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sashaice [31]
3 years ago
6

Without creating a separate business organization, Reynold starts up and assumes the financial risk of, Sole Savers, a new, pre-

owned auto sales enterprise.
Reynold is:

(A) a partner.
(B) a franchisor.
(C) a franchisee.
(D) a sole proprietor.
Business
1 answer:
dexar [7]3 years ago
5 0

Answer:

C: a franchisee

Explanation:

One of the responsibilities of a franchisee is to bear risk of the franchisor.

A franchise is a business relationship where a firm goes into agreement with another firm to represent the former in another geographical region or service. The franchisor is the parent company while the franchisee is the independent agent.

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Better Houses, Inc. has been contracted to build an addition on the Joyners' house. It built half of the addition and then unexp
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Better Houses, Inc. has been contracted to build an addition on the Joyners' house. It built half of the addition and then unexpectedly announced that it was not going to finish the job. Such a desertion of work is called "Abandonment of contractual obligations".

<h3>What is contractual obligations?</h3>

Contractual obligations are responsibilities that each party is bound by law to fulfill under the terms of the agreement.

Each contract involves one or both parties exchanging anything of value in connection with a variety of duties, such as goods, services, money, etc.

Elements of a Contract are-

  • Offer: An offer was made when one of the parties pledged to carry out or refrain from carrying out a specific action in the future.
  • Promise of consideration: A promise of something of value in return for the intended conduct or inaction. This can be demonstrated by a substantial outlay of resources, a promise to provide a service, a commitment not to do something, or reliance on the promise. The incentive for the parties to enter into the agreement is known as consideration.
  • Acceptance: The offer was unmistakably accepted. Acceptance can be demonstrated through words, actions, or by carrying out the contract's requirements. In general, the terms of the acceptance must match those of the offer. If not, the acceptance is interpreted as a counteroffer and rejection.

To know more about the contractual obligations, here

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8 0
1 year ago
For marketing to occur, there must be two or more parties with unsatisfied needs. Dr. Pepper Snapple Group distributes Country T
Len [333]

Answer:

The answer to this question is

b. people with a desire for a beverage other than soda or water

Explanation:

The "second" party needed for marketing to occur in this case are people who are in need of the product produced by Dr. Pepper Snapple Group. (I.e the customers ) however, the type of customer that Dr. Pepper Snapple group will seek to have are customer with a desire for a beverage other than soda and water because it's price is comparable to that of soft drink.  Which implies that customer with no interest in that kind of  product will not buy but will rather stick with their preference for soft drinks since it is the same price with the new product by Dr. Pepper Snapple group.

Hence, Dr. Pepper Snapple group  will need to have people with a desire for a beverage other than soda or water  for marketing to occur.  

6 0
3 years ago
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The primary goal of financial management is to: a. maximize current dividends per share of the existing stock.b. maximize the cu
tangare [24]

Answer:

The correct answer is letter "B": maximize the current value per share of the existing stock.

Explanation:

Financial management collects several strategies to add value to the company in the long-term. This could be achieved by generating revenue sustainably and increasing the value per share of the firm's stock which boosts the value of the overall entity in the market.

<em>One of the most important goals financial management has is to maximize the stakeholders' wealth.</em>

6 0
2 years ago
Selected financial data regarding current assets and current liabilities for Queen’s Line, a competitor in the cruise line indus
RSB [31]

Answer:

Current ratio = 0.33 times

Acid test ratio = 0.29 times

Explanation:

• Current ratio

Current ratio = Total current assets ÷ Total current liabilities

= $875 ÷ $2,638

= 0.33 times

• Acid test ratio

Acid test ratio = Quick assets ÷ total current liabilities

Where,

Quick assets = Total current assets - Inventory

= $875 - $116

= $759

Recall total current liabilities = $2,638

Therefore,

Acid test ratio = $759 ÷ $2,638

Acid test ratio = 0.29 times

8 0
2 years ago
Axle Corporation acquires​ 100% of Drexel​ Corporation's stock from​ Drexel's shareholders for​ $500,000 cash. Drexel Corporatio
kolbaska11 [484]

Answer:

$500,000 Axle​ Corporation's basis in the Drexel Corporation stock.

5 0
2 years ago
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