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
Answer:
d) It is a use of cash, and will be shown in the investing section as a subtraction.
Explanation:
The plant improvements will result in cash outflow and is to be considered as an investing activity and not financing activity. It is not a source of cash. So, this option is incorrect.
There will be cash outflows when a company makes plant improvements. It is reported under the investing activity and not under financing activity. So, this option is incorrect.
There will be cash usage when their plant improvements. It is not a source of cash which does not result in cash inflows. So, this option is incorrect.
B. The higher the price, the larger the quantity produced.
It would be easier to expand your first text box if you don't want to take the risk of lumping everything together. Move your work to one text box and expand it so it all fits.
Diego is correct because the loan has to be paid in full by a specific date.
