Answer:
B) valid as a quality control mechanism for protection of goodwill.
Explanation:
Franchise is a license consisting of a contractual arrangement between a parent company (franchiser or franchisor) and another (franchisee), that allows individuals or an organization access to its knowledge, processes, trademarks in order to provide a service.
One of the main advantages of a franchise is that, franchisers such as Salads 'R' Us do not require additional capital and development expenses to have their businesses being situated in a foreign market or country, as they only required to issue licenses to franchisors who are interested in being part of their business by paying a fee.
The purchasing requirement in this scenario is valid as a quality control mechanism for protection of goodwill because it facilitates and promotes uniformity and quality in all Salads 'R' Us franchise outlets by ensuring that they will use napkins and dressings purchased from them (franchisor).
Explanation:
The adjusting entry is as follows
On December 31
Insurance expense A/c Dr $5,150
To Prepaid insurance A/c $5,150
(Being the insurance expense is recorded)
It is computed below:
= Balance in prepaid insurance account - unexpired amount
= $9,050 - $3,900
= $5,150
While passing the adjusting entry we debited the insurance expense account and credited the prepaid insurance account
"SWOT analysis is an objective process" is TRUE.
<u>Answer:</u> Option A
<u>Explanation:</u>
A management tool used to comprehend the strengths, weaknesses, opportunities, and threats included in any programme or corporation is understood as a "SWOT analysis". This includes defining the company or project objective and recognizing with horizontal pairings of internal (strengths and weakness) and external (opportunities and threats) variables that are beneficial or adverse to achieving that objective. While vertical pairings of helpful (strengths and opportunities) and harmful (weaknesses and threats). Final analytical results will assist the institution to evaluate whether the goals, products, services, projects or goals are a tactical fit.
Answer:
The correct answer is "Closing entries"
Explanation:
Closing entries, commonly named as closing journal entries, are records produced at the close of an accounting period to transform in 0 "zero" all temporary accounts. Usually is the balance is transferred to permanent accounts. It is used to close the temporary accounts and reset the balance every end of period.
Comprehensive Listening, when you look for cues and body language to discover hidden messages.
