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3 years ago

Which of the following is a con of buying a franchise?

Business

1 answer:

kipiarov [429]3 years ago

8 0

Answer:

A con of buying a franchise is limited business control and creativity.

Explanation:

A franchise is an authority by a company or government to an individual or groups of people to enable them to conduct specified business activities. It is a kind of license to utilize and have access to specific knowledge about a company or organization. The entity that can purchase the franchise at a certain cost depending on the value of the franchise, in return he/she gets a license to use the franchise within the threshold of the licensing agreement.

Purchasing a franchise has it's advantages and disadvantages.One major advantage is; since buying a franchise involves buying the right to use a company's name, this is beneficial since there is a ready-made business operation. On the other hand, franchise has also a disadvantage. The major disadvantage of buying a franchise is that there is no business control since one has limited creativity with the product. The franchise always has a certain in built brand, limiting the ability of the person buying the franchise to be creative with adding or taking from the franchise.

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Although e-mail has replaced paper memos for many messages inside organizations and for some letters to external audiences, hard

prohojiy [21]

Answer: True.

Explanation:

With the rise in the use of email to communicate during a business transaction, the hard-copy message still has a higher value than the emails: this is because hard copy messages can easily be kept for reference purposes and also they most times bear the stamp and signature of the person(s) transacting the business.

7 0

3 years ago

If a parcel of land that was originally purchased for $85,000 is offered for sale at $150,000, is assessed for tax purposes at $

Leona [35]

Answer:

Assets and equities both increase by $52,000. No change in liabilities.

Explanation:

The accounting equation gives the relationship between all the items that make up the balance sheet. These are the assets, liabilities and owner's equity.

assets = equity + liabilities

If the parcel of land that was originally purchased for $85,000 and sold for $137,000, the seller would recognize a

Gain on disposal = $137,000 - $85,000

= $52,000

This gain on disposal is an additional income to the seller.

The effect on the accounting equation is that there is a net increase in asset of $52,000 as fixed asset reduces by $85,000 but another asset in form of cash or accounts receivable amounting to $137,000 is recognized. No change happens to the sellers liability.

However, the seller's equity increases as the gain on disposal is an income which would be posted at the end of the year into retained earnings.

In summary, assets and equities both increase by $52,000.

6 0

3 years ago

What is the biggest difference in who controls the 401(k) and IRA retirement plans? a. IRA is intended for a stable retirement i

Licemer1 [7]

Answer:

The answer is: D) A 401(k) is controlled and monitored by an employer, and an IRA is controlled by the investing individual.

Explanation:

A 401(k) is sponsored and controlled by an employer. The employer decides where the money is going to be invested. Sometimes the employer may match some of the employees' contributions. The employer can also take loans or hardship withdrawals from the 401(k) funds.

While IRA accounts are held by custodians which are banks or brokerage firms.

5 0

3 years ago

Read 2 more answers

For a given set of underlying real estate properties, the type of real estate index that is most likely to have the lowest stand

liberstina [14]

Answer:

The answer is Letter B, appraisal index

Explanation:

Because appraisal index returns are based on estimates of property values. Estimating values tends to introduce smoothing into returns data, appraisal index returns are likely to have lower standard deviations than index returns based on repeat sales, trading prices or REIT trading price.

5 0

3 years ago

The city of Brittainville’s Special Revenue Fund levied $350,000 in taxes, of which 1% was expected to be uncollectible during t

Arturiano [62]

Answer:

fund balance will increase by $404,000

Explanation:

Given data:

Fund levived in taxes $350,000

1% of fund expected to be uncollectible

Amount of fund collected $7500 as interest revenue

$ 50,000 transferred to general fund

As it is given 1% is uncollectible , remaining value would be

= $350,000- $3,500 (1% * $350,000)

= $346,500

The other inflows are $7,500 + $50,000,

Total inflow is = $57,500.

Total transaction = $346,500 + $57,500 = $404,000

8 0

3 years ago