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2 years ago

I want to know about starting my own business or franchise can you help me get started thsnk you. Dennisomalley

1 answer:

5 0

A franchise business can be started with purchasing a franchise rights, these rights are usually sold by chain businesses however there are some small businesses who also provide franchise.

<h3 /><h3>What is a Franchise?</h3>

A franchise is a legal right to run the operations of a business under the same name, however there are some factors that needs to be maintained these factors are mentioned in the agreement and must be met by the franchisee at all times.

In return for the franchise there is a lump sum payment which entitles the acquirer/ franchisee for the use of legal name of that business, also these rights are for a certain number of years.

For the duration of the franchise agreement the franchise owner is responsible for all the advertisement expenditure.

When starting a new business it is recommended that a franchise is acquired if they have no past experience of the business.

Learn more about Franchise at brainly.com/question/27158354

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Jean's Fitness Club provides monthly memberships as well as personal training sessions. The personal trainers earn 50% of the re

kiruha [24]

Answer:

c. $175,500

Explanation:

Revenue $140,000

Training revenue $75,000

Product Sales <u>$65,000 </u>

Total Revenue $280,000

Variable Expenses

Personal trainer wages expense $70,000

Cost of Product sold $35,000

Total Variable Cost (<u>$105,000)</u>

Contribution margin / operating income $175,000

Fixed Costs

Space rental expense $11,000

Depreciation expense $6,000

Rental insurance expense $3,000

Front desk staff wages expense $12,000

Total Fixed cost (<u>$32,000)</u>

Net Income <u>$143,000</u>

8 0

3 years ago

Find the present value of the following stream of cash flows assuming that the firms opportuiny costs is 9 percent. 1-5 years 10

Yanka [14]

Answer:

∑( Cash flow × PVF) = 79,347

Explanation:

Given:

Opportunity cost = 9%

Cash flow for 1-5 years = 10,000

Cash flow for 6-10 years = 16,000

Now,

Present value factor (PVF) = $\frac{\textup{1}}{\textup{(1 + 0.09)^n}}$

here, n is the year

For year 1 to 5

Year Cash flow PVF Cash flow × PVF

1 10000 0.9174 9174

2 10000 0.8417 8417

3 10000 0.7722 7722

4 10000 0.7084 7084

5 10000 0.6499 6499

for years 6 to 10

Year Cash flow PVF Cash flow × PVF

6 16000 0.5963 9540.8

7 16000 0.547 8752

8 16000 0.5019 8030.4

9 16000 0.4604 7366.4

10 16000 0.4224 6758.4

========================================================

∑( Cash flow × PVF) = 79,347

========================================================

taking the PVF to 5 decimal places will make 79,347 ≈ 79,348

8 0

3 years ago

During April, the first production department of a process manufacturing system completed its work on 375,000 units of a product

d1i1m1o1n [39]

Answer:

Using the weighted average method, the Equivalent units for material is:

= Units completed and transferred out + Equivalent closing material

= 375,000 + (97,000 units * 80% complete with respect to materials)

= 375,000 + 77,600

= 452,600 units

Equivalent units for conversion:

= Units completed and transferred out + Equivalent closing units with respect to conversion

= 375,000 + (97,000 * 30%)

= 375,000 + 29,100

= 404,100 units

3 0

3 years ago

Which of the following statements is not correct?

Korvikt [17]

Answer:

B) To maximize profit, firms should produce at a level of output where price equals average variable cost

Explanation:

Firms maximize their profit by equating Marginal revenue with The Marginal cost. So, since for perfectly competitive firms, the price equals the Marginal revenue, for these firms profit is maximized by equating Price with Marginal cost not the average variable cost.

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3 years ago

When advertisers use "before" and "after" photographs to convince people to buy their products, they often use various tricks to

Mice21 [21]

Answer:

the answer is true

Explanation:

i dont know how to explain it.. i'm sorry

4 0

3 years ago

Read 2 more answers