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KatRina [158]
3 years ago
14

In a business franchise, who develops the product and business systems?

Business
1 answer:
vladimir2022 [97]3 years ago
6 0

Answer:

It depends on the type of business franchise.

In a business format franchise, the franchise will provide the franchisee all of the necessary things for a product + business system like marketing assistance, machines, supplies, etc... An example of this would be a fast food restaurant or a retail store.

In a product distribution franchise, the work is all up to the franchisee. The franchise will provide the logo and the right to sell its product but leaves the rest of the work to the franchisee. An example of this would be a car dealership or a gas station.

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Identify the risks exist in the conversion cycle of Central Production Limited.
11111nata11111 [884]

Answer:

Authorization of transactions:- Because of unclear subjugation, there is a potential risk of entering a money transfer again and again. To minimize this, all workers should adopt the rules for specific purchases, such as maintaining a set pricing list and guarantee a limited error distance.

Explanation:

The following are the risks which currently exist in the Central Production Limited conversion cycle:-

  • Lack of a "Maker and Checker" concept:- It is important because it executes the role of a sort account executive to check that the instructions and demands presented are correct and are not replicated. It would be extremely effective that someone in a position of power and authority might supervise certain rates and with certain operations.
  • Use of Hard-copies:- The production center supervisor will temporarily suspend the use of such hard copies for each production process. It is not only a resource loss, but risks being lost or duplicated as well. It really would give them a better chance if all online requests could be collected which would be far more effective and could be seen by all stakeholders. It will also lead to better leadership and faster distribution of information.
  • Wastage:- Tests should be in place to determine why additional material is needed above the normal volume, and it should be approved by a senior authority to the superintendent of the production line.
  • Supply Chain Management:- Interactions between a variety of agencies are too many. Use an ERP (Enterprise Resource Planning) device to help in streamlining the entire process flow will serve them well.
5 0
3 years ago
Winona and Hubert need to decide which one of them will take time off from work to complete the rather urgent task of shearing t
Flauer [41]

Answer: Winona has the lowest opportunity cost of completing the task.

Explanation:

Based on the information given in the question, the opportunity cost will be calculated as:

= Earnings per hour × Hours taken to complete the task

Therefore, for Winona, the opportunity cost will be:

= 1 × $200.

= $200.

For Hubert, the opportunity cost will be:

= 9 × $25

= $225

Therefore, based on the calculation above, Winona has the lowest opportunity cost of completing the task.

5 0
2 years ago
Required information Skip to question [The following information applies to the questions displayed below.] On November 1, 2019,
abruzzese [7]

The  journal entry to show the effect of the six months of rent collected in advance on November 1, 2019 for Gordon Co is: Debit  Cash $31,800; Credit Unearned Rent Revenue $31,800, Unearned rent is $21,200.

<h3>Unearned rent</h3>

a. Entry

Debit  Cash $31,800

Credit Unearned Rent Revenue $31,800

b. Unearned rent:

Unearned Rent = 4/6 months

Two months have been paid up to December which means that 4 months are left for pay out of 6 months.

Hence:

Unearned Rent = 4/6 x $31,800
Unearned Rent = $21,200

c. Journal entry

Debit Unearned Rent Revenue $5200

Credit  Rent Revenue $5300

(2/12×$31,800)

Therefore the  journal entry to show the effect of the six months of rent collected in advance on November 1, 2019 for Gordon Co is: Debit  Cash $31,800; Credit Unearned Rent Revenue $31,800, Unearned rent is $21,200.

The complete question is:

On November 1, 2019, Gordon Co. collected $31,800 in cash from its tenant as an advance rent payment on its store location. The six-month lease period ends on April 30, 2020, at which time the contract may be renewed.

a. Record the journal entry to show the effect of the six months of rent collected in advance on November 1, 2019 for Gordon Co.

b. Calculate the amount of unearned rent that should be shown on the December 31, 2019, balance sheet with respect to this lease.

c. Record the journal entry to show the effect of the adjustment that will be made at the end of each month to show the amount of rent "earned" during the month for Gordon Co.

Learn more about unearned rent here:brainly.com/question/14866803

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4 0
2 years ago
During the last few years we have seen a rise in the production of natural gas in the United States. This lead to a decline in t
antoniya [11.8K]

Answer: The correct answer is "B. The quantity demanded of oil decreased".

Explanation: The statement "B. The quantity demanded of oil decreased" is incorrect in describing this scenario because a change in the quantity demanded would be caused by a change in the price, in this case the price of oil remained more or less the same, therefore the change is in demand, and is produced at the price of a substitute good (natural gas) low.

5 0
3 years ago
The seller conveyed a quitclaim deed to the buyer. upon receipt of the deed, the buyer may be certain that?
Rina8888 [55]

The buyer can feel assured that they own all of the seller's interests in the property.

A Quitclaim Deed: What Is It?

Deeds can take on a variety of complex and sophisticated forms, each with its own ramifications and ideal applications.

Quickly transferring property to a buyer is possible with a quitclaim document. But you should be aware that the quitclaim does not offer any buyer rights, unlike general or special warranty deeds. A quit claim deed is devoid of any ownership guarantees or encumbrances. Only when the seller has certain rights or interests in the property do they expire as a result of a quit claim deed.

to know more about Quitclaim Deed

brainly.com/question/28401895

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3 0
1 year ago
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