Today, Franchising Is Represented in Almost Every Industry, with More

question 56

Multiple Choice

Today, franchising is represented in almost every industry, with more than ________ U.S. businesses being franchises.

• A) 225,000
• B) 909,000
• C) 2.5 million
• D) 25 million

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Definitions:

Debit Total

The sum of all debit entries made in an account or ledger over a specific period.

Credit Total

The sum of all credit transactions in an accounting period, representing the amount owed by a business to its creditors.

Income Statement

A financial statement that reports a company's financial performance over a specific accounting period, detailing revenues, expenses, and profits.

Current Ratio

A financial metric used to evaluate a company's ability to pay off its short-term liabilities with its short-term assets.