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victus00 [196]
3 years ago
6

What are the primary advantages to owning a franchise?

Business
2 answers:
Volgvan3 years ago
6 0

Answer:

Explanation:

Owning a franchise has the following main advantages:

1) A franchise owner gets valuable help throughout the lifespan of the business. Upon acquiring a franchise, the business owner receives a continuous training and assistance necessary for marketing and management.

2) Owning a franchise comes with a low rate of failure. A franchise comes with an established business concept that is already successful in the market which assures the owner of better chances of success compared to starting up an independent business.

zhenek [66]3 years ago
5 0

Answer:

There are several benefits and advantage of owning a franchise, but the most important one is that you are your own boss. If you are a entrepreneur and don't wish to work for someone else anymore, then a franchise is a good choice.

Other benefits include:

  • You don't need experience in that specific industry, when you purchase a franchise you acquire the franchiser's know-how.
  • Franchises have a large customer base and brand recognition. Imagine you are Mexico City and you have to choose between eating at Burger King or "El Rey del Burger".
  • Having a large customer base and brand recognition also comes with a lower business risk. Franchises are safer investments than new companies. Besides you have all the know-how and experience of hundreds or thousands of similar businesses.
  • Many times you can lower your costs because franchises have a large collective buying power. Imagine how much it would cost a local restaurant to purchase the same toys McDonald's gives in its happy meals.

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Lance Lawn Services reports warranty expense by estimating the amount that eventually will be paid to satisfy warranties on its
timofeeve [1]

Answer:

Explanation:

The journal entry is shown below:

Income tax expense A/c Dr $30,035,000

       To Deferred tax asset A/c $35,000

       To Income tax payable A/c $30,000,000

(Being the income tax expense is recorded)

The computation is shown below:

For deferred tax asset:

= Deferred tax rate - Warrant liability × tax rate

= $435,000 - $1,000,000 × 40%

= $435,000 - $400,000

= $35,000

For income tax payable:

= Taxable income × tax rate

= $75,000,000 × 40%

= $30,000,000

3 0
3 years ago
A company with a high ratio of fixed costs:
garik1379 [7]

Answer:

The correct answer is: more likely to experience a loss when sales are down than a company with mostly variable costs.

Explanation:

The fixed cost ratio is a simple ratio that divides fixed costs by net sales.

The profit formula is:

Profit = Sales- Total cost =(Price * Q)-(FC + VC*Q)

Where  

FC=Fixed cost

VC= variable cos t

Q=produce quantity

If sales go down,  we have to pay this fixed cost even if we have no sales.  So if this Fixed cost are high ,  is most likely we are going to experience loss

4 0
3 years ago
Which of the following would be an example of mechanical convection?
Ede4ka [16]
<span>D. Because mechanical convection is the transfer of heat to a free flowing fluid on a heated surface.</span>
4 0
3 years ago
Read 2 more answers
Mandy Ewing has been working as a veterinarian's assistant for almost a year. Her friend recently told that her employee was in
Crank

Answer:

The correct answer is letter "B": Fair Labor Standards Act.

Explanation:

The Fair Labor Standards Act or FLSA is the U.S. federal law that sets regulations on employees' payments. The FLSA aims to provide fair wages to all workers by <em>establishing minimum wages</em>, compensations for overtime work, and it also builds barriers for child labor.

6 0
3 years ago
Given the law of​ demand, you would expect the rise in the price of gasoline to​ ______ the quantity of gasoline demanded and​ _
just olya [345]

Answer:

C. decrease; not change

Explanation:

According to the law of demand, the higher the price, the lower the quantity demanded and the lower the price, the higher the quantity demanded.

The rise in price of gasoline only affects the quantity demanded. Other factors affect the demand for gasoline.

I hope my answer helps you

6 0
3 years ago
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