Which document provides information to possible new franchisees on 20 items required by the Federal Trade Commission?
A. Marketing statement
B. Business plan agreement
C. Disclosure statement
D. Buy-sell agreement
Answer: C
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Adjusting journal entries are made
A. at the beginning of the accounting period B. at the end of the accounting period C. when revenue is realized (or realizable) D. anytime we need to adjust an account
Using bar codes to take a physical inventory is considered poor accounting practice
Indicate whether the statement is true or false
To calculate the break-even point in units, one must know unit fixed cost, unit variable cost, and sales price.
Answer the following statement true (T) or false (F)
Suppose you read a website that says that a national organization found that attendance rates at high schools in U.S. cities is improving. On what type of data source is the claim in this story? based?
a. These data are results of an observational study
b. These data are responses from a survey
c. These data are distributed by an organization
d. These data are collected by ongoing business activities.
e. These data are outcomes of a designed experiment.