One of the key advantages of a franchise is: receiving management and marketing expertise from the franchisor. fewer restrictions on selling than in other forms of businesses. lower start-up costs than all other businesses. getting to keep all the profits of your business after taxes.

On april 1, santa fe, inc. paid griffith publishing company $2,448 for 36-month subscriptions to several different magazines. santa fe debited the prepayment to a prepaid subscriptions account, and the subscriptions started immediately. what amount should appear in the prepaid subscription account for santa fe, inc. after adjustments on december 31 of the first year assuming the company is using a calendar-year reporting period and no previous adjustment has been made?