Answer:
Explanation:
1.
Shareholders equity = Common stock + Retained earnings
Beg. balance = Common stock+Retained earnings = 166,000 + 66,000 = 232,000
Statement of shareholder's equity
Beg balance 232,000
Issuance of common stock 56,000
Add: Net Income 46,000
Less: Dividends 11,600
End balance 322,400
Balance sheet
There is not information for preparation of balance sheet but following is the layout:
Assets:
Cash
Supplies
Prepaid rent
Land
Liabilities:
Accounts payable
Salaries
Utilities
Notes payable
Stockholder's equity:
Common stock 222,000 [166,000+56,000]
Retained earnings 112,000 [66,000+46,000]
Total 334,000
The answer is B. Franchising
Licensing also use a similiar Model. But The Difference is When you do a Franchising , The company that own the trademark will give as support to aid the franchise. They also make sure that each branches do not cannibalized each others' profit.
In a Licensing model, the company who own the trademark won't give you any support whatsoever.
Answer:
The answer is: Brand Images
Explanation:
A company´s brand image is how customers "view them". It´s the impression they have formed in their mind about how a particular brand is, what it represents and what things are associated with them. It´s a process that is usually developed over a period of time.
For example when you hear the words Mercedes Benz, you immediately associate that brand with luxury cars and an expensive lifestyle (that´s their brand image). Most people are surprised when they realize MB also manufactures utility vehicles, trucks, military transports, and small (and not very expensive or luxurious) cars.
Answer:
$1,500
Explanation:
Data provided in the question
Sales for the appliances for the entire month = $50,000
Expected future warranty cost = 3% of sales
By considering the above information, the amount that should be reported as a liability is
= Sales for the appliances for the entire month × Expected future warranty cost
= $50,000 × 3%
= $1,500
Simply we multiplied the sales with the given percentage so that the liability amount could arrive
Answer: B. False
Explanation: the statement is false, because If all the tickets are purchased on the internet for $1800($300 each) instead of the list price of $120 each for one ticket, it makes no economic sense to buy on the internet.
Only if buying the tickets on the internet is the same rate or cheaper will it make economic sense.
