What role does a fast-food corporation play when it agrees to franchise its business?

Q 5.7: Hale Company sells merchandise on account for $1,000 to Long Company with credit terms of 2/10, n/30. Long Company return

Ghella [55]

Answer:

Ans. The amount of the check is $784

Explanation:

Hi, from the initial balance of $1,000, we have to substract the returned merchandise, which was $200, therefore, Long Company owes Hale Company, $800 if Long Company pays within day 11th to 30th of the day of purchase. Since Long Company plans to pay within the first 10 days from the date of purchase, they would be granted a 2% discount on their remaining balance, therefore, the amount that Long Company has to write the check for is:

$Check=Remaining Balance*(1-Discount)$

It should look like this

$Check=800*(1-0.02)=784$

So, Long would have to write a check for $784, that is if it pays within the first 10 days from the date of purchase.

Best of luck.

8 0

3 years ago

Have you ever done the right thing even when others wanted you to do something else? if so, please describe the situation

Salsk061 [2.6K]

Yes. Now it is always tricky to do something right when everyone else is thinking at the opposite side. There will be times when you are asked to conform to everyone's decision however you know deep in your heart it is not the right thing to do. So do whatever your heart tells you.

4 0

4 years ago

If a monopolist's production process has economies of scale and average cost exceeds marginal cost, then _____.

Mice21 [21]

If a monopolist's production process has economies of scale and average cost exceeds marginal cost, then the government should make the price equal to the marginal cost.

Monopolies are businesses that are dominated by few people in the industry. They have little competition from others and have high barriers to entry.

They can sometimes reduce production to increase the price of their goods and services.

The government can regulate the activities of monopolies by making their price equal to the marginal cost.

Learn more about monopolies here:

brainly.com/question/13113415

8 0

3 years ago

Making a profit by lending money is ____________.

Rzqust [24]

The right answer for the question that is being asked and shown above is that: "d. manufacturing." Making a profit by lending money is d. manufacturing

The right answer for the question that is being asked and shown above is that: "a. individual" In a market economy, land, labor, as well as capital, are controlled by the a. individual

5 0

3 years ago

Imagine you own a small gift shop in a popular but remote tourist location. You want to develop an effective marketing strategy

Arlecino [84]

Answer:

Situational actions on SWOT of a business

Explanation:

Strengths

You have especially good relationships with many suppliers due to your years in business and your success.

You have developed a software system that makes online orders extremely easy.

Weaknesses

You are dependent upon a few artists to keep you in stock.

Opportunities

Your business is in a location that is easy to get into and out of.

The highway that they have been talking about for years is finally being built.

Two new hotels are scheduled for opening next year.

Threats

It is difficult to hire workers with retail experience in the area.

The price of gas goes up.

Wal-Mart moves into a town a few miles away.

The Post Office decides to cut deliveries on Saturday.

Another gift shop may open next door.

Three marketing actions to ensure the success of the shop and why it will work include:

1. Expand your advertisement outreach for experienced retail workers beyond your location, with motivational packages and incentives. Alternatively, get workers around your location and train them to acquire the required retail experience for the job

2. With increase in the price of gas which affects your profit margin, and taking into cognizance your strength in cusstomer relationship, endeavour to increase your product and service outreach and turnover to mitigate for the addition expenses.

3. With the arrival of Wal-Mart as competitor, you will need to maintain consistency in products and services, as well as offer promotional packages

4 0

4 years ago