There are different kinds of businesses. In a franchise system. an individual or firm contracts with a parent company to set up a business or retail outlet.
Franchising is simply known to be a type of contractual system. It is often used to commercialize products, services or technology.
There are five major types of franchises. They are: job franchise, product franchise, business format franchise, investment franchise and conversion franchise.
A franchise (or franchising) is simply known as a process of sharing products or services involving a franchisor, who establishes the trademark of the brand of a business system, and a franchisee, who is responsible for paying a royalty under the franchisor's name and system.
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Funseth Farms Inc. purchased a tractor in 2018 at a cost of $30,000. The tractor was sold for $3,000 in 2021. Depreciation recorded through the disposal date totaled $26,000. (1) Prepare the journal entry to record the sale. (2) Now assume the tractor was sold for $10,000; prepare the journal entry to record the sale
1. The journal entries that Funseth Farms Inc. will record for the sale of the tractor are as follows:
Debit Sale of Tractor $30,000
Credit Tractor $30,000
To transfer the Tractor account to Sale of Tractor account.Debit Accumulated Depreciation $26,000
Credit Sale of Tractor $26,000
To transfer the accumulated depreciation to Sale of Tractor account.Debit Cash $3,000
Credit Sale of Tractor $3,000
To record the cash receipts from the sale.Debit Loss from Sale $1,000
Credit Sale of Tractor $1,000
To record the loss from the sale.2) If the tractor was sold for $10,000, the journal entries are as follows:
Debit Sale of Tractor $30,000
Credit Tractor $30,000
To transfer the Tractor account to Sale of Tractor account.Debit Accumulated Depreciation $26,000
Credit Sale of Tractor $26,000
To transfer the accumulated depreciation to Sale of Tractor account.Debit Cash $10,000
Credit Sale of Tractor $10,000
To record the cash receipts from the sale.Debit Sale of Tractor $6,000
Credit Gain from Sale $6,000
To record the gain from the sale.Data Analysis and Calculations:
Cost of Tractor in 2018 = $30,000
Accumulated Depreciation = $26,000
Proceeds from sale = $3,000
Loss from Sale = $1,000
Accumulated Depreciation $26,000 Sale of Tractor $26,000
Sale of Tractor $30,000 Tractor $30,000
Cash $3,000 Sale of Tractor $3,000
Loss from Sale $1,000 Sale of Tractor $1,000
2) If the tractor was sold for $10,000, the journal entries are as follows:
Accumulated Depreciation $26,000 Sale of Tractor $26,000
Sale of Tractor $30,000 Tractor $30,000
Cash $10,000 Sale of Tractor $10,000
Sale of Tractor $6,000 Gain from Sale $6,000
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Acme Widget, Inc. has 1,000 shareholders who own a total of two million shares of its common stock. The company earned $20 million after taxes and paid out $8 million in dividends. The company has assets of $250 million and liabilities of $50 million. What is the book value per share
Acme Widget, Inc. has a book value per share of $100.
Data and Calculations:
Number of shareholders = 1,000
Total number of common stock shares = 2,000,000 shares
Earnings after tax = $20 million
Dividends paid = $8 million
Assets = $250 million
Liabilities = $50 million
Equity = $200 million ($250 million - $50 million)
Book value per share = $100 ($200,000,000/2,000,000)
Thus, Acme Widget's book value per share is $100.
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Jade has learned that listening to customers, learning about their needs, and communicating with them over a prolonged period of time is key toward making large business sales. Jade is most likely using
Since Jade has learned that listening to customers, learning about their needs, and communicating with them is the key to making large business sales, Jade is probably using relationship selling.
This is an effective sales strategy, as currently the relationship between companies and consumers has intensified and is much more direct, with companies creating value for the consumer in different aspects of the sales process.
Relationship selling focuses on solving problems through personalized service that does not focus on the product and price, but on the consumer's perspective.
Therefore, relationship selling aims to understand the buyer's needs by solving their problems and satisfying their desires, where the seller acts as a partner capable of generating value for the consumer.
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what is most likely true of a formulaic story
Answer:
It closely follows Freytag's pyramid
Explanation:
xercise 11-7 (Algo) Net present value and unequal cash flows LO P3 Gomez is considering a $240,000 investment with the following net cash flows. Gomez requires a 12% return on its investments. (PV of $1, FV of $1, PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided.) Year 1Year 2Year 3Year 4Year 5 Net cash flows$72,000$45,000$71,000$160,000$57,000 (a) Compute the net present value of this investment. (b) Should Gomez accept the investment
The net present value of this investment is $44,722.06.
The investment should be accepted.
Net present value is a capital budgeting method. It is calculated as the present value of after-tax cash flows from an investment less the amount invested in the project.
NPV can be calculated using a financial calculator .
Only projects with a positive NPV should be accepted.
Cash flow in year 0 = $-240,000
Cash flow in year 1 = $72,000
Cash flow in year 2 = $45,000
Cash flow in year 3 = $71,000
Cash flow in year 4 = $160,000
Cash flow in year 5 = $57,000
Interest rate = 12%
NPV = $44,722.06
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Samantha, who is single and has MAGI of $58,500, was recently employed by an accounting firm. During the year, she spends $3,900 for a CPA exam review course and begins working on a law degree in night school. Her law school expenses were $5,040 for tuition and $780 for books (which are not a requirement for enrollment in the course).
Answer:
KNOCK WHOS THERE.YOUR DAD. DAD WHO. WAIT I FORGOT YOU GOT NO DAD.
YOUR DAD DIDNT GO GET THE MILK HE JUST HATED YOU IT WAS YOUR FAULT YOURPARENTS DONTLOVE YOU.
What is not a task of a bank?
they arent obligated to be real people.
The following which is not a task of the bank is that they are responsible for the conduct of monetary policy. Thus, option 'C' is the correct option.
What are the basic functions of banks?A bank's role is to gather public deposits and lend those deposits for the growth of commerce, industry, trade, and agriculture. Bank gets interest on loans and advances from depositors at greater rates than it pays to depositors. The primary duties of banks include safeguarding, transferring, lending, and trading money in a variety of ways, as well as determining the creditworthiness of their clients.
People can borrow money from the bank at a time-interest rate. The bank approves each loan amount after giving it careful thought and protecting its profit. Additionally, the bank offers its clients advances. These are also the main roles that banks play.
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#SPJ2
Probably, the complete options are:
a) they bring together savers and borrowers.
b) safe places for people to store their wealth.
c) they are responsible for the conduct of monetary policy.
d) they help to facilitate trade by providing alternative methods of payment.
which is better Window 11 or 10?
Answer:
Window 10 is better then 11, so i recommand skip 11
Explanation:
Planned sales for June this year are $120,000. Last year, the actual sales for June were $110,000. Determine the planned percent increase in sales for the month.
Given that the planned sales for June this year are $120,000 and that last year's actual sales for the month of June were $110,000, there is a 9.09% increase in sales for the month.
The actual increase in sales is $10,000 ($120,000 - $110,000) or ($110,000 x 1.0909 - $110,000)
Data and Calculations:
Planned sales for June, this year = $120,000
Actual sales for June,last year = $110,000
Planned percent increase in sales for June = 9.09% ($10,000/$110,000 x 100)
Thus, the planned percentage increase in sales for the month is 9.09%.
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While screening and evaluating ideas, a stop-to-market mistake happens when ________. Multiple Choice
While screening and evaluating ideas, a stop-to-market mistake usually occur as result of : good idea been eliminated during the screening process.
Stop-to-market mistake serves as marketing mistake that cam be made which can affect revenue that a firm suppose to get.At the screening and evaluating ideas stage, if careful decision are not made a good ideal can be eliminated which can affect the whole plan.
Therefore, good decision has to be made when
screening and evaluating ideas.
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how do VIP membership card works in a resort or hotel what will happen if you have VIP membership card?
This diagram represents __________________ communications.
a. diagonal
b. upward
c. downward
d, horizontal
Which of the following are examples of this type of communication?
Check all that apply.
- A team of doctors, nurses, technicians, and managers get together at Highland Hospital to discuss ways to save money. They agree to swap a lab kit that costs $96.50 for one that costs $0.29.
- The CEO of Nokia, Stephen Elop, meets with 2,000 employees to tell them why he is recommending that they abandon Nokia software to use less popular software from Microsoft.
- Cargill’s director of high-intensity sweeteners, Zanna McFerson, tells her boss, Marcelo Montero, the president of Cargill’s Health and Nutrition division, that a glycoside called Rebiana can be used to create a new artificial sweetener to be called Truvia.
- Hewlett-Packard CEO Meg Whitman announces to employees that HP will cut its workforce by up to 30,000 people.
The information in this question represents a downward type of communication in an organization.
Examples of this type of communication from the question are:
The CEO of Nokia, Stephen Elop, meets with 2,000 employees to tell them why he is recommending that they abandon Nokia software to use less popular software from Microsoft.Hewlett-Packard CEO Meg Whitman announces to employees that HP will cut its workforce by up to 30,000 people.This is a downward type of communication given the fact that information flows from the head of the organization to the employees that are at the lower level.
The red arrow in the diagram shows us that information is being passed down from the CEO to the employees in the organization.
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Answer:
This diagram represents upward communications.
✘ A team of doctors, nurses, technicians, and managers get together at Highland Hospital to discuss ways to save money. They agree to swap a lab kit that costs $96.50 for one that costs $0.29.
✔ The CEO of Nokia, Stephen Elop, meets with 2,000 employees to tell them why he is recommending that they abandon Nokia software to use less popular software from Microsoft.
✔ Cargill’s director of high-intensity sweeteners, Zanna McFerson, tells her boss, Marcelo Montero, the president of Cargill’s Health and Nutrition division, that a glycoside called Rebiana can be used to create a new artificial sweetener to be called Truvia.
✘ Hewlett-Packard CEO Meg Whitman announces to employees that HP will cut its workforce by up to 30,000 people.
If a disease infects and destroys a large amount of the nation's supply of tomatoes, what is likely to happen to the price of tomatoes? (Select the best answer.)
Question 5 options:
The price will go up.
The price will remain the same.
The price will go down.
Question 6 (1 point)
In cases of natural monopolies- such as utility companies- prices are kept under control MAINLY through
Question 6 options:
competition
supply and demand
free market forces
government regulation
Question 7 (1 point)
· firms produce and sell identical products
· firms have a relatively small market share
· consumers are aware of the products and their prices
· there are few barriers to entry into the market
All of these are describing what market type of market structure?
Question 7 options:
monopoly
oligopoly
monopolistic competition
perfect competition
Question 8 (1 point)
In the five C's, how is cost different from price? (Select the best answer.)
Question 8 options:
It includes all of the costs related to the product.
It makes it easier to promote the product.
It reduces the company's operating expenses.
It includes the company's operating costs.
Question 9 (1 point)
You notice that juice is now selling for much higher prices than in the past. Which two things would you expect to happen next? (Select two answers.)
Question 9 options:
Supply will go up
Demand will go down
Supply will go down
Demand will go up
Question 10 (1 point)
Needs, product, source, price, and time could all be known as ______.
Question 10 options:
Customer objections to a sale
Economic services
Sales promotion
Channel management function
Answer:
q5) price will go up
q6) government regulatories
q7) perfectly competitive
q8) includes all cost related to the product
q9)supply will go up and demand will go down
q10) customer objections to sale
One example of ___________________ is a wiki, a site where community members can add and discuss information to develop a resource for the entire community. Wikipedia is a famous example of a wiki.
a. a centralized network
b. a formal channel
c. upward communication
d. social media
One example of social media is a wiki, a site where community members can add and discuss information to develop a resource for the entire community: D. social media
Social media can be defined as a collection of Internet software programs (applications) which avails end users the ability to add, share and discuss information, as well as enhance collaboration between community members over the Internet.
This ultimately implies that, wiki is an example of a social media because it allows community members to add and discuss information, in order to develop a resource for the entire community.
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Answer:
d. social media
Explanation:
Wikis are a type of social media. One way companies can use them is to organically develop reference or training materials that reflect consensus on best practices through contributions and editing by employees. Passionate communities can develop around wikis, as shown by the success of Wikipedia. The giant wiki has its challenges, including ensuring information integrity, maintaining volunteer commitment, and representing diversity, but as the sixth most visited website in the world and about 5 million entries just in English, it demonstrates the opportunity to leverage a community to create a shared resource of great value.
Because any authorized member of the community can post an entry, change, or comment to a wiki, this is not a formal communication channel and communication is decentralized.
Explain the term opportunity cost
Answer:
the loss of potential gain from other alternatives when one alternative is chosen.
"idle cash balances represent an opportunity cost in terms of lost interest"
Explanation:
The basic logic behind the Rational Rule for Sellers is that a company owner should increase output as long as the extra output A. moves the company toward maximum total revenue. B. leads to a larger gap between price and average total costs. C. leads the company toward minimum average total costs. D. adds more to revenue than it adds to costs.
According to the logic behind the Rational Rule for Sellers, a company owner should increase output when the extra output D. adds more to revenue than it adds to costs.
According to the Rational Rule for Sellers, a seller should only choose the output level where the marginal cost is equal to the marginal revenue.
It should be noted that the owner of a company should increase output when the extra output adds more to revenue than it adds to costs. This is vital in order to increase the revenue and profit of the firm.
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A single factory produces two different products during each half of the year with equivalent fixed cost; from January through June they produce Product A and from July through December they produce Product B. Product B costs three times as much to produce and the price of Product A is one third of Product B. The breakeven quantity of Product A as related to the breakeven quantity of product B is best represented by:
The breakeven quantity of Product A as related to product be is 1/3.
The breakeven quantity refers to the minimum of units a company needs to sell to cover the costs that implied producing that good.
For example, if production costs are $1000 and each unit sale price is 10, the company will need to sell at least 100 units ($1000 / 10 = 100).
In the case of product A and B, it is known product A cost only 1/3 of product B. For example:
Product A: $100 (production cost).Product B: $300 (production cost).In this context, the breakeven quantity for product A will be a third of the one for product B.
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observant real life story examples
Answer:
real life story real life stories is a story that mean in real life
As opposed to running for office, careers in
government administration are what kind of
positions?
A. permanent
B. freelance
C. contract
Answer:
I think its freelance .
Answer:
The answer would be B. freelance
Explanation:
I got it right on my test; Edmentum
Mickey and Minnie each have a budget of $80 per moth to spend on downloaded music tracks and live concerts. At the initial price, Mickey consumes both goods but Minnie buys only downloaded music an does not go to live concerts. Now the price of live concerts falls. Use figures to show that Mickey’s utility must increase and that Minnie’s utility may increase or stay the same, but cannot fall.
Answer:
sanaol may pera
Explanation:
#fyp tikrok
The question is about the spent of budget and their utility.
Minnie and Mickey have a budget of $80 each per month to spend on music and concerts.
Mickey consumes both to spend his budget but Minnie only consumes her budget for downloaded music.
Now that the price for concert have decreased Mickey will be able to spend more on either options as he will be paying less for concert tickets. Therefore Mickey's utility will increase.
While Minnie only consuming downloaded music will have no impact upon falling prices for the concert. Therefore her utility will remain same.
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Your brother rarely filters his observations and often makes insensitive comments that
offend others. What skill does he need to work on?
ed
a. Code-switching
b. Self-monitoring
c. Multimodality
d. Circumscribing
Considering the situation described above, my brother needs to work on Self-Monitoring.
This is because Self-Monitoring is a term often used in sociology to describe the ability to is a personality trait that involves monitoring and regulating personal presentations, emotions, and attitudes towards his social environments and situations.
By mastering the habit of Self-Monitoring, my brother would be aware of his words, behaviors, and emotions towards its effects on the people around him.
Hence, in this case, it is concluded that the correct answer is "Self-Monitoring."
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Dominique and Isidora Wilson are wealthy entrepreneurs who are very interested in helping people who have been wrongly convicted of crimes. What philosophy would they choose to implement
People do things for different reasons.The philosophy they would they choose to implement is Philanthropy.
Philanthropy is a term that goes beyond the act of giving, Its aim is to encourage change in the community and people.This act been pursued is equally beneficial for the performer and the recipient. The field of philanthropy is lead by professional companies and people to worthy causes.
Giving yourself to a cause is very personal, and sometimes emotionally taxing of your time and money.
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Using your understanding of how conflict occurs, complete the sentence.
The two managers often engaged in ______________________; in today’s meeting, they had a spirited debate over the project’s optimal workflow, and their disagreement ultimately led to a creative solution.
a. relationship conflict
b. groupthink
c. task conflict
Answer:
c. task conflict
Explanation:
The two managers often engaged in task conflict; in today’s meeting, they had a spirited debate over the project’s optimal workflow, and their disagreement ultimately led to a creative solution.
Nonverbal communication sends powerful messages through body language and facial expressions. This set of questions covers nonverbal behavior as it is typically expressed in U.S. business culture. Your country or culture may use different styles of nonverbal communication.
When a person meets a group of people for the first time, he or she pays more attention to:
a. Body language, the sounds of conversation (angry, happy, animated, and so forth), and people’s expressions
b. The words that people say when they introduce themselves
Answer:
a. Body language, the sounds of conversation (angry, happy, animated, and so forth), and people’s expressions
Explanation:
Studies show that people place far more emphasis on nonverbal cues than on verbal cues when interpreting messages. Thus, whenever people interact face to face, they are more likely to pay attention to nonverbal cues, such as vocal tones and gestures.
What is the major difference between a conventional marketing channel and a vertical marketing system (VMS)
Answer:
ha I sry I'm sry
A major glass factory just closed because it wasn't making enough money to sustain itself. As a result, hundreds of workers lost their jobs. In addition to impacting the people who are now unemployed, what impact does this factory closure have on other businesses in the area
Answer:
They are very sad now because they liked the old factory.
Consider the market for land in central Pennsylvania, where land is used mainly for growing agricultural goods, as compared to the market for land in Rittenhouse Square, a small section of Philadelphia known for its cafes and shopping.
Because the supply of land in central Pennsylvania is_____, buyers in central Pennsylvania pay____for use of the land. The rental price of land is much lower in central Pennsylvania than in more densely populated areas like Rittenhouse Square. One possible explanation for this rent difference is that highly productive land is in low____.
Some entrepreneurs decide to build parking lots in Rittenhouse Square. The supply curve for land to be used for parking lots is_____.
The supply land in central Pennsylvania is perfectly inelastic, buyers in central Pennsylvania pay an interest rate for land use.
The rental price is lower in central Pennsylvania than Rittenhouse Square. One possible explanation for this rent difference is that highly productive land is downward sloping.
Some entrepreneurs decide to build parking lots on Rittenhouse Square. The supply curve for land to be used in parking lots is upward slopping.
Perfectly inelastic supply corresponds to one in which the demand curve is vertical, that is, the quantity demanded does not respond very strongly to price changes.
Buyers pay an interest rate for the use of the land, as the quantity demanded does not change if the price changes.
The rent price in central Pennsylvania is lower than in the Rittenhouse Squar due to the downward sloping curve that corresponds to lower interest expectations in the future, due to the elasticity of the supply.
The construction of parking lots in Rittenhouse Square is upward sloping because of the response to the profit that entrepreneurs hope to achieve in a perfectly elastic market.
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Chase Company owns 80% of Lawrence Company and 40% of Ross Company. Lawrence Company also owns 30% of Ross Company. Separate operating incomes for 2011 of Chase, Lawrence, and Ross are $450,000, $300,000, and $250,000, respectively. Each company also retains a $20,000 unrealized gain in their current income figures. Annual amortization expense of $15,000 is assigned to Chase's investment in Lawrence and another $15,000 is assigned to Lawrence's investment in Ross. Compute the noncontrolling interest in Ross' net income for 2011. $92,000. $77,400. $75,000. $64,500. $69,000.
The non-controlling interest in Ross Company's 2011 net income is A. $92,000.
Data and Calculations:
Chase Company's shareholding in Lawrence Company = 80%
Chase Company's shareholding in Ross Company = 40%
Lawrence Company's shareholding in Ross Company = 30%
Chase Lawrence Rose
Operating incomes for 2011 $450,000 $300,000 $250,000
Unrealized gain 20,000 20,000 20,000
Annual amortization expense 15,000 (15,000)
Therefore, Chase Company's shareholding in Ross Company = 64% (40% + 80% x 30%).
And Ross' non-controlling interest = 36% (100% - 64%)
= $92,000 ($250,000 + $20,000 - $15,000) x 36%
Thus, the non-controlling interest in Ross Company's 2011 net income is A. $92,000.
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Who else is affected when an organization acts unethically? Who is affected when an employee acts unethically? List at least three groups and explain how each group is affected by unethical actions by a employer and an employee.
Employees can be affected when an organization acts unethically such as not enforcing safety laws and not providing proper equipment to employees which can also lead to dangerous environments which lead to injury or death
Customers can be affected when improper enforcement is used while creating or producing products or goods that a customer would then use.
Shareholders can be affected financially if news of unethical actions by the entity was declared by the public.
How does the opportunity cost principle explain the relationship between the real interest rate and investment spending?
As the interest rate rises,
the more spending businesses want to do.
the less attractive it is to leave money in the bank instead of spending on investments.
the more attractive it is to leave money in the bank instead of spending on investments.
it has no effect on investment spending. If firms need to expand, they will invest regardless of the interest rate.
b. The investment line is
because of the relationship between real interest rates and investment
spending
perfectly elastic
vertical
upward-sloping
downward-sloping
The opportunity cost illustrates the relationship that exists between them because as the interest rate rises, the more attractive it is to leave money in the bank instead of spending on investments.
The investment line is downward sloping because of the relationship between real interest rates and investment spending.
Opportunity cost simply means what one foregoes in order to get something else. It should be noted that when there's an increase in the interest rate, this will lead, the cost of borrowing will be high. Therefore, there'll be a reduction in investment.
Therefore, there's a negative relationship between interest rate and investment spending. This then leads to a downward-sloping curve.
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