1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Anit [1.1K]
3 years ago
6

Liam owns a far horizons travel agency franchise. as a franchisee, liam is guaranteed the right to retain all of his franchise's

revenues and profits.
a. True
b. False
Business
1 answer:
FinnZ [79.3K]3 years ago
6 0
The statement that as a franchisee, Liam is guaranteed the right to retain all of his franchise's revenues and profits is false. 
Franchisees usually pay a royalty to the franchisor - the party that gets <span>the right to market a product or service using the trademark or trade name of another business (franchisee)</span>. The royalty can be a share of the franchisee's revenues or a share of the franchisee's profits.
You might be interested in
Which domain is the most common and reserved for commercial organizations and businesses?
kakasveta [241]

Answer:

The most common and reserved domain for commercial organizations and businesses is:

B) com

Explanation:

Some business organizations have also started the extension ".biz" as their domain.  But, this is not common.  Many use the ".com" domain.  The ".net" domain is also used by some business organizations.  Again, this is not common.  The ".org" domain is mostly used by nonprofit-making organizations.

3 0
3 years ago
Which of these situations produces the largest profits for oligopolists? a. The firms reach a Nash equilibrium. b. The firms rea
liraira [26]

Answer:

c. The firms reach the monopoly outcome.

Explanation:

The oligopoly is a market structure with a small number of competitors that have all of most if not all of the sales in an industry.  According to Nash theory, the equilibrium is reached when each competitor is doing the best it can given what its competitors are doing and have no incentive to deviate (acting all together as a monopoly).

4 0
3 years ago
During the taking of its physical inventory on December 31, 2014, Barry's Bike Shop incorrectly counted its inventory as $229,13
Naya [18.7K]

Answer:

Assets will be overstated and Net Income understated

Explanation:

The effect on the balance sheet and income statement

<u>Balance Sheet :</u>

Inventory will be overstated

Inventory belongs to the Current Asset group

Meaning Assets will be overstated

<u>Income Statement :</u>

Inventory will be overstated

This reduces cost of sales with an amount greater

Meaning Profits will be overstated

Conclusion

The effect on the balance sheet and income statement would be : Assets will be overstated and Net Income understated.

6 0
3 years ago
Present value​ (with changing interest​ rates).
densk [106]

Answer:

present value = $12811.98

present value = $11428.17

present value = $9964.92

Explanation:

given data

injury settlement = ​$14,000

time = 3 year

opportunity cost = 3​%

opportunity cost = 7​%

opportunity cost = 12​%

solution

we will apply here Present value formula that is

present value = \frac{future\ value}{(1+r)^t} ..............................1

put here value of opportunity cost rate we get

present value = \frac{14000}{(1+0.03)^3}

present value = $12811.98

and

present value = \frac{14000}{(1+0.07)^3}

present value = $11428.17

and

present value = \frac{14000}{(1+0.12)^3}

present value = $9964.92

6 0
3 years ago
A disadvantage of contingency funds is:
kramer

Answer: B) it is difficult to ascertain across what project activities contingency funds should be applied.

Explanation:

Contingency funds are needed to make sure that a company remains stable by being able to use these funds to take care of emergency needs as opposed to getting loans at short notice.

Contingency funds however have the disadvantage of being difficult to apply because it is difficult to ascertain across what project activities contingency funds should be applied.

If a project is going awry, determining exactly which part to apply the contingency funds has always been a hassle because knowing exactly where to apply the funds to, to get the project stable is not an easy task abd one could end up applying it to the song part therefore bringing doom to the project.

4 0
3 years ago
Other questions:
  • Before any month-end adjustments are made, the net income of Russell Company is $66,000. However, the following adjustments are
    8·1 answer
  • During 2013, Company A has the following transactions involving its common and preferred stock:
    5·1 answer
  • How to cancel membership
    7·2 answers
  • Which of the following borrowing purposes will most likely lead to increased earning potential for the individual borrowing mone
    8·2 answers
  • Weekly Company gathered the following information for the year ended December​ 31:Direct labor cost incurred for the year$ 180 c
    13·1 answer
  • Several studies indicate that the use of collaborative research agreement (between several firms, research centers, suppliers, c
    11·1 answer
  • Suppose that when disposable income decreases by $2,000, consumption spending increases by $1500. Given this information, we kno
    10·1 answer
  • Soar Incorporated is considering eliminating its mountain bike division, which reported an operating loss for the recent year of
    10·1 answer
  • During the year ended December 31, year 8, Dalgiesh Co. had sales of $1,500, cost of goods sold of $800, and sales, general and
    15·1 answer
  • Selections, a general partnership, operates a gift shop. Selections has five partners. Tony has a one-third interest in the part
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!