The person who purchases the franchise is usually required to do all of the following except
a. invest money in the operation.
b. maintain a specified quality of performance.
c. pay a fee.
d. design a logo for the unit.
ANSWER: d
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What will be an ideal response?
Which of the following creative methods involves having participants write down their ideas several times a day?
A. Forced relationship B. Collective notebook method C. Parameter analysis D. Brainstorming
On January 1, a company issues bonds dated January 1 with a par value of $730,000. The bonds mature in 3 years. The contract rate is 10%, and interest is paid semiannually on June 30 and December 31. The bonds are sold for $718,000. The journal entry to record the first interest payment using straight-line amortization is:
A. Debit Interest Expense $34,500; debit Discount on Bonds Payable $2000; credit Cash $36,500. B. Debit Interest Payable $36,500; credit Cash $36,500. C. Debit Interest Expense $36,500; credit Cash $36,500. D. Debit Interest Expense $38,500; credit Discount on Bonds Payable $2000; credit Cash $36,500. E. Debit Interest Expense $36,500; credit Premium on Bonds Payable $2000; credit Cash $34,500.
Longer meetings usually result in better participation. _________________________
Answer the following statement true (T) or false (F)