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4 years ago

A primary consideration for a potential franchisee is that the capital required to become a franchisee will likely be:

1 answer:

6 0

I would say perhaps such capital would likely be non-refundable which would have to be balanced with the knowledge that since it is a franchise then it is likely that it would be a business that iswell known and well established ie with a good name and good products so that would increase chances of success given a hard working, industrious franchisee and a good location, presuming that the franchisor will help with the setting up of the business.

You might be interested in

Which of the following is LEAST likely to be a reason for firms to form a cartel?

GalinKa [24]

Answer:

The correct answer is letter "C": to raise competition among firms in the cartel.

Explanation:

A cartel is a group of companies or countries working together to regulate the price of a single product they produce in common. The cartel makes it impossible for a foreign business to enter the market and demand lower prices. Cartels are, in most cases, not helpful to customers. They generate high prices that remain unchanged until consumers find alternative ways to purchase the same items.

Under such a scenario,<em> cartels are unlikely to be formed to generate more competition among the companies that compose them.</em>

4 0

3 years ago

Solemon Company has total fixed cost of $15,000, variable cost per unit of $6, and a price of $8. If Solemon wants to earn a tar

mojhsa [17]

Answer:

If Solemon wants to earn a targeted profit of $3,600, the number of units must be sold are 9,300 units.

Explanation:

In Solemon Company:

Contribution margin per unit = Sales price – Variable cost per unit = $8-$6=$2

The number of units must be sold to meet the target profit figure are calculated by using following formula:

The number of units must be sold = (Total fixed cost + Targeted profit) / Contribution margin per unit.

In there: Total fixed cost are $15,000

Targeted profit are $3,600

The number of units must be sold = ($15,000 + $3,600)/$2 = $18,600/$2 = 9,300 units.

8 0

3 years ago

Emotional intelligence (ei) is critical to effective leadership because one of its core components is ________, which reflects t

Lorico [155]

The core component that is critical to effective leadership in the emotional intelligence is empathy. Empathy is where an individual engages understanding towards the feelings of others in which is considered critical as leaders will be more understanding and emotional when exposed to situations.

3 0

3 years ago

Wright Company's cash account shows a $28,900 debit balance and its bank statement shows $27,200 on deposit at the close of busi

MrRissso [65]

Answer: Please find answer in the explanation column

Explanation: A bank Reconciliation statement is one that shows a record ensuring a company's bank financial records corresponds with its financial book records and adjust any discrepancies found.

Bank reconciliation for the Wright company as of May 31st

Ending balance according to Bank statement $27,200

Add:

Deposit made $6,900

Bank error $470

$34,570

Deduct:

Outstanding checks ($6,300)

Adjusted bank balance $28,270

Ending balance according to Book statement $28,900

Add:

Deduct:

Bank Service Charge ($170)

NSF check ($460)

Adjusted book balance $28,270

4 0

3 years ago

Pikes Peak is a ski resort in upstate New York. The company sells lift tickets, ski lessons, and ski equipment. It operates seve

KIM [24]

Answer and Explanation:

The journal entries are shown below:

a. Cash Dr $625,000

To Short term note payable $625,000

(Being the borrowed amount is recorded)

b. Equipment Dr $26,000

To cash $26,000

(Being the equipment is purchased for cash)

c. Supplies Dr $10,700

To Account payable $10,700

(Being the purchased of supplies on account is recorded)

d. Repairs and maintenance expense $25,100

To Cash $25,100

(Being cash paid is recorded)

e. Cash Dr $77,750

To Unearned revenue $77,750

(Being the cash received is recorded)

f. Cash Dr $89,000

To Service revenue $89,000

(Being the cash received is recorded)

g. Cash Dr $600

To Unearned revenue $600

(Being the cash received is recorded)

h. Account payable Dr $5,350

To cash $5,350

(Being cash paid is recorded)

i. Salaries and wages expense $18,300

To Cash $18,300

(Being cash paid is recorded)

4 0

3 years ago