The False statement about Franchisee is " Franchisee is a method of distributing products or services involving a franchisor "
To find the False statement , we need to know more about Franchisee .
<h3>What is
Franchisee?</h3>
A franchise (or franchising) is a method of distributing products or services involving a franchisor, who establishes the brand’s trademark or trade name and a business system, and a franchisee, who pays a royalty and often an initial fee for the right to do business under the franchisor's name and system.
Franchisee in Territorial Rights:
Whether or not the franchisee is granted a form of territorial protection wherein, for example, the franchisor will not grant competing franchises. Typically franchisees will be granted an operating territory within which they are required and restricted to conduct the operations of their franchise business.
The franchise agreement will define where the franchisee may operate the franchised business, who the franchisee may or may not sell products or service to and any protection that may be afforded to franchisee regarding his or her territory.
Thus, we can conclude that the above statement is Typically, the franchisee determines the territory to be served by the franchise is False.
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They should form a corporation because a partnership or sole proprietorship have unlimited liability.
Answer:
The budgeted materials need in liters for April is $54,800 liters.
Explanation:
For computing the needed budgeted material for April month, following equation is used which is shown below:
= Budgeted raw material + closing inventory - opening inventory
where ,
budgeted raw material for April month is $56,000 liters
Closing inventory is 30% of following month which equals to
= 52,000 × 30%
= 15,600 liters
and, opening inventory is given i.e. 16,800 liters.
Now, apply these values to the above equation which equals to
= $56,000 + $15,600 - $16,800
= $54,800 liters
Thus, the budgeted materials need in liters for April is $54,800 liters.
