Answer:
True
Explanation:
Technological products' lifecycles are getting shorter every time, it is very rare now that a high tech product like a smartphone is not continuously updated every year. As customers we always want more features added and the companies struggle to keep up with the new features and specs that the market demands.
Answer: $17.28
Explanation:
6 month free concession in first year drops rent to:
= 20 / 2
= $10
Effective rent = [Present value of Year 1 rent + Present value of Year 2 rent + Present value of Year 3 rent ] / [ 1 - (1 / (1 + rate)^ number of years) / rate]
= [(10 / (1 + 10%) ) + (21 / (1 + 10%)²) + (22 / (1 + 10%)³)] * [1 - (1 / (1 + 10%)³/ 10%)]
= (9.09 + 17.355 + 16.5289) / 2.48685
= $17.28
Options:
A. Kerry has hired a private inspector to ensure that the business is in compliance with government regulations.
B. The business is being sold and the buyer has sent an inspector to ensure the business is operated properly.
C. This is a franchise and the franchisor has sent its inspector to ensure the business is operated according to the franchise license.
D. The inspector is the father of an employee who is a minor and he wants to ensure that child labor laws will not be violated.
Answer: C.) This is a franchise and the franchisor has sent its inspector to ensure the business is operated according to the franchise license
Explanation:
The fast food business being operated by Kerry could be interpreted as a franchise, whereby a franchisor which could be an individual or company has granted Kerry who is a third party owner the license or right to use the franchisor's trademarks and right to run her business. These franchisor must have sent an inspector to Kerry's fast food to inspect in other to ascertain that the franchise is being operated in accordance to the terms in the franchise license.
Answer:
D) 270,000
Explanation:
The computation of the outstanding number of shares is shown below:
= (Issued shares - treasury shares) × stock split ratio
= (100,000 shares - 10,000 shares) × 3
= 90,000 shares × 3
= 270,000 shares
Simply we deduct the treasury stock from the issued shares and then multiply it by the stock split ratio so that the correct amount of outstanding shares can come
Answer:
The journal entry to be recorded for the following is shown below:
Explanation:
The journal entry to be recorded for the following is as:
Bad debt expense A/c................................Dr $3,500
Allowance for doubtful accounts A/c.......Cr $3,500
Being record the estimated bad debt expense
As the company estimated $3,500 will be uncollectible amount for the following year, so the bad debt expense will be debited as there is increase in the expense of the company and it is against the allowance for the doubtful accounts. Therefore, the account of allowance for the doubtful is credited.