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Lisa [10]
3 years ago
6

Quentin operates an ice cream franchise that has shops throughout the United States. CoolCream Co., the franchisor, supplies the

ingredients and formula so that Quentin can create the ice cream in his store and sell it fresh to customers.
This relationship is known as a:

a) chain-style business operation.
b) joint development enterprise.
c) distributorship.
d) manufacturing or processing-plant arrangement.
Business
1 answer:
denpristay [2]3 years ago
6 0

Answer:

The correct answer is D

Explanation:

Arrangement of  manufacturing or processing-plant is the one which defines the relationship where the franchisor transmits or shifts to the franchisee for the essential ingredients or for the specifications in order to make the specific product. And then the franchisee will market at the retail or wholesale level as per the standards of the franchisor.

So, in this situation, the franchisor supplies the essential ingredients of the franchisee for his store and then the franchisee sold to customers the ice cream. Therefore, this relationship is regarded as manufacturing or processing-plant arrangement.

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At the beginning of the year, TRK started with $15,000 in beginning inventory. Throughout the period, TRK purchased $40,000 wort
serious [3.7K]

Answer:

$47,100

Explanation:

The cost of goods available for sale is the sum of the opening balance and the net purchases during the period.

The net purchases is the difference between the total purchases and the allowances and discounts and returns.

Hence,

Cost of goods available for sale

= $15,000 + $40,000 - $2,000 - $500 - $5,700 + $300

= $47,100

8 0
3 years ago
Four aspects of empowered performance are understanding variation, deciding what to measure, working correctly with data, and us
ozzi

Answer:

False

Explanation:

4 0
3 years ago
The maximum production of an oil refinery is 1400 barrels per day. The refinery can produce two types of fuel: gasoline and heat
qwelly [4]

Answer:

Maximum total profit = $4,800

Explanation:

When a business is faced with a problem of shortage of a resource which can be used to produced more than one product type, to maximize the use of the resource , the business should allocate it for production purpose in such a way that it maximizes the contribution per unit of the scare resource.

Therefore the Company should allocate the budget cost  to maximize the profit per production cost. This is done as follows:

Calculate the profit per budget cost and rank the product

                                              Gasoline      Heating oil

Profit per product cost         3/6=0.5                    4/8= 0.5

The two products produce the same profit per dollar of cost which is $0.5. So, they are equally ranked.

So the total profit= the budget cost × profit per budget

                           = 9,600× $0.5 =$4,800

Maximum total profit = $4,800

7 0
3 years ago
The financial statements of Trenton Office Supply include the following​ items: 2019 2018 Cash $ 46 comma 500 $ 43 comma 000 Sho
Juli2301 [7.4K]

Answer:

1.21

Explanation:

Current Ratio = Current Asset / Current Liabilities

= (Cash + Shortminusterm Investments + Net accounts receivable + Inventory) / Current Liabilities

= ( 46500 + 34000 + 102000 + 129000) / 257000

= 1.21

7 0
3 years ago
Read 2 more answers
List the characteristics typical of a c corporation
Svet_ta [14]

Answer:

The five main characteristics of a c corporation are:

  1. limited liability: the owners' liability is determined by the amount of money they invested in purchasing the corporation's stock.
  2. corporations are owned by stockholders: every single stockholder owns a piece of the corporation, the size of that piece is determined by the amount of stocks.
  3. double taxation: owners of the corporation suffer from double taxation because first the corporation must pay corporate taxes and then the owners must pay income taxes when they receive dividends.
  4. corporations are separate entities: corporations exist by themselves, they are born when they are created and die when they are dissolved.
  5. corporations are professionally managed: the owners elect a board of directors and the board is responsible for hiring professional management.

Explanation:

3 0
3 years ago
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