Franchising is typically used in manufacturing industries
Indicate whether the statement is true or false
False
You might also like to view...
Which of the following describes the risk assessment component of internal control?
A) Internal auditors monitor company controls to safeguard assets, and external auditors monitor the controls to ensure that the accounting records are accurate. B) Risk assessment is the "tone at the top" of the business. C) A company must identify its risks and take necessary steps to minimize them. D) Risk assessment is designed to ensure that the business's goals are achieved.
Depending on the mixture of sources of capital, a company's cost of capital will vary
Indicate whether the statement is true or false
How does utilitarianism have a strong impact on business and business ethics?
What will be an ideal response?
Floyd Manufacturing purchased an asset costing $65,000. Annual operating cash inflows are expected to be $12,000 each year for ten years. No salvage value is expected at the end of the asset's life. Assuming Floyd's cost of capital is 11 percent, what is the asset's net present value? (ignore income taxes)
A) $4,443 B) $5,670 C) $4,560 D) $17,670