Which of the following is a fee for advertising and promotional campaigns and administrative costs billed to franchisees either as a flat monthly or annual fee or as a percentage of gross sales?
A) assessment fee
B) initial license fee
C) royalty fee
D) lease fee
A
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Ratios are most useful in identifying
A) causes. B) differences. C) relationships. D) trends.
Merchant Corporation provides plumbing services. Transactions of Merchant during the first year of operations are given below
a) Received $12,000 cash and issued common stock to Sharon b) Paid $1,600 cash for equipment to be used for plumbing repairs. c) Borrowed $14,000 from a local bank and deposited the money in the checking account. d) Paid $600 rent for the year. e) Purchased $200 of office supplies by cash. f) Completed a plumbing repair project for a local lawyer and received $3,000 cash. Calculate the amount of total liabilities at the end of the first year. A) $14,000 B) $12,000 C) $24,400 D) $3,000
One reason for using simulation rather than an analytical model in an inventory problem is that the simulation is able to handle probabilistic demand and lead times
Indicate whether the statement is true or false
Historical records on a certain product indicate the following behavior for demand. The data represent the 288 days that the business was open during 2000. Convert these data into random number intervals
(Round each probability used to 2 decimal places, e.g., 0.36.) Demand in cases Number of occurrences 7 52 8 9 9 14 10 39 11 72 12 102