A franchise business can be started with purchasing a franchise rights, these rights are usually sold by chain businesses however there are some small businesses who also provide franchise.
<h3 /><h3>What is a Franchise?</h3>
A franchise is a legal right to run the operations of a business under the same name, however there are some factors that needs to be maintained these factors are mentioned in the agreement and must be met by the franchisee at all times.
In return for the franchise there is a lump sum payment which entitles the acquirer/ franchisee for the use of legal name of that business, also these rights are for a certain number of years.
For the duration of the franchise agreement the franchise owner is responsible for all the advertisement expenditure.
When starting a new business it is recommended that a franchise is acquired if they have no past experience of the business.
Learn more about Franchise at brainly.com/question/27158354
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Example its the best in the world hope i helped
Answer:
The Sampling Bias
Explanation:
Here in this question, the owner is only getting information about the customers which are coming to the mall on weekdays only while neglecting the response which could have been received on weekends.
Therefore this can be termed as a <em>Sampling Bias. </em><em>The perfect way to go after this question is to ask the customers which are coming to the mall on weekends as well as weekdays, throughout the day.</em>
<em>Hope this helps. Good luck.</em>
Answer:
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Explanation:
Answer:
$1,700,000
Explanation:
The computation of the NET accounts receivable (the cash realizable value) at December 31, 2019 is shown below:
= Account receivable - allowance for doubtful debts
= $2,000,000 - $300,000
= $1,700,000
By deducting the allowance for doubtful debts from the account receivable we can get the net account receivable or the cash realizable value
Therefore we ignored the bad debt expense
