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2 years ago

What are the primary advantages to owning a franchise?

Business

2 answers:

Volgvan2 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]2 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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g Let D1 represent the demand curve for premium seats to the Broadway hit Hamilton, and let S1 represent the supply curve for th

natali 33 [55]

Answer:

(a) $ 1200

(b) $ 702.5

Explanation:

In the demand and supply curve, the price of goods and services changes with respect to market conditions such as scarcity and consumers' needs. In the problem, if the producers charge about $497.50, the scalper will definitely charge a price higher than that of the producers, in this case, $1200. Thus, this is $702.5 (i.e. $1200 - $497.50) more than the producers' charge.

3 0

3 years ago

Some of the transactions of Torres Company during August are listed below. Torres uses the periodic inventory method.

Nadya [2.5K]

Answer:

Purchase 12000 debit

Accounts Payable 12000 credit

--to record purchase--

Accounts Payable 1200 debit

Returns&Allowance 1200 credit

--to record returned goods--

Purchase 16000 debit

Accounts Payable 16000 credit

--to record purchase--

Purchase 20000 debit

Accounts Payable 20000 credit

--to record purchase--

Account Payable 16,000 debit

Purchase Discount 160 credit

Cash 15,840 credit

-to record payment within--

SECOND METHOD:

Purchase 11,760 debit

Accounts Payable 11,760 credit

--to record purchase--

Accounts Payable 1,176 debit

Returns&Allowance 1,176 credit

--to record returned goods--

Purchase 15,840 debit

Accounts Payable 15,840 credit

--to record purchase--

Purchase 19,600 debit

Accounts Payable 19,600 credit

--to record purchase--

Account Payable 16,000 debit

Cash 15,840 credit

-to record payment within--

interst expense 216 debit

account payable 216 credit

--to record interest incurred--

Explanation:

As we use periodic system we calculate the inventory and COGS at the end of the period so we use purchase and returns accounts rather than adjusting inventories in every transactions.

In the second method we use itnerest expense when the discount is loss.

<u><em>interest incurred for the period:</em></u>

(12,000 - 1,200) x 2% = 216

The secodn purchase at the end of the monthcan be paid within discount period therefore, we do not recognize interest expense yet.

3 0

3 years ago

X Company has two production departments, A and B. The following is budgeted information for all of its products in 2019, and ac

Zina [86]

Answer:

Explanation:

Overhead allocated to Product X = Department A overhead cost+ Department B overhead cost

= $51,157.84+$5755.62=

= $56,913

Calculations:

Using a single-driver allocation system, with direct labor hours as the driver, how much overhead was allocated to Product X:

Department A's Overhead rate per labor hour = Overhead costs/Total direct labor hours = $4300000/60000 hours = $71.66 per hour

Overhead (Department A) = $71.66per hour*724 labor hours

= $51,157.84

Department B's Overhead rate per labor hour = Overhead costs/Total direct labor hours = $2200000/60000 hours = $36.66 per hour

Overhead (Department A) = $36.66 per hour*157 labor hours

= $5755.62

6 0

3 years ago

Saira's Maid Service began the year with total assets of $120,000 and stockholders' equity of $40,000. During the year the compa

Whitepunk [10]

Answer:

$110,000

Explanation:

Calculation for How much was stockholders' equity at the end of the year

Beginning balance of stockholders' equity $40,000

Add net income $90,000

Less the dividends paid ($20,000)

Ending stockholders' equity $110,000

Therefore How much was stockholders' equity at the end of the year is $110,000

5 0

3 years ago

If an issuer sells bonds at a premium: Multiple Choice The carrying value increases from the par value to the issue price over t

AnnyKZ [126]

Answer:

The carrying value decreases from the issue price to the par value over the bond’s term.

Explanation:

The carrying value of a bond is the par value or face value of that bond plus any unamortized premiums or less any unamortized discounts. The net amount between the par value and the premium or discount is called the carrying value because it is reported on the balance sheet. When a bond is issued at a premium, the carrying value is higher than the face value of the bond.

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3 years ago