Fill in the blanks with appropriate option.

In a business franchise, who develops the product and business systems?

vladimir2022 [97]

Answer:

It depends on the type of business franchise.

In a business format franchise, the franchise will provide the franchisee all of the necessary things for a product + business system like marketing assistance, machines, supplies, etc... An example of this would be a fast food restaurant or a retail store.

In a product distribution franchise, the work is all up to the franchisee. The franchise will provide the logo and the right to sell its product but leaves the rest of the work to the franchisee. An example of this would be a car dealership or a gas station.

6 0

3 years ago

Currently, our system is characterized by a lack of fit between what the customer wants and what the SCM system is best able to

andre [41]

Answer:

This question is incomplete, the options are missing. The options are the following:

A) I only

B) II only

C) III only

D) I and II only

E) I, II and III

And the correct answer is the option B: II only: Unless something is done, our firm will not be the most effective and efficient long-term supplier.

Explanation:

To begin with, the concept known as SCM refers to the Supply Chain Management that is the system whose main purpose is to take care of the management of the flow of the services and goods that involves the raw materials needed for the production of the product of the company and also of the work-in-process inventory as well as the finished goods. That is why that this system is the one that is in charge of the whole flow of the product of the company from its origin in the process until the final line that is the consumption of it. Therefore that if there is a lack of fit between what the customer wants and what the SCM is best able to provide then if nothing is done, the firm will not be the most effective and efficient long-term supplier.

7 0

3 years ago

The following information relates to the Magna Company for the upcoming year, based on 402,000 units. Amount Per Unit Sales $ 10

MAXImum [283]

Answer:

Ans. The operating profits will increased by $216,683.58 by increasing the sales by 66,000 units ( $1,049,400)

Explanation:

Hi, first we have to consider that Magna has sufficient capacity to handle this additional order, it means that its manufacturing overhead is not going to increase, in other words, our costs of goods sold, for the first 402,000 units are going to be $13/unit (COGS no manufacturing overhead)+ $1,360,000 of fixed manufacturing overhead.

We could do the same with the operating expenses, but there is no use for that since no additional operating expenses (as a whole) need to be added for this additional 66,000 units.

Before this additional 66k sale, this is what we have.

Unit

Amount 402,000

Sales $26 $10,452,000

COGS(no overhead) $13 $5,072,000

Fixes man overhead $3 $1,360,000

Gross Margin $10 $4,020,000

Oper expenses $0.86 $346,300

Fixed Marketing expense $0.29 $116,000

Operating profit $3,557,700

Now, let´s see how it looks when we add this additional 66k units to the P&L statement.

Unit

Amount 468,000

Sales $26 $10,452,000

Sales( at $15.90) $15.9 $ 1,049,400

COGS(no overhead) $13 $5,904,716

Fixes man overhead $3 $1,360,000

Gross Margin $10 $4,236,684

Oper expenses $0.86 $346,300

Fixed Marketing expense $0.29 $116,000

Operating profit $3,774,383

Therefore, the company´s operating profits will increase in $216,683.58

($3,774,383.58 - $3,557,700).

Best of luck.

4 0

4 years ago

Simmons Corporation reports the following information: Correction of understatement of depreciation expense in prior years, net

Juli2301 [7.4K]

Answer:

$2,250,000

Explanation:

The computation of retained earnings is shown below:-

Retained earnings 31/1/17 = Retained earning 1/1/17 + Net income of current year - Understatement of depreciation expenses - Dividends declared

= $2,000,000 + 1,000,000 - $430,000 - $320,000

= $2,250,000

Therefore for computing the retained earnings 31/1/17 we simply applied the above formula.

As we assume that the question is asked for the 31/1/17 instead of 1/1/17 as it is already mentioned in the question

7 0

4 years ago

Swifty Corporation began the year with retained earnings of $102000. During 2022, the company issued $80000 of common stock for

Norma-Jean [14]

Answer:

the net income for the year 2022 of Swifty is $71000

Explanation:

The computation of the net income is shown below:

As we know that

The net income is

= revenues - expenses

= $743,000 - $672,000

= $71,000

Hence, the net income for the year 2022 of Swifty is $71000

We simply applied the above formula so that the correct value could come

8 0

3 years ago