It is important for franchisors to specify rigid operations standards and to restrict choice of suppliers so that _____
a. franchisors can receive operating revenues
b. financial resource requirements for franchisees can be limited
c. a uniform image can be presented to customers regardless of location
d. a professional manager system can be utilized
c
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Criner Inc. reported the following results from last year's operations:Sales$16,100,000Variable expenses12,330,000Contribution margin3,770,000Fixed expenses3,126,000Net operating income$644,000Average operating assets$7,000,000At the beginning of this year, the company has a $1,800,000 investment opportunity with the following characteristics:Sales$1,980,000 ?Contribution margin ratio30%of salesFixed expenses$475,200 ?Required:1. What was last year's return on investment (ROI)? (Round to the nearest 0.1%.)2. If the company pursues the investment opportunity and otherwise performs the same as last year, what will be the overall ROI will this year? (Round to the nearest 0.1%.)
What will be an ideal response?
Sarah has car insurance. While driving her automobile, Sarah negligently ran a red light and hit Vi's car. Which type of coverage will pay for the damage done to Vi's car?
a. liability insurance b. comprehensive insurance c. accident insurance d. uninsured motorist insurance
) Which of the following distributions from a qualified retirement plan would be exempt from the 10 percent penalty tax if the distribution occurred before the covered employee was age 59.5?
I. A distribution made to an employee with a qualifying disability. II. A distribution made to a beneficiary or to the employee estate's after the employee's death. A) I only B) II only C) both I and II D) neither I nor II
A major contribution of the Miller model is that it demonstrates, other things held constant, that
A. personal taxes increase the value of using corporate debt. B. personal taxes lower the value of using corporate debt. C. personal taxes have no effect on the value of using corporate debt. D. financial distress and agency costs reduce the value of using corporate debt. E. debt costs increase with financial leverage.