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balu736 [363]
2 years ago
7

Why is opening a franchise often considered lower risk for an entrepreneur than setting up a new business?Please help me will gi

ve brainliest!
Business
1 answer:
ivolga24 [154]2 years ago
6 0

Answer:

The opportunity to grow under a famous brand and enjoy the advantages of a larger group of business owners

Explanation:

Opening a franchise is often considered a lower risk for an entrepreneur than setting up a new business because of "The opportunity to grow under a famous brand and enjoy the advantages of a larger group of business owners."

Other benefits to derived include:

1. There is operational support from the franchisor during the lifetime of the business arrangement, which may cover finances, training, accounting, etc.

2. The franchisee's management abilities can be enhanced without extra cost

3. Transactions established on proven and famous brands.

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At the end of the current year, $17,555 of fees have been earned but have not been billed to clients. Journalize the adjusting e
Olin [163]

Answer:

Given that,

At the end of the current year,

$17,555 of fees have been earned but have not been billed to clients.

The Journal entry is as follows:

Account receivable A/c  Dr. $17,555

To Fees earned A/c                            $17,555

(To record the accrued fees)

The above is the adjusting entry for the accrued fees that has not been billed to clients.

7 0
2 years ago
Kylie Co. owns 67% of Jayzee Inc. On their 12/31/2017 pre-consolidation trial balances, Kylie reports $739,972 Liabilities and J
Studentka2010 [4]

Answer:

the amount that should be reported for Liabilities in Kylie's consolidated financial statements is $2,187,382

Explanation:

The computation of the  amount that should be reported for Liabilities in Kylie's consolidated financial statements is shown below:

= $793,972 + $1,601,119 - $207,709

= $2,187,382

Hence, the amount that should be reported for Liabilities in Kylie's consolidated financial statements is $2,187,382

The same should be considered

4 0
3 years ago
Will mark BRILLIANT !!! Over the past few decades, what has been shown about school readiness programs? A . They are too challen
ipn [44]

They have a positive impact on the pre-kindergarten child.

Explanation:

During 1999 Florida interacted more closely with the readiness of students when implementing the School Readiness Act.

Childcare Center Director , in charge of a public or private school, an after-school, school readiness, pre-K, neighborhood center or other early childhood programs

The objective of the redevelopment of early childhood education through the School Readiness Act was to make young children better students.

The school readiness program assists pre-school children in their social and behavioral preparation to enter school.

7 0
3 years ago
What is 10% of 500,000<br><img src="https://tex.z-dn.net/?f=10%5C%25of50.000%20%5C%5C%20" id="TexFormula1" title="10\%of50.000 \
Citrus2011 [14]

10% of 500,000 is 50000.

7 0
2 years ago
Read 2 more answers
Cutoff tests designed to detect valid sales that occurred before the end of the year but have been recorded in the subsequent ye
Oksanka [162]

Answer:

b. Completeness

Explanation:

Cut off tests are designed to ensure that transactions which relate to a particular period are reported in that very period.

Assertions refers to the claims made by the management and it's staff relating to various aspects of the business.

Cut off procedures provide an auditor with evidence against management's assertion of completeness and occurrence of a transaction.

Completeness refers to whether transactions pertaining to a period have been recorded.

Occurrence means that recorded transactions ain't fictitious and have actually happened.

8 0
3 years ago
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