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Temka [501]
2 years ago
5

George runs a small retail business. He sells brands that another business manufactures. George’s retail store uses the logos an

d trademarks of that business to attract customers. George thus acts as a dealer on behalf of the manufacturing business. Which type of franchise model does George’s retail business follow? A. trademark franchise B. product distribution franchise C. manufacturing franchise D. management franchise E. business format franchise
Business
1 answer:
KIM [24]2 years ago
4 0

Answer:  

trademark franchise

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Kai operates the Surf Shop in Laie, Hawaii, which designs, manufacturers, and customizes surf boards. Hawaii has a hypothetical
prohojiy [21]

Answer:

Explanation:

According to the Kai surf shop in Laie, Hawaii, below is the computation of sales and use tax of surf shop that must collect or remit.

A.

Kai doesn't have a sales tax nexus with Utah, therefore it will not have any sales tax liability. Instead, Kalani will have a tax liability in Utah that will be $63($1000 x 6.85%).

B.

kai will have a tax liability of $83($2000 x 4.166%) Also, Nick will have use tax liability of $87[($2000 x (9% - 4.166%)].

C.

Kai doesn't have a sales tax nexus with Michigan, therefore it will not have sales tax liability. Instead, Jim will have a use tax liability in Michigan will be $140($2000 x 6%)

D.

Sales and use tax is not imposed on sale of services. Therefore, neither Kai nor Scott will have any sales or use tax liability.

7 0
1 year ago
The following condensed balance sheet is for the partnership of Miller, Tyson, and Watson, who share profits and losses in the r
Natali5045456 [20]

Answer:

$67,000

Explanation:

Miller$72,000/60%=$ 120,000 loss to eliminate capital

Tyson$72,000/20%=$ 360,000 loss to eliminate capital

Watson$19,000/20%=$ 95,000 loss to eliminate capital

Watson is the partner most vulnerable to a loss of $95,000 which will inturn eliminate Watson's capital balance

Hence:

$162,000-$95,000

=$67,000

Therefore if the loss on disposal is less than $95,000, all partners will retain positive capital balances and receive some cash in liquidation reason been that other assets which is $162,000, must be sold for any amount over $67,000 for all partners to get cash.

7 0
1 year ago
Which of the following statements concerning service guarantees is FALSE? A service guarantee is a mechanism to build customer l
Serhud [2]

Answer:

A service guarantee is a way to avoid compensating customers for a service failure.

Explanation:

4 0
1 year ago
Pharoah Company just began business and made the following four inventory purchases in June: June 1 186 units $1290 June 10 248
kherson [118]

Answer:

<u>Ending Inventory 2,092</u>

<u></u>

Explanation:

PURCHASES  

DATE QUANTY PRICE         SUBTOTAL

1       186                 $6.935484   $1,290.00

10      248                   $7.78226   $1,930.00

15      248                  $8.38710   $2,080.00

28       186                  $8.81720   $1,640.00

<em>Inventory on hand 260</em>

Using FIFO <u>we have to pick from the bottom of the table</u> until reach 240 unit.

last line: June 28th 186 units total cost 1640

<em>240 - 186 = 54 units </em>

we need 54 more units so we go to next purchase

June 15th 54 units  at 8.3810 = 542.034 = 542

Now we add to get total ending ivnentory

186 units 1640

54 units 452

<u>Ending Inventory 2,092</u>

5 0
2 years ago
Read 2 more answers
What happens to the price and quantity of dog treats if the demand for dog treats increases and the supply of dog treats increas
kumpel [21]

Answer:

Demand Increase = Supply Increase : No change in price, quantity increases

Demand Increase > Supply Increase: Price increase, quantity increase

Demand Increase < Supply Increase : Price decrease, quantity increase

Explanation:

Markets are at equilibrium where market demand = market supply. And, upward sloping supply curve intersects with downward sloping demand curve.

If both demand & supply of dog treats increase, the effect on change in price & quantity will depend on their relative magnitude

  • If increase in demand = Increase in Supply : Both the curves shift equivalently rightwards. At new equilibrium -  there is no change in price, as demand increase is fulfilled by supply increase. The equilibrium quantity increases
  • If increase in demand > Increase in Supply : Demand curve shifts more rightwards than supply curve. This creates excess demand & competition among buyers increase the new equilibrium price. The equilibrium quantity also increases.
  • If increase in demand < Increase in Supply : Supply curve shifts more rightwards than demand curve. This creates excess supply & competition among sellers reduce the new equilibrium price. The new equilibrium quantity increases.
7 0
1 year ago
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