Which of the following is the appropriate general journal entry to record the declarations cash dividends?
Cash Dividends
Dividends Payables
Paid-in Capital Dividends Payable
Dividends Payable
Answers
The appropriate general journal entry to record the declaration of cash dividends is:
Debit: Cash Dividends
Credit: Dividends Payable
This entry reflects the fact that the company is reducing its cash balance by paying dividends to its shareholders, and creating a liability for the same amount in the form of dividends payable.
Dividends payable is a temporary liability account that represents the amount of dividends owed to shareholders as of the date of declaration, but not yet paid.
No entry is required to record the transfer of the dividends payable amount to the paid-in capital account when the dividends are eventually paid, as the payment of cash dividends is a separate transaction.
It's worth noting that the specific accounts used for the entries may vary depending on the company's chart of accounts and accounting policies.
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Related Questions
Winters KC, Lee C-YS. Likelihood of developing an alcohol and cannabis use disorder during youth: association with recent use and age. Drug and Alcohol Dependence. 2008;92(1-3):239-247.
Answers
The study by Winters and Lee examines the likelihood of developing alcohol and cannabis use disorders among youth, focusing on the associations with recent use and age.
The study conducted by Winters and Lee explores the relationship between recent alcohol and cannabis use and the risk of developing use disorders among young individuals. The researchers aimed to understand how the timing and frequency of substance use during youth contribute to the likelihood of developing alcohol and cannabis use disorders.
The study's findings suggest that recent use of alcohol and cannabis is strongly associated with an increased risk of developing use disorders among youth. The researchers also observed that the risk varies with age, indicating that the developmental stage of an individual plays a role in susceptibility to substance use disorders.
By examining the association between recent substance use, age, and the likelihood of developing use disorders, the study provides valuable insights into the factors that contribute to the development of alcohol and cannabis dependence during youth. This information can inform prevention and intervention strategies to mitigate the risks associated with substance use among young individuals.
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Peggy started work after graduation and started investing.
Why do you think Peggy would have decided to invest?
A. to keep her finances liquid for emergencies
B. to earn compound interest
C. to minimize the risk of losing money
D. to build on her retirement fund
E. to take out a student loan for further education
Answers
Answer:
c
Explanation:
Highschool students still don’t know what to do after graduation and may lead to debt after
Below is the income tax system for the country of Genovia.
For income from $0 to $100, no income tax.
For all income above $100 but less than $400, the tax rate is 20%.
For all income above $400, the tax rate is 40%.
Jane Doe’s income is $500. What is her AVERAGE tax rate?
Group of answer choices
40%
33%
50%
20%
25%
Answers
Answer:
24%
Explanation:
The computation of the average tax rate is shown below:
Given that
From income $0 to $100, no income tax is applicable
From income above $100 upto $400, the tax rate is 20%
The income above $400, the tax rate is 40%
So based on the above information
Since the Jane doe income is $500
So here the average tax rate is
= (400 × 0.20) + (100 × 0.40) ÷ $500
= ($80 + $40) ÷ ($500)
= ($120) ÷ ($500)
= 24%
This is the answer but the same is not provided in the given options
A few years ago tax payers received a tax rebate check from the internal revenue services? these funds were distributed because
Answers
A few years ago, taxpayers received a tax rebate check from the Internal Revenue Services (IRS). These funds were distributed as a result of a surplus in tax revenues collected by the government.
The purpose of issuing tax rebates was to stimulate the economy by putting money back into the hands of taxpayers, thereby encouraging increased spending and economic growth.The Internal Revenue Services (IRS) used to mail tax refund checks to taxpayers a few years ago. These money were given out as a result of the government collecting more taxes than it needed to. Tax refunds were issued with the intention of stimulating the economy by returning money to taxpayers, which would then promote higher consumer spending and economic expansion.
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Robot Smart Ltd is a leading high-tech company which is incorporated in Surrey, BC. The
company wants to add an additional production line in August 2022. They hired you, a UCW
graduate, to prepare a capital budgeting for the project.
Below is the information that your manager provided:
1. The facility is made up of one piece of land in North Vancouver value at 10%, one non
residential building value at 20% of the total cost 70% of manufacturing equipment. At
the end of project’s life, the equipment will be sold for an estimated $0.2 million; assume
the building’s value will be $0.1 million. Land residual value is unclear.
2. Start-up costs include $1.5 million to build the production facilities, including land,
building and equipment. The project will last for 8 years.
3. The company estimated that it is able to make 2300 of its new products – robots, could be
sold annually over the next eight years at a price of $800 each. Variable costs per robot
are $300 and each year’s fixed costs is 55,000.
4. To handle the new product line, Robot Smart’s net operating working capital would have
to increase by an amount equal to 10% of sales revenues and will be half recovered at the
end of project.
5. However, if Robot introduces its new products, sales of its existing products will fall
$300,000 per year. There will also be $80,000 to hire new workers who are familiar with
the new equipment operation. The market research on the new robots was $350,000. The
company will retool one of its existing manufacturing facilities to produce the new
model. The one-time retooling cost is $170,000. BC government also granted the
company an innovation funding of $10,000 in Jan 2022
6. The manager is complaining the inflation will affect fixed cost, variable cost and the sales
price in current years. The financial division has estimated the company’s WACC is
12%. The company also assume the sales will increase 8% per year.
Requirements
1. Using an Excel spreadsheet:
• Find the NPV of the project by using the pro forma financial statement method to determine cash
flows.
• Set up the necessary equations by referencing to the input variable cells. The spreadsheet must be
formula driven; do not put any numbers in equations, must use cell references.
Answers
If the NPV is positive, it indicates that the project is expected to generate more value than the initial investment and may be considered favorable. If the NPV is negative, it suggests that the project's expected cash flows may not be sufficient to recover the initial investment and may be considered unfavorable.
To calculate the NPV of the project using the pro forma financial statement method in Excel, you can follow these steps:
Open a new Excel spreadsheet.
Create a table to input the necessary variables and assumptions. Include the following columns: Year, Sales, Variable Costs, Fixed Costs, Net Operating Working Capital, Depreciation, Income Tax, Cash Flow, Discount Factor, and Discounted Cash Flow.
Input the relevant information based on the given data. For example:
Year: 1 to 8 (representing the project's duration)
Sales: $800 * 2300 * (1 + 8%)^(Year-1)
Variable Costs: $300 * 2300 * (1 + 8%)^(Year-1)
Fixed Costs: $55,000
Net Operating Working Capital: 10% of Sales
Depreciation: ($1.5 million - $0.2 million - $0.1 million) / 8
Income Tax: (Sales - Variable Costs - Fixed Costs - Depreciation) * Tax Rate
Cash Flow: Sales - Variable Costs - Fixed Costs - Depreciation - Income Tax
Discount Factor: 1 / (1 + WACC)^Year
Discounted Cash Flow: Cash Flow * Discount Factor
Note: Adjust the formulas according to the specific cell references and assumptions you make in your spreadsheet.
Calculate the sum of the Discounted Cash Flow column to find the Net Present Value (NPV) of the project.
By comparing the NPV to the initial investment of $1.5 million, you can determine the financial viability of the project. If the NPV is positive, it indicates that the project is expected to generate more value than the initial investment and may be considered favorable. If the NPV is negative, it suggests that the project's expected cash flows may not be sufficient to recover the initial investment and may be considered unfavorable.
Ensure that you use consistent units (e.g., thousands or millions) throughout the calculations to maintain accuracy.
Remember, this is a basic overview, and you may need to consider additional factors or adjust the calculations based on specific requirements or assumptions provided by your manager.
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what are some things you want money can buy
Answers
Answer:
I want a new car and a home.
Explanation:
Please help worth bonus points!
Answers
Answer:
the 4th and 5th one is for france
Explanation:
this is done in france France, it is called french silver service, it's a method of food service at the table, it's known as à l'anglaise (English service)
4=the staff utilizes platters to serve cooked food
5=the last one
1= america, the first one.
2=Russia
3=russia
if I got anything mixed up, pls inform me.
PLSS HELP -->> societies make decisions about who gets the goods they produce by:
A. dividing goods based on the factors of production used to make them
B. determining whether a good has a high enough level of scarcity
C. considering whether the government should distribute the goods
D. differentiating between goods created using physical and human capital
Answers
Answer: C
Explanation: it’s c
Societies decide the distribution of goods being produced by considering if the government should take control of the same.
What is distribution of goods?The allocation of goods being produced in a society, which may or may not be under authority of a person, is known as distribution of goods.
Hence, option C holds true regarding the distribution of goods.
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I Will give brainliest!!!!!!!!!!!! Now I know this isn't a question for schools, but I figured I really need this answer. A friend and I have a really good idea for a device, but we don't know anything about making machines and coding. How would we get someone who would help us make this idea a reality. I don't mean investors, because then we would still need to make a prototype, I mean find someone with the capabilities of producing our product as well as code it, and so on
Answers
Answer:
post an ad online
Explanation:
or flyers in your city work well to, my friend and i did that and we got a lot of offers
Informing and educating the target audience about the product's benefits, characteristics, and features is part of the communication strategy in the ___________ phase of the product life cycle.A. IntroductionB. GrowthC. MaturityD. DeclineE. All of these
Answers
In the introduction phase of the product life cycle, informing and educating the target audience about the product's benefits, characteristics, and features is a crucial part of the communication strategy to create awareness and generate interest in the product. The correct answer is A. Introduction.
As the product moves through the other phases of the life cycle (growth, maturity, and decline), the communication strategy may shift to focus on other objectives such as building brand loyalty or addressing competition.
During the Introduction phase, a new product is being introduced to the market. The primary goal of this phase is to create awareness and generate interest among potential customers. This is achieved through effective communication strategies that highlight the unique features, benefits, and characteristics of the product. Marketers aim to educate the target audience about how the product addresses their needs and provides value.
In the Introduction phase, communication efforts focus on building brand awareness, establishing a market presence, and differentiating the product from competitors. Advertising, public relations, social media, and other promotional activities are employed to inform and educate the target audience about the product's advantages and persuade them to try it.
As the product progresses through the subsequent phases of Growth, Maturity, and Decline, the communication strategies may evolve to focus on different objectives such as increasing market share, maintaining customer loyalty, or managing the product's decline. However, the initial phase of informing and educating the target audience about the product's benefits occurs during the Introduction phase. Hence, A is the correct option.
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XYZ Company plans to sell 11,000 units of its product in January and another 10,000 in February. The beginning balance of finished goods is 1,100 on January 1 and XYZ Company wants an ending balance on January 31 of 1,000 units. How many units of its product should XYZ Company produce during January to meet its goals?
a. 9,900
b. 10,900
c. 11,000
d. 12,000
Answers
Answer:
10,900 units
Explanation:
The applicable formula is the formula for calculating the cost of goods sold, COGS.
COGS = The applicable formula is the formula for calculating the cost of goods sold, COGS.
COGS = Beginning inventory + purchases - closing inventory
In this case, COGS will be 11,000 units: Beginning balance 1100 and ending balance of 1000.
11,000 = 1100 + P -1000
11,000 = 1100-1000 +P
11,000 = 100 + P
P= 11,000 -100
P= 10,900
Productions should be 10,900
PLEASE HELP ASAP!! CORRECT ANSWER ONLY PLEASE!!!
Whitney’s employer contributes to the employees’ 401(k) plans as part of its benefit package. The company will match up to 6% of an employee’s salary. Suppose that Whitney’s salary is $2,800 per month, and she currently contributes 3% of her salary to her 401(k).
Whitney’s employer contributes ___% of her salary to her 401(k), or ___$ per month. To maximize her employer’s contributions, Whitney should contribute at least ___% of her salary to her 401(k).
Answers
Answer:
3%, 84, 6%
Explanation:
So lets look at what they are saying. They say that the company lets Whitney match up to 6% of her salary.
They say that Whitney matches up ONLY 3% of her salary
They also say that Whitney's salary is is 2,800 dollars per month.
The firs question asks what percenage of her salary Whintney's company contributes.
They said that Whitney contributes 3% of her salary.
So this means that the first answer box is 3%. Remember that it would not be 6%, becuase that is the MAXIMUM percentage that whitney's emplyers can contrubite of her salary, not the actualy percentage that whitney's employers are actually contributing.
Next we they ask for the amount of money this eprcentage is.
To find this, take 3% of her smonthly salary, which we know is 2,800:
2800*0.03
=
84
So we know that the answer for the second fill in box is 84.
Finally we have the third fill in box which is asking what percentage of her salary Whitney SHOULD be contributing.
Well, recall that they said the MAXIMUM percentage the company will ocntribute is 6%? And Whitney is only contributing 3%?
The answer to the last fill in box would be 6%, since that is the MAXIMUM amount of money that can be put into her 401k. She is only putting in 3% of her salary, which isnt as benfical.
The return of a portfolio is a __________ of individual
returns.
Multiple Choice
covariance
random outcome
productv
Answers
Option (c), The return of a portfolio is a "product" of individual returns.
What is the meaning of Portfolio return?A portfolio return refers to the profit or loss of an investment portfolio over a particular period. The return on a portfolio is a function of the combined returns of all of the investments in the portfolio. This implies that if the individual assets that make up a portfolio change, so will the portfolio's return.
What are individual returns?Individual returns are returns earned by an investor on a single investment. In contrast, Portfolio returns are returns earned on a group of investments, that is, in a portfolio of stocks or bonds.
The answer is product because portfolio returns are computed by adding the individual returns of a portfolio's investments together using weights assigned to each investment based on its portion of the portfolio's total value.
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Suppose Nusvo Ltd. just issued a dividend of $2.31 per share on its common stock. The company paid dividends of $1.95, $2.09, and $2.19 per share in the last three years. If the stock currently sells for $38, what is your best estimate of the company's cost of equity using the arithmetic average growth rate in dividends? 12.25% 11.52% 12.10% 11.75%
Answers
To estimate the cost of equity for Nusvo Ltd., we will use the Dividend Growth Model (DGM) and the arithmetic average growth rate in dividends. Here are the steps:
1. Calculate the growth rates for each period:
- Growth rate from Year 1 to Year 2: (2.09 - 1.95) / 1.95 = 0.07179 (7.179%)
- Growth rate from Year 2 to Year 3: (2.19 - 2.09) / 2.09 = 0.04785 (4.785%)
- Growth rate from Year 3 to Year 4: (2.31 - 2.19) / 2.19 = 0.05479 (5.479%)
2. Calculate the arithmetic average growth rate:
- (7.179% + 4.785% + 5.479%) / 3 = 5.814%
3. Use the DGM to estimate the cost of equity (Ke):
- Ke = (D1 / P0) + g
- D1 = Next year's dividend = current dividend * (1 + growth rate) = 2.31 * (1 + 0.05814) = 2.44
- P0 = Current stock price = $38
- g = Growth rate = 5.814%
- Ke = (2.44 / 38) + 0.05814 = 0.06421 + 0.05814 = 0.12235 (12.235%)
Your best estimate of the company's cost of equity using the arithmetic average growth rate in dividends is 12.235%, which is closest to the given option of 12.25%.
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The Missed Promotion (exercise) Individual Values Assignment (10%). Due Week 5. Please read Friedman’s Chapter "Clarifying Your Values" (in the course packet). Then complete the individual Values Assignment, which is a two-three page, double-spaced paper. The paper should identify three to five values that are most important to you and explain how each of these values has influenced key decisions you have made in your life. Additionally, describe two ethically challenging situations in which you did and did not speak out.
Answers
This assignment involves identifying important values, explaining their influence on decisions, and discussing ethically challenging situations.
In this assignment, you will explore your personal values and their impact on decision-making. Identify three to five values that hold significance for you and explain how they have influenced your decision-making process in various aspects of your life. Discuss the reasons behind your choices and provide specific examples to illustrate their influence.
Furthermore, describe two ethically challenging situations you have encountered. The first situation should highlight a time when you spoke out, demonstrating ethical courage and integrity. Explain the context, your actions, and the outcome. The second situation should focus on a time when you chose not to speak out and discuss the ethical implications of your silence. Reflect on the reasons for your decision and analyze the potential consequences.
Through this assignment, you will deepen your understanding of your personal values, their role in decision-making, and the ethical dilemmas you may encounter. It provides an opportunity for self-reflection and introspection, allowing you to consider the alignment between your values and your actions in challenging situations.
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According to the environment industry organization for model cell 2 represents which of these environments
Answers
It should be noted that in the environment industry organization model, cell 2 simply means B. Complex stable environment.
The business or industry environment simply means the environment where an organization operates. It includes the customers, partners, suppliers, etc.
In the environment industry organization model, cell 2 simply means the complex stable environment.
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Write an Implementation timetable for my Poultry Egg Farming to
start this year 2022
Answers
Implementation timetable for poultry egg farming that can be used to start the farming business in 2022 is as follows: January: Write out the details of the farm, including the business name, location, business structure, and other essential components. Determine the farm's objectives and goals.
February: Determine the farm's financial requirements and resources. Investigate the available funding options .March: Select a farm location and begin constructing the facilities necessary to house chickens. April: Purchase chickens, food, and other necessary equipment. May: Begin production and set up a marketing strategy.
In poultry farming, the implementation timetable should begin at least six months before the anticipated startup date. This schedule can assist in determining when the necessary steps should take place. It is essential to recognize that each farm's implementation timeline may differ depending on the area, equipment availability, and government regulations. Therefore, the above timetable is a general guideline that can be used as a reference. A poultry farming business is an excellent choice since it is profitable and provides high returns on investment.
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ECONOMICS!HELP!!!!!!!
Answers
if disbursements are greater than receipts in anytime period the entrepeneur must either borrow funds or have cash in a bank account quizle
Answers
When disbursements are greater than receipts, entrepreneurs must either borrow funds or use cash reserves in a bank account to meet the shortfall.
If disbursements are greater than receipts in any time period, it means that the entrepreneur is spending more money than they are earning. In such a situation, the entrepreneur has two options: they can either borrow funds or use the cash they have in a bank account to cover the shortfall.
Borrowing funds is a common solution for entrepreneurs who face temporary cash flow challenges. They can approach financial institutions or lenders to obtain loans or credit lines to bridge the gap between their expenses and revenues.
By borrowing funds, entrepreneurs can ensure that they have enough capital to meet their obligations and continue operating their business.
Alternatively, entrepreneurs can use the cash they have in a bank account to cover the deficit.
This assumes that the entrepreneur has maintained sufficient cash reserves or savings to handle unexpected expenses or periods of reduced revenue. By utilizing their existing cash reserves, entrepreneurs can avoid incurring debt or interest charges associated with borrowing.
Choosing between borrowing funds or using existing cash reserves depends on various factors, including the entrepreneur's financial situation, creditworthiness, and the duration of the cash flow imbalance.
It's essential for entrepreneurs to carefully evaluate their options and consider the potential impact on their overall financial health, interest costs, and repayment terms before making a decision.
In summary, if disbursements exceed receipts, entrepreneurs must either borrow funds or utilize cash reserves in a bank account to cover the shortfall.
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What is an example of a biological hazard?
A. Norovirus
B. Chlorine
C. Insulation
D. Hair
Answers
A typical example of a biological hazard is: A. Norovirus.
What is a biological hazard?A biological hazard is also referred to as biohazard and it can be defined as any type of biological substance which poses risk to the general well-being and health of a living organism such as:
NorovirusBacteriaFungiIn this context, we can infer and logically deduce that a typical example of a biological hazard is norovirus.
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Many performers, like singers, actors, and athletes, get paid large amounts of money. Do you think they earn these amounts or should they get paid less? Why?
Answers
Answer:
No, I don't because they put in a lot of hard work.
Explanation:
Do you think horticulture is a good business? Why? Or why not?
Answers
Answer:
As you can see, there are lots of reasons that working in horticulture is the best. The jobs are diverse and often quite dynamic and there is really something for everyone. Anyone who loves plants that is. Horticulture is a massive field and is simply defined as the study and practice of plants care and culture.
Explanation:
I hope it helps..
What is the top three criteria to be used to ensure timeline and accuracy of fixed
is request received
Answers
The following three factors must be met in order for requests for fixed income at timeline to be timely and accurate: clear and comprehensive directions: To prevent misunderstandings or misinterpretations, make sure the customer gives precise and specific instructions for the fixed income request.
Communicating promptly: Keep the lines of communication open with the customer to enable rapid notification of any modifications or updates to the request. complete documentation To guarantee accuracy and accountability, keep a record of all requests for fixed income and the related guidance and interactions.
Therefore, taxonomy alignment refers to an eligible economic activity that is meeting minimum standards for rights and significantly advancing at least one of the climate and environmental objectives, while also causing no appreciable harm to the other objectives.
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What happens if you get pulled over without insurance?.
Answers
Answer:
It depends on which state you are in. In Michigan if you operate a motor vehicle on state roadways and you don't have car insurance, you could face the following: Driver's license and registration suspension. Up to one year in jail. Fines and fees up to $500.
Explanation:
How long after taxes are accepted will they be deposited?.
Answers
RWJ 6-3 Josephine is studying for FRL 3000 Exam, help her decide which compounding period produces the highest present value given a stated annual interest rate and a future value?
Group of answer choices
a.Monthly
b.Annual
c.Semi-annual
d.Weekly
Answers
If josephine wants to maximize the present value, she should choose a compounding period of "daily" if it is available.
the compounding period that produces the highest present value given a stated annual interest rate and a future value is "daily".
the more frequently compounding occurs, the higher the present value will be. in this case, the given s are monthly, annual, semi-annual, and weekly. however, none of these s represent compounding on a daily basis.
compounding daily would result in the highest present value compared to the given s. daily compounding allows for the interest to be calculated and added to the account balance more frequently, resulting in a higher accumulation of interest over time.
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______ Is a market in which a large number of suppliers compete with each other to satisfy the needs and wants of a large numbers of consumers at a competitive price.???
Answers
Answer : Monopolistic competition
Answer:
Monopolistic Competition
Explanation:
In a monopolistic competitive market, there are large numbers of sellers who do not sell identical products instead they sell differential products. They compete with each other at a competitive price. The products could be differentiated in many ways including quality, style, location and even brand name. Since they compete at a competitive price, if there is a substantial rise in the price of any of the products, the buyers could quickly shift from one product to another. The most crucial factor behind product differentiation is because of geographical factors. Under a monopolistic competitive market, the sellers do not have any influence over customer loyalty and limited control over the price.
Max is using a search engine to do research on trends in his industry when he comes across a website that isn’t necessarily related to his research–but is interesting and engaging. Without realizing it, Max spends over an hour browsing through the webpage’s numerous articles and links. When his boss asks him if his research report will be ready by the end of the day, Max isn’t sure how to respond. He’s hardly done any work–but it’s not like he was purposely avoiding work. He was using the search engine for the purpose of research, after all. It’s not his fault that the search results weren’t very relevant. Max is considering asking his boss for an extension on his deadline so that he can spend more time researching. What do you think? What should Max do?
Answers
In this situation, Max has to first give his boss some advance notice that he wont be able to complete the report before deadline, explain himself briefly as to why that is, then ask for more time to be able to complete the task.
What is a deadline?A deadline indicates that a task or project is anticipated to be finished by that date and time. There is a clear expectation of what must be provided and by when thanks to deadlines. Employees are able to take charge of their work in this way and include deadlines into their time management techniques.
It's critical to schedule deadlines in advance because your work may be delayed. Recognize that some resources might be delayed and that some people might not be available. You may prevent the disaster of missing a deadline by making plans in advance.
Deadlines are crucial in business for a variety of reasons. They establish standards and encourage productive behavior in the workplace.
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The most basic form of ownership in a firm consists of:
Answers
How many Tim Hortons franchises are there? (franchises not including franchisees)