Answer:
C. Franchisor; Franchisee
Explanation:
Franchising
This represents a Business Arrangement where licenses are given to other individuals or businesses by a business owner to trade its products and use its business name. The rights given to use a business owner's trademarks, logos, business systems, products and name. A franchising fee is usually paid in order to be part of a franchise. Businesses that usually run franchises include restaurants, salons and retailers among others.
In a francise, the Franchisor represents the owner of business model, franchise or the trade marks to products. The Franchisee represents the business or individual permitted to use the franchisor's business model, name, products or trademarks.
In the particular question, Midas is the Franchisor and the buyer of the franchise is the franchisee
Answer:
b. 6 years.
Explanation:
The formula and the calculation of the payback period is presented below:
= Initial investment ÷ Net cash flow
where,
Initial investment is $263,000
And, the net cash flow = After-tax net income + depreciation expenses
= $2,000 + $1,500
= $3,500
Now placed these values in the formula above, so the period would be equal to
= ($21,000) ÷ ($3,500)
= 6 years
<h3><u>Answer;</u></h3>
An artist who runs a business that paints murals in office buildings and restaurants
<h3><u>Explanation;</u></h3>
- <em><u>An entrepreneur is an individual who organizes or operates a business or a business venture by identifying an opportunity in the market. The entrepreneur starts a business by risking his/her own money for the business venture.</u></em>
- We can say that an entrepreneur combines the factors of productions, that is land, labor, and capital to produce products.
He or she has the capacity and willingness to develop, organize and manage a business venture along with any of its risks for the purpose of making profit.
Answer:
Audit committee.
Explanation:
correct option is c: audit committee.
Sarbanes-Oxley Act of 2002, order that every public-funded company to have one audit committee that must be independent of the company. It works as independently to find out about any foul practice that maybe happened in the organization.
The audit committee has the authority to make an appointment, oversight of work of the company.