Solution:
Amount of services performed = $20200000
For every $4 = 1 car dollar
Therefore,
For $20200000 = $(20200000/4) car dollar
= 5050000 Car Dollar
Cost of 5050000 car dollar for franchisee = 5050000*0.30 = $1515000
Standalone selling price of 5050000 car dollar for BMC = 5050000*0.35 = $1767500
Therefore,
Difference of cost for franchise and selling price for franchisee = Commission Revenue
= $1767500-1515000
=$252500
pls find comission revenue (MGHT 201/301) nent A franchise of automotive technidans has a contract arrangement...
pls find comission revenue ent A franchise of automotive technidans has a contract arrangement for a rewards program with a car manufacturing company and C Por every $4.00 Vis prored by technidan at anyone of the franchise locations, the customer is warded Car Dollar The Car Dolans can be redeemed towards the purchase of a motor vehide manufactured by BMC to the automotive technicians performed $20,200,000 worth of services in 2020. BMC have estimated the stand-alone selling price of $0.35...
Part (b) A franchise of automotive technicians has a contract arrangement for a rewards program with a car manufacturing company called BMC. For every $5.00 of services performed by an automotive technician at anyone of the franchise locations, the customer is awarded Car Dollars. The Car Dollars can be redeemed towards the purchase of a motor vehicle manufactured by BMC. In total the automotive technicians performed $23,000,000 worth of services in 2020. BMC have estimated the stand-alone selling price of...
A franchise of automotive technicians has a contract arrangement for a rewards program with a car manufacturing company called BMC. For every $4.00 of services performed by an automotive technician at anyone of the franchise locations, the customer is awarded Car Dollars. The Car Dollars can be redeemed towards the purchase of a motor vehicle manufactured by BMC. In total the automotive technicians performed $20,200,000 worth of services in 2020. BMC have estimated the stand-alone selling price of $0.35 and...
need the correct amounts A franchise of automotive technicians has a contract arrangement for a rewards program with a car manufacturing company called BMC. For every $5.00 of services performed by an automotive technician at anyone of the franchise locations, the customer is awarded Car Dollars. The Car Dollars can be redeemed towards the purchase of a motor vehicle manufactured by BMC. In total the automotive technicians performed $23,000,000 worth of services in 2020. BMC have estimated the stand-alone selling...
A franchise of automotive technicians has a contract arrangement for a rewards program with a car manufacturing company called BMC. For every $4.00 of services performed by an automotive technician at anyone of the franchise locations, the customer is awarded Car Dollars. The Car Dollars can be redeemed towards the purchase of a motor vehicle manufactured by BMC. In total the automotive technicians performed $18,880,000 worth of services in 2020. BMC have estimated the stand-alone selling price of $0.35 and...
Marin Inc.’s CFO has just left the office of the company president after a meeting about the draft SFP at April 30, 2020, and income statement for the year then ended. (Both are reproduced below.) “Our liquidity position looks healthy,” the president had remarked. “Look at the current and acid-test ratios, and the amount of working capital we have. And between the goodwill write off and depreciation, we have almost $23 million of non-cash expenses. I don’t understand why you’ve been...