ADMS 3585 Study Guide - Accounts Receivable, Uee, Italian General Confederation Of Labour

• School: York University
• Department: Administrative Studies
• Course: ADMS 3585
• Professor: Donna Rex

Document Summary

York limited (york) is a medium sized, privately owned company located in toronto. The main focus of the business is to supply all the merchandise to its chain of 100 franchised stores. All of the franchise stores are individually owned. York is able to obtain low prices due to its significant buying power. York receives a royalty on all sales made by the franchise stores. In order to push sales, york initiated a campaign across all its franchised stores in 2014. The winning store will get a cash prize of. The contest also requires that all stores need to adopt ifrs in reporting the financial results. Based on a preliminary review of the results, the calgary store appears to be the winner as they reported a percentage increase of 300%. Their net income before tax for 2013 is ,000 and their net income before tax for 2014 is ,000.