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
Maru [420]
3 years ago
13

Ravi wants to be his own boss and run his own business. His friend, Josh, suggested that an inexpensive way to get started is to

buy a franchise. Therefore he can limit his risk and he will have the freedom to run it exactly as he wants. After reading this, what will you advice him?
Business
1 answer:
sladkih [1.3K]3 years ago
8 0

Answer:

This is false. buying a franchise is expensive, as it involves buying the rights of a business from the business owners, who are commonly referred to as ''franchisiors".

Explanation:

Ravi would not be able to run the franchise business the way he wants as the Franchisiors determines the business model and procedures. Hence, he would have a limited control on the business. Thus, I would advise Ravi to avoid going into a Franchise business, if his motive is to be his own boss and have control on his business.

You might be interested in
Sheridan Company sells its product for $7100 per unit. Variable costs per unit are: manufacturing, $4400, and selling and admini
Minchanka [31]

Answer:

                 Sheridan Company

                  Income Statement

  For the year ended December 31, 202x

Sales revenue                                $170,400

Cost of goods sold                      <u>($129,600)</u>

Gross profit                                     $40,800

Period costs                                  <u>($24,000)</u>

Operating income                           $16,800

cost of goods manufactured 2019 (or 2020, it is the same)= (20 x $4,500) + $18,000 = $108,000 / 20 = $5,400 per unit

COGS 2020 = 24 x $5,400 = $129,600

sales revenue = 24 x $7,100 = $170,400

4 0
3 years ago
In which journal would a customer's partial payment on account be recorded?
olga55 [171]

Answer:

Its real account

Cash A/C.....Dr

Debtor A/C....Dr

To Creditors A/C....

4 0
3 years ago
Read 2 more answers
Is a business cycle a type of recession?<br> yes or no?
Kruka [31]

Answer:

The Answer is gonna be Yes

8 0
3 years ago
Swifty Corporation had 197000 shares of common stock, 19200 shares of convertible preferred stock, and $1503000 of 4% convertibl
kicyunya [14]

Answer:

d. $2.18

Explanation:

The answer with detailed working is attached.

Download xlsx
8 0
3 years ago
Michael has the ability to create and articulate a realistic, credible, and attractive vision of the
irina1246 [14]

Answer:

Visionary.

Explanation:

A visionary leader is someone who has a clear-cut idea of what he/ she wants in the future. This type of leader will be able to not only create and articulate a clear idea, a realistic idea but also be credible and provide an attractive vision for the company's future.

The leader will help set up a realistic plan to further improve the company, bringing his vision to reality. This will help the company or organization to grow and improve. Likewise, Michael is a visionary leader, with his creative and realistic vision for the organization. He will lead the team to a better, improved future for not only himself but everyone.  

6 0
2 years ago
Other questions:
  • ABC Company has a cash balance of $9,000 on April 1. The company must maintain a minimum cash balance of $6,000. During April ex
    10·1 answer
  • Matt wants to take out a simple interest loan on a car priced at $14,289. the interest rate is 3.5% for 5 years. how much will h
    8·1 answer
  • Robert Necco and Nelson Packard are economists at Economic Research Associates. ERA asks Necco and Packard for their opinions ab
    6·1 answer
  • Job WR53 at NW Fab, Inc. required $200 of direct materials and 10 direct labor hours at $15 per hour. Estimated total overhead f
    14·1 answer
  • When a firm initiates or increases a cash discount, the net effect on the accounts receivable investment is difficult to determi
    5·1 answer
  • Stan, an air-conditioning and heating technician, files a suit against Temp-Set Corporation, alleging that its thermostats are u
    12·1 answer
  • Another name for economic resources is?
    5·2 answers
  • People earn what by working to produce goods and services
    6·2 answers
  • What is an example of what a business would write a check for​
    15·1 answer
  • Unemployment caused by people voluntarily quitting work in order to seek more attractive employment is called
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!