Answer:
Who is the franchisor? McDonald's
Who is the franchisee? C.B. Management Inc.
In a franchise relationship, the <u>franchisee</u> is economically dependent on the <u>franchisor's</u> business system.
The franchise relationship is defined by the <u>contract</u>.
Did C.B. Management, Inc.’s failure to make a payment due more than thirty days earlier constitute a breach of the franchise contract? YES
Why? A) the contract provided McDonald's could terminate the contract when a payment was more than 30 days late.
Did the contract provide that the acceptance of a late payment waived McDonald's right to terminate for late payments? NO
What does an implied covenant of good faith and fair dealing require? That the parties act <u>reasonably</u>.
Did McDonald's act of accepting late payments in the past transform McDonald's right to terminate into a discretionary decision governed by the standard of good faith and fair dealing in the future? NO
Why? Which one of these reasons is not correct? B) the actions of the parties control this issue.
A court would likely find for <u>McDonald’s</u>
Answer:
Please consider the following explanation
Explanation:
a. EOQ = 560 units
b. 58800 units/560 units = 105 orders
c. EOQ/2 = 560/2 = 280 units (average inventory)
d. 105 orders × $4 ordering cost = $ 420
280 units × $1.50 carrying cost per unit = 420
Total costs = $840
Answer:
$23,160
Explanation:
The Total interest = 15,040 + 4040 + 1040 + 3040
Total interest = $23,160
Hence, the Interest deductable this year = $23,160
Answer:
Hire temporary employees to work on specific projects.
Explanation:
Human resource management is the process by which a business effectively manages its manpower needs to meet its organisational goals at a reduced cost to the business.
It involves the various strategies used to hire employees to meet business needs in a cost-effective way.
The construction division has a highly seasonal workload, with fewer projects in the winter than in the summer. Also, different expertise is needed for different kinds of buildings. So hiring a permanent workforce is counterproductive as they will be paid when there is no work to be done. The best strategy is to hire temporary workers. Also there is need for specialised staff to work on specific projects.
Answer: 402 years
Explanation:
Debt is $15,000,000,000,000
Payment per second $1,183
Time taken to pay off = 15,000,000,000,000/1,183
= 12,679,628,064 seconds
Seconds in a year = 60 secs * 60 mins * 24 hours * 365 days
= 31,536,000 secs
Time taken in years = 12,679,628,064/ 31,536,000
= 402 years
