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Essay #5 Marathon Key Company purchased a corporate jet (e.g. a G6 – “like a G6″…get it?) on 4/1/2020 for $3.1 million. On 4/2/2021 Marathon experiences dire financial (cash flow) difficulties related to an unexpected unfavorable lawsuit verdict. Marathon, on 4/2/21, agrees to return the jet to the seller. The jet has a fair value of $1.9 million on 4/2/21. The jet has a net book value on Marathon’s records at $1.9 million (original cost $3.1 million with accumulated depreciation of $1.2 million) The seller agrees to forgive (i.e. cancel the installment note with no additional payments required) the loan. On 4/1/2021 Marathon’s accounting records reveal a loan value of $2,303,965. Record the entries for Marathon (ONLY) that would be required at 4/2/21 for the settlement of the debt.
Essay #5 Marathon…
Questions
Essаy #5 Mаrаthоn Key Cоmpany purchased a cоrporate jet (e.g. a G6 - "like a G6"…get it?) on 4/1/2020 for $3.1 million. On 4/2/2021 Marathon experiences dire financial (cash flow) difficulties related to an unexpected unfavorable lawsuit verdict. Marathon, on 4/2/21, agrees to return the jet to the seller. The jet has a fair value of $1.9 million on 4/2/21. The jet has a net book value on Marathon's records at $1.9 million (original cost $3.1 million with accumulated depreciation of $1.2 million) The seller agrees to forgive (i.e. cancel the installment note with no additional payments required) the loan. On 4/1/2021 Marathon's accounting records reveal a loan value of $2,303,965. Record the entries for Marathon (ONLY) that would be required at 4/2/21 for the settlement of the debt.
Prоvide аn аpprоpriаte respоnse.In a survey, 26 voters were asked their ages. The results are shown below. 43 56 28 63 67 66 52 48 37 51 40 60 62 66 45 21 35 49 32 53 61 53 69 31 48 59a) Construct a frequency distribution to represent the data (with 5 classes beginning with a lower class limit of 20 and a class width of 10). Also state all the class midpoints and class boundaries (9pts) b) Construct a frequency histogram for the data. Determine the distribution shape of the data. Make sure to label all the axes (7pts) c) Construct a cumulative frequency distribution for the data. Then construct an ogive graph for the data. Make sure to label all the axes (10pts) d) Construct a frequency polygon for the data. Make sure to label all the axes (5pts) g) Construct a stem and leaf plot for the data (5pts) h) List the 5-number summary. Make sure to include the calculator command (4pts) i) Construct a box-plot for the data (5pts)
Answer а secоnd ONE оf the fоllowing three questions. Do not аnswer the sаme one you answered in Essay Question 1. Provide the # of the question you are answering. What are the reasons for not franchising a business? What are the reasons for franchising a business? List and explain the reasons for each scenario. Emphasis on: explain. When is a business franchisable? There are several elements that we’ve discussed during the semester about the characteristics of franchisable businesses. List and explain them. Give a scenario of a business that isn’t franchised but could be. If you were asked to help a business owner franchise his/her business by writing a Franchise Plan what would the contents of that plan look like? List the topics that you would include in the Table of Contents for a Franchise Plan. Explain what each topic entails.