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kotykmax [81]
2 years ago
8

Rage, a leading motor vehicle manufacturer, introduces a new superbike model. it invites proposals from independent dealers who

are willing to set up exclusive showrooms that only sell rage's superbikes. chosen dealers will sell and service the superbikes, and rage will oversee national advertising. this is most likely an example of a(n) ________.
Business
1 answer:
uysha [10]2 years ago
6 0
<span>This is most likely an example of a franchise opportunity. It could also be considered to be a hybrid type of franchise where the indepenent dealers have more leeway in how the business looks and how it is run. This would be a win/win for many independent dealers as the would still be making most of the local decisions.</span>
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If a product is repaired under warranty, the seller would record a journal entry that includes a ________.a. debit to Product Wa
Anastaziya [24]

Answer: Debit to Product Warranty Payable

Explanation: Product Warranty Payable is a liability account that has a credit balance. To increase a liability a credit is recorded while to reduce a liability a debit is recorded to the liability.

The seller maintains the warranty as a liability and initially records a debit to its product warranty expense and a credit to its product warranty Payable.

When a repair is done on a product under warranty, the seller records a debit to the product warranty Payable to reduce it’s liability.

Also, a debit to either supplies or cash will increase the expense and assets accounts respectively which will amount to incorrect journal entries.

8 0
2 years ago
Novak Corp. redeemed $134,000 face value, 10% bonds on April 30, 2022, at 103. The carrying value of the bonds at the redemption
Fittoniya [83]

Answer:

bonds payable     134,000 debit

loss on redemption 17,018 debit

cash                                             138,020 credit

discount on bonds payabke        12,998 credit

Explanation:

<u><em>redemption disbursement:</em></u>

face value x redemption quote

134,000  x  103/100 = <em>138,020</em>

<u><em>carrying value:</em></u>            <u>121,002</u>

loss at redemption        17,018

We are using 138,020 cash(asset) to pay a liability for 121,002

<u>discount/premium on the bonds:</u>

face value         134,000

carrying value   <u>121,002</u>

discount:             12,998

In the journal entry we must write-off the bond payable and the discount. Then, declare the loss at redemption and the cash used.

3 0
2 years ago
A market maker faces the following demand and supply for widgets. Eleven buyers are willing to buy at the following prices: $15,
beks73 [17]

Answer:

maximum profit ($30 in total) is obtained by selling 5 units

Explanation:

  1. if the market maker buys and sells one unit, his/her profit = $15 - $5 = $10
  2. if the market maker buys and sells two units, his/her profit = $10 + ($14 - $6) = $18
  3. if the market maker buys and sells three units, his/her profit = $18 + ($13 - $7) = $24
  4. if the market maker buys and sells four units, his/her profit = $24 + ($12 - $8) = $28
  5. if the market maker buys and sells five unit, his/her profit = $28 + ($11 - $9) = $30

the maximum profit per unit is obtained by selling only 1 unit, but the total maximum profit is obtained by selling 5 units.

3 0
2 years ago
What makes financial professions popular in Nepal?​
Elena-2011 [213]

if im not mistaking it's cause Nepal is rich in resources even if it's economically poor, the resources there are outstanding.

5 0
2 years ago
"the public safety office at millennium college maintains a list of parking tickets issued to vehicles parked illegally on the c
aalyn [17]

Parking illegally on college grounds is an offense so there fore parking tickets should be maintained

5 0
2 years ago
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