Answer:
A. creating the company income statement.
Explanation:
The creation of the companie's income statement is not within the scope of an operation manager's role.
It is a function of the accounting department, and shows the financial position at a particular point in time. Income statements are prepared in relation to profit and loss that the company is making. It shows a snap-shot of financial position so that management can make informed business decisions.
Hey there!
Your answer is:
D, none of these.
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Answer:
Debit Accounts Receivable, credit Allowance for Doubtful Accounts.
Explanation:
To record the collection of accounts receivable previously written off when using the allowance method, the first step is to debit Accounts Receivable, and then credit Allowance for Doubtful Accounts. This purpose of this to reverse the already written off amount.
The next step after that is to complete the entries by debiting Cash, and crediting the Accounts Receivable to record the cash collection in respect of previously written off accounts receivable.
Answer: e. Success will cause another outlet to be opened nearby.
Explanation:
Another franchise opening does not depend on the success of Mc-King because this would imply that the funds from the successful outlet will be needed to open a new branch.
Franchises are opened with minimal capital from the side of the franchisor so the success of an outlet is not a factor in franchising. Even if he not making enough to start another outlet using his own funds, franchising will enable him to by using the funds of others.
