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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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Ming Chen began a professional practice on June 1 and plans to prepare financial statements at the end of each month. During Jun

Leya [2.2K]

Answer:

The accounting equation holds as follows:

Asset = Liabilities + Equity = $80,000

Explanation:

Note: See the attached excel file for the analysis of the Effect of June Transactions on the Accounting Equation

From the last balances in the attached excel file, we have:

Assets = Cash + Receivable + Equipment = $41,000 + $8,000 + $31,000 = $80,000

Liabilities = Payable = $0

Equity = M. Chen, Capital - M. Chen, Withdrawals + Revenue - Expenses = $75,000 - $1,000 + $10,500 - $4,500 = $80,000

Liabilities + Equity = $0 + $80,000 = $80,000

Therefore, the accounting equation holds as follows:

Asset = Liabilities + Equity = $80,000

Download xlsx

4 0

2 years ago

Angor, a manager at Primely Co., is asked by his manager to rate his subordinates' performances. He needs to rate 30 employees o

kvv77 [185]

Answer:

Leniency

Explanation:

In business, leniency refers to a of mistake that occurred when you do not take instruction from your superior or client too seriously.

Typically, this will resulted in a confrontation since the one who pay for your labors believed that you just take their money without wanting to provide good results.

In the example above, from 30 employees, Angor rate 25 of them with an exact same rating. (8 from possible 1-10). This will most likely occur because Angor did not really use a strong/proper requirements for the scoring.

8 0

3 years ago

For Gundy Company, units to be produced are 5,210 in quarter 1 and 6,500 in quarter 2. It takes 1.5 hours to make a finished uni

Levart [38]

Answer and Explanation:

The preparation of the direct labor budget by quarters is presented below:

GUNDY COMPANY 

 Direct Labor Budget, June 30, 2020

 For the Six Months Ending June 30, 2020

 Particulars Quarter 1 Quarter 2 Six months

Units

produced 5,210 6,500

Multiply

Direct labor

time per unit 1.5 hours 1.5 hours

Total

required direct

labors 7,815 9,750

Multiply Hourly

wage rate $15 $15

Total direct

labor cost $117,225 $146,250 $263,475

4 0

3 years ago

8. Exam. Semester Exam

Black_prince [1.1K]

Answer:

D. The formation of a labor union

Explanation:

The formation of a labor union will likely lead to an increase in wages because of two main reasons:

Labor unions engage in collective bargaining with employers, and this negotiations usually result in higher wages.
Labor unions often restrict the labor supply that enters a particular market: they only allow unionized workers to get the jobs of the industry, and/or keep the labor supply artificially low in other to push wages to rise. This is because, the fewer workers in an industry, the scarcer they are, and the higher their wages become.

5 0

2 years ago

Which of the following statements is(are) true?

valentina_108 [34]

Answer: Statement 1 and 2

Explanation: Risk averse investors are investors that are more concerned about the risk of the investment rather than its returns. These investors funds those investment that have lower known risk with lower returns rather than one with unknown risk and higher returns.

On the other hand, risk neutral investors are those investors which do not care about the risk factor of an investment and are insensitive to the level of risk an investment have.

8 0

3 years ago