Answer:
b. Cash received from customers at the time services were provided.
Explanation:
When a business recieves payment for goods or services rendered it has earned revenue.
Revenue is defined as the income that a business generates from normal business activities such as sales of goods and services.
It is also called sales turnover.
Answer:
D $22,000.
Explanation:
Mogul ships inventory
Cost of goods = $80,000+$8,000=$88,000
Cost of goods old = $60,000+$6,000=$66,000
Inventory =$88,000-$66,000
=$22,000
Therefore the amount of inventory will Mogul report at year end will be $22,000
Answer: Franchising.
Explanation:
As described in the question Burger King is taking part in franchising where it's company name and some key business information is shared with foreign companies and those company pay a little part of their profit to Burger King in return. Franchising is a business process which occurs when, a very successful/ well known business gives another business the right to use their business name and the known business gets paid a regular percentage of profit in return.
The rate of return is the amount received on top of the cost of the initial investment divided by the initial investment made.
Profit = $17,000 - $20
Profit = $16,980
Dividing the calculated by the initial investment and the number of years.
Rate of return = (($16980/$20)(100%) / (2014 - 1871)
Rate of return = (84900%) / 143
= 593.71%
ANSWER: 593.71%