Cluckee Chick'n Corporation provides its prospective franchisees with projected earnings figures based on actual data. Cluckee Chick'n must also disclose
A. the number and percentage of franchisees that achieved the figures.
B. hypothetical examples of potential earnings.
C. an answer to the entrepreneur's question, "How much will I make?"
D. none of the choices.
Answer: A
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A bailment transfers title to real property to the bailee
Indicate whether the statement is true or false
The modified internal rate of return (MIRR) is a better indicator of a project's true profitability because:
A. only cash flows after payback period are discounted. B. of the assumption of a shorter payback period than the maximum cost recovery time established by firm. C. it assumes that the cash flows are reinvested at the required rate of return. D. of the assumption that the cash flows are reinvested at a risk-free rate. E. the cash flows are discounted at the internal rate of return.
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