenses while entries on the credit sides are liabilities, equity and income.

Journal also has a narration for each accounting event to provide information about the entry.

5 0
3 years ago
In order for martha to categorize prospective buyers into groups that have common needs and will respond similarly to a marketin
prisoha [69]
<span>There are four methods in order for Martha to sell her product to prospective buyers:
</span>1. Know the principal attributes of a product.
<span>2. Find how the customers rate are choosing these with respect to these attributes.
</span><span>3. Find where the company's product is on these attributes in the customers mind
</span><span>4. Place the company in a different poition in the minds of the customers.</span>
8 0
4 years ago
Arundel Company uses percentage of sales to estimate uncollectibles. At the end of the fiscal year, December 31, 2018, Accounts
oksano4ka [1.4K]

Answer:

The dollar amount that should be credited to Allowance for Uncollectible Accounts at year end is $ 12,100

Explanation:

Providing allowance for doubtful debts

A provision is made for the debts which are likely to be uncollectable by a company.This amount is used to adjast the Trade Receivable balances to show a faithful representation of assets a beusiness has at end of year.

Calculations

<em>December 31, 2018 Arundel Company`s Allowance for Doubtful debts is calculated as follows</em>

Credit Sales × % of allowed provision

$805,000 × 2.0%

$16,100

<em>Adjastment to be done in Allowance for Doubtful Debts Account:</em>

<em>Hint : Open Allowance for Doubtful Debts T Account:</em>

<u>Credits :</u>

Opening Balances 4,000

Balancing Figure (Profit and Loss) 12,100

Totals 16,100

<u>Debit:</u>

Closing Balance 16,100

Totals 16,100

5 0
3 years ago
Read 2 more answers
The nation of Hasalot is home to roughly 95% of the world's Diamontite, a rare stone used in consumer products including watch f
bonufazy [111]

Answer:

Hasalot has a near absolute advantage in Diamontite.

Explanation:

in this scenario, the best which describes the situation that Hasalot has a near absolute advantage in Diamontite.

7 0
4 years ago
Other questions:
  • Nicolas is the channel manager for a scientific equipment manufacturer, Biocompare. He communicates the various shipment sizes a
    9·1 answer
  • The following information is available for Windsor, Inc. for the year ended December 31, 2017. Beginning cash balance $ 45,720 A
    7·1 answer
  • Cannon Company invested $8,000,000 in a new product line. The life cycle of the product is projected to be 8 years with the foll
    13·1 answer
  • TTC is planning to raise $3.25 million for three years at an interest rate of 7.35 percent to finance their expansion. The Alban
    13·1 answer
  • In July, Econo Company purchased materials costing $21,000 and incurred direct labor cost of $18,000. Overhead totaled $32,000 f
    6·1 answer
  • Vinca Inc. has paid a dividend of $1.2 a share last year. Yesterday, the firm announced that the dividend will increase by 10 pe
    8·1 answer
  • Critical to any listing contract is the question of when the broker becomes entitled to a commission. Traditionally, the broker
    9·1 answer
  • Timber Co. sells all-weather gear. For its advertising campaign, the company develops an imaginary place called Timber City, whi
    13·2 answers
  • Wayne Industries is building a new prototype riding lawnmower especially for women. The marketing strategy for the product has b
    15·1 answer
  • A corporation declares a 5% stock dividend that's payable on Thursday, October 18. If the record date is Wednesday, October 3, t
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!