1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Art [367]
2 years ago
13

Luxere Hotels International, an American company, sells the rights to other hospitality companies globally to open hotels with t

he Luxere name for a fee and a share of the profit, in return for using Luxere's brand name and a package of materials and services. Luxere is engaged ina.franchising b. importing c. offshoring d. exporting e. countertrading
Business
1 answer:
KatRina [158]2 years ago
8 0

Answer:

Luxere is engaged in a. Franchising

Explanation:

Franchising is an agreement between two parties or companies, say company A and company B, where company A is the business owner and company B wants to acquire company A's business rights and trademark.

Company B will go to company A and offer to acquire some level of access to the business in return for a fee known as licensing fees.

As can be observed in the question above, Luxere Hotels is carrying out Franchising in order that itself (the franchisor) and the other hospitality companies (the franchisees) will both share in the profits of the agreement.

You might be interested in
The term _____ is defined as the activity, set of institutions, and processes for creating, communicating, delivering, and excha
Temka [501]

Answer:

American Marketing Association

Explanation:

American Marketing Association -

It refers to the association of many marketing professionals all together , is referred to as the American Marketing Association  .

In the year 2012 , there were 30,000 members , present in the United states .

Which consists of 250 collegiate chapters and 76 professional chapters .

Hence from the given scenario of the question ,

The correct option is American Marketing Association .

3 0
3 years ago
Erica and Brett decide to form their new motorcycle business as an LLC. Each will receive an equal profits (loss) interest by co
koban [17]

Answer:

Brett's outside tax basis in his LLC interest is $45000

Explanation:

A partner outside tax basis consist of basis of contributed property, partnership debt allocated to the partner without any debt relief. Non recourse debt that is more than basis of contributed property must be given to the partner that contributed to the property.

Brett's outside tax basis in his LLC interest = Cash contribution + basis of building - debt of building + Non recourse loan + non recourse mortgage + remaining mortgage on building

Cash contribution = $5000

Basis of building = $30000

Debt of building = $35000

Non recourse loan = Profit sharing ratio × Non recourse loan = 50% × $50000 = $25000

non recourse mortgage = $5000

remaining mortgage on building  = 50% × $30000 = $15000

Brett's outside tax basis in his LLC interest = $5000 + $30000 - $35000 + $25000 + $5000 + $150000 = $45000

4 0
3 years ago
At KL Corporation, budgeted sales in units for April, May, and June are 50,000 units, 36,000 units, 40,000 units, respectively.
kiruha [24]

Answer:

Sales revenue= $180,000

Explanation:

Giving the following information:

Budgeted sales:

May= 36,000 units

The selling price per unit is $5.

The sales revenue is calculated as the total number of units sold for the selling price:

Sales revenue= number of units*selling price

Sales revenue= 36,000*5= $180,000

6 0
3 years ago
. A company's beginning work in process inventory consisted of 20,000 units that were one-fifth complete with respect to direct
Elden [556K]

Answer:

The correct answer is D. 86,000

Explanation:

<u>Units in production </u>

Beginning WIP                      20,000 x 4/5 =  16,000( one-fifth complete,  so 4/5 to complete )

Started and completed        60,000

Ending WIP                            30,000 x  1/3=10000   one-third complete

Total units  86,000

6 0
3 years ago
Derek's company was bidding on the construction of a new penguin display at a world-famous zoo. when putting together his bid, d
Marina CMI [18]
<span>Derek's company was bidding on the construction of a new penguin display at a world-famous zoo. when putting together his bid, derek began by determining what the zoo would be willing to pay for the structure, and then subtracting a reasonable profit for the company. the result would be the cost of production. for example: if price to zoo = $6 million, and company profit margin = $2 million, the cost to produce cannot exceed $4 million. [$6 million - $2 million = $4 million.] the demand-based pricing strategy in this example is called target costing.

</span><span>Target costing is an approach to determine a product's life-cycle cost which should be sufficient to develop specified functionality and quality, while ensuring its desired profit. It involves setting a target cost by subtracting a desired profit margin from a competitive market price.</span>
7 0
3 years ago
Other questions:
  • Tami Strand’s regular hourly wage rate is $10, and she receives an hourly rate of $20 for work in excess of 40 hours. During a J
    7·1 answer
  • Matt plans to start his own business once he graduates from college. He plans to save $1,400 every six months for the next five
    8·1 answer
  • If the government removes a binding price floor from a market, then the price paid by buyers will (A) increase, and the quantity
    8·1 answer
  • After firm A acquired firm B, it raised the prices for the goods produced by both firms. This can increase profits if those good
    10·1 answer
  • In an open economy, GDP is $12 trillion this year. Consumption is $8 trillion, and government spending is $2 trillion. Taxes are
    15·1 answer
  • What is internet reendorsement?
    15·1 answer
  • # 8 &amp; # 9 please .. I appreciate it
    10·1 answer
  • You've told Dan, a new contact, that you're looking for a qualified sales representative. Now you want to find out if there's an
    6·1 answer
  • Acceptance. Altisource Portfolio Solutions, Inc., is a global corporation that provides real property owners with services, such
    5·1 answer
  • Imagine you have $30 to spend. You are thinking of buying new soccer shoes because yours
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!