What Are Specific Locations of Ramada,McDonald's,and Subway Examples Of

question 74

Multiple Choice

What are specific locations of Ramada,McDonald's,and Subway examples of?

• A) government entities
• B) university sponsored businesses
• C) franchises
• D) networking businesses
• E) cooperatives

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Definitions:

Allowance Method

The allowance method is a technique used to account for bad debts, where a business estimates the portion of receivables that may not be collectible and records it as an expense.

Journal Entry

A record of financial transactions in the accounting records, showing the accounts and amounts to be debited and credited.

Estimated

A calculated approximation or judgement made without complete information, often used in planning or forecasting.

Temporary Account

A temporary account is used to track transactions during an accounting period, which is then transferred to a permanent account at the period's end, such as revenue and expense accounts.