the answers are
1) culture
3) management
6) physical plant.
a. land to place the 4 on.
b. the name of the shop.
c. the methods of doing 4.
d. any necessary training
The franchisor does not provide the land to place the business on.
Further Explanation:
Franchising is a form of business where the franchisor (who has an established brand name) gives the right to the franchisee to use its trademark, products, services, and also provide training and assistance for operating the business. The franchisee has to pay the royalty for those rights.
Justification for the correct and incorrect answer:
Land to place the business on: This option is correct.
The franchisor does not provide land in which business is placed. The franchisee can buy land anywhere, where he thinks it will attract consumer attention and profitable for him.
The name of the shop: This option is incorrect.
The franchisor allows the franchisee to use its trade name because it will increase the profitability of the business as it well known in the market.
The methods of doing business: This option is incorrect.
The franchisor also provides machinery and equipment that are necessary to carry out the operation so that the product remains standardized at every outlet.
Any necessary training: This option is incorrect.
The franchisor provides the training to the staff like how to run the machinery and provide service to the client.
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Answer details:
Grade: High School
Subject: Business
Chapter: Business Forms
Keywords: Franchisor, land to place the business on, the name of the shop, the methods of doing business, any necessary training, any necessary training, the methods of doing 4, all of the following, business forms.
Franchisor supplies all of the following except land to place the 4 on.
Further Explanation:
Franchisor supplies:
So as to maintain your business the franchisor gives a nitty gritty tasks manual that incorporates directions for doing their working framework. It builds up the principles, benchmarks and details of the establishment and powers the franchisor to sort out and characterize explicit occupation duties and assignments.
Points of interest for the franchisor:
Advantages to the franchisor incorporate customary eminence installments, extension with decreased money related hazard, and a more noteworthy topographical nearness. Franchisee advantages incorporate lower chance, lower startup costs, existing brand acknowledgment, and parent organization showcasing support.
The Franchisor's Process:
The franchisor possesses the brand and the working framework that they permit to their franchisees. ... Incredible franchisors give preparing to new franchisees and their administration, and furthermore offer help in the preparation of the franchisee's staff.
franchisor gain:
The franchisor does not procure salary exclusively from merchandise or administrations sold by the organization possessed organizations alone, yet in addition from establishment charges and sovereignties from the establishments they offer to franchisees.
franchisor ought to give:
A franchisor will typically offer the accompanying help to a franchisee: Financial help. Not all franchisors offer money related help but rather some have financing programs accessible to franchisees.
Subject: business
Level: High School
Keywords: Franchisor supplies, Points of interest for the franchisor, The Franchisor's Process, franchisor gain, franchisor ought to give.
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B. how different markets affect one another
C. the behavior of economics on a large scale
D. why a specific consumer made a specific choice
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DMaintenance
2015 150,000 overstated
P uses the periodic inventory system to ascertain year-end quantities that are converted to dollar amounts using the FIFO cost method. Prior to any adjustments for these errors and ignoring income taxes, P's retained earnings at January 1, 2016, would be:
Answer:
$150,000 overstated
Explanation:
Given
2014 $120,000 understated
2015 150,000 overstated
Using the FIFO cost method, the retained earnings would be $150,000 overstated.
The understated earnings of $120,000 would affect the earnings of 2014 cost of goods sold to be entered as overstated. At the same time, this would understate the net income and the retained earnings.
Having mentioned the above, this would also affect the beginning Inventory of 2015 cost of goods sold to be understated. By the same virtue, this would overstate the net income and the retained earnings by the same amount the net income and retained earnings is understated, effectively correcting the balance of the retained earnings.
Lastly, The $150,000 overstated ending inventory would then affect the 2015 cost of goods sold to beunderstated; this would overstate the Net Income and Retained Earnings.
Answer:
P's retained earnings are overstated by $150,000.
Explanation:
First of all, the $120,000 inventory understatement would cause the 2014 cost of goods sold to be overstated. In other words, profits and consequently retained earnings were understated because COGS were too high.
Because the 2014 ending inventory was understated, the beginning inventory in 2015 would be understated also. Since the initial inventory was understated, the COGS would be too low during 2015, which would end up correcting the previous error during 2015 (both profits and retained earnings should level up).
By the end of 2015, an error happened again and this time the ending inventory was overstated by $150,000, which understates COGS and overstates profits (and retained earnings). This should also be corrected during 2016, but since we are asked about January 1, 2016, then the correction hasn't occurred yet.
The problem with a periodic inventory system is that COGS is determined at the end of the accounting period, unlike a perpetual inventory system that records COGS immediately. Any variation in final inventory will change profits and directly affect retained earnings.
Answer:
No Net Impact on Pumpkin's Accounting Equation from collection of cash.
Explanation:
Sales transaction has already been recorded and there is a Account receivable with $500 balance which is an asset account. On January 11 Cash has been received and the transaction was as follows:
Dr. Cash $500
Cr. Account receivable $500
Cash and Account receivable are both assets account therefore there will be no net impact on pumpkin's accounting equation one type of asset account balance is increasing the other type of asset account balance is decreasing when we post transaction.
Accounting Equation
Asset = Equity + Liability
Dr. Cash +500 0 0
Cr. Account Receivable -500 0 0
Total Impact 0 0 0
b. Peak energy
c. Peak oil
d. Zero production growth