The franchisee supplies
A. the required training for the franchised business.
B. a known and advertised business name.
C. a method of doing business.
D. the required materials for the franchised business.
E. labor and capital, and owns and operates the outlet.
Answer: E
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If $475,000 of bonds payable are sold at 101, $475,000 would be reported in the cash flows from financing activitiessection of the statement of cash flows
a. True b. False Indicate whether the statement is true or false
List the advantages and disadvantages of a sole proprietorship over other forms of business organization
What will be an ideal response?
In non-binding arbitration:
A) The judge can offer suggestions for dispute resolution but cannot enforce these opinions. B) The two parties agree to open up, or unbind, their books for inspection by the other party. C) The client and project organizations both agree to perform exactly what the judge decrees. D) The client and project organizations are not bound by the rules of law.
Neal, a twelve-year-old, buys a pair of skis from Outdoor Outfitters (OO), telling the salesperson that he has never been skiing but "really wants to do it." The salesperson urges Neal to take a lesson in the sport before attempting a run, but Neal ignores the advice. On the first run, Neal loses control, hits a tree, and is injured. Neal files a suit against OO, alleging that it was negligent to have sold the skis to him, when he was clearly too young and inexperienced. How might OO defend itself?
What will be an ideal response?