When a franchisor provides access to the rights of the franchise rather than transferring control, the franchise revenue is recognized over time, rather than at a point in time.

Slumberland sold an $800 couch to Charles, and he paid cash. The sales tax rate is 8.5%. Looking at the transaction from Slumberland's point of view, which of the following statements is false?

A. Sales Tax Payable would be credited $68 B. Sales would be credited for $800 C. Cash would be debited for $868 D. Sales Tax Expense would be debited for $68

Which of the following is an advantage to exporting goods to reach international markets rather than entering into some form of FDI?

A) fewer agency costs B) fewer direct advantages from research and development C) a greater risk of losing markets to copycat goods producers D) an inability to exploit R&D as effectively as if also invested abroad