Which of the following statements about franchising is not true?

The payment to entrepreneurship is called

Novay_Z [31]

<span>Profit is the payment to entrepreneurship. When the entity’s amount earned exceeds the amount spent in buying, operating, or producing something and it has a financial gain, this is then the term we call the profit. This is what an entity obtains when the amount of revenue from a business activity exceeds the expenses, costs and taxes which are all needed to sustain the activity. The owner may or may not decide to use the profit on the business. This is also defined as the money the business makes after all the expenses have been taken into account. It is any company’s goal to consistently earn profit. This is the reason why much of business performance is based on the various forms related to profitability. </span>

6 0

3 years ago

Acton Corporation, which applies manufacturing overhead on the basis of machine-hours, has provided the following data for its m

algol [13]

Answer:

option (b) $69,768

Explanation:

Data provided in question:

Estimated manufacturing overhead = $73,440

Estimated machine-hours = 1,800

Actual manufacturing overhead = $68,700

Actual machine-hours = 1,710

now,

The predetermined overhead rate = $\frac{\textup{Estimated manufacturing overhead}}{\textup{Estimated machine-hours}}$

or

The predetermined overhead rate = $\frac{\textup{73,440}}{\textup{1,800}}$

or

The predetermined overhead rate = $40.8 per hour

Therefore,

The applied manufacturing overhead for the year

= Actual machine-hours × predetermined overhead rate

= 1,710 × $40.8

= $69,768

Hence,

the correct answer is option (b) $69,768

5 0

3 years ago

Timothy is looking for suppliers for his cheese-making business. He examines a list of suppliers whom he can contact with a busi

elixir [45]

Answer: Supplier selection process

Explanation:

Supplier selection process is the scenario where an individual or a company wants to purchase an item and they contact various vendors who do such business, and asking them for prices, details; generally the requirements for the items they want, they now choose out of the various vendors options, that which matches what they want.

Timothy is in the supplier selection process, where he's evaluating every detail from the vendors based on his request, with an option to request from any of them that matches his request.

7 0

2 years ago

Which of the following is not true concerning the usage of public land. a. Public land is managed by federal and state agencies.

tekilochka [14]

Answer: The correct answer is "b. Unprotected lands exist inside federal parks.".

Explanation: The statement "Unprotected lands exist inside federal parks" is NOT TRUE concerning the usage of public land because there are no unprotected lands within federal parks.

5 0

2 years ago

Read 2 more answers

Need help fast!!!!!!!! :(

Margaret [11]

Answer: Compound interest pays interest on the principal and the interest earned in each period.

Explanation:edge 2020

6 0

2 years ago