Have strong geographic coverage- due to franchisee investments-and the motivation of franchisees as owner-operators. They should not get bogged down in policy disputes with franchisees or charge excessive royalty fees. Involves a contractual arrangement between a franchisor (a manufacturer, wholesaler, or service sponsor) and a retail franchise. Allows franchisee to conduct business under an established name and that pattern of business.
a. Franchisee pays an initial fee and monthly percentage of gross sales in exchange for the exclusive rights to sell goods and services in an area.
b. In production/trademark franchising- a franchisee acquires the identity of a franchisor by agreeing to sell the latter's products and/or operate under the latter's name
c. In Business format franchising- more interactive relationship between a franchisor and a frachisee. Ex- Mcdonalds
d. Manufacturer-retailer. Gives independept frachisees the right to sell goods and related services through a licensing agreement. Ex- General motors page 99

2standard deviation a particular telephone number is used to receive both voice calls and fax messages. suppose that 25% of the incoming calls involve fax messages, and consider a sample of 25 incoming calls. (a) what is the expected number of calls among the 25 that involve a fax message?

Chance company had two operating divisions, one manufacturing farm equipment and the other office supplies. both divisions are considered separate components as defined by generally accepted accounting principles. the farm equipment component had been unprofitable, and on september 1, 2018, the company adopted a plan to sell the assets of the division. the actual sale was completed on december 15, 2018, at a price of $600,000. the book value of the division’s assets was $1,000,000, resulting in a before-tax loss of $400,000 on the sale. the division incurred a before-tax operating loss from operations of $130,000 from the beginning of the year through december 15. the income tax rate is 40%. chance’s after-tax income from its continuing operations is $350,000. required: prepare an income statement for 2018 beginning with income from continuing operations. include appropriate eps disclosures assuming that 100,000 shares of common stock were outstanding throughout the year. (amounts to be deducted should be indicated with a minus sign. round eps answers to 2 decimal places.)

Your dormitory, griffingate, has appointed you central banker of its economy, which deals in the currency of wizcoins. assume that the velocity of wizcoins in griffingate is constant at 10,000 transactions per year. right now, real gdp is 1,000 wizcoins, and there are 2,000 wizcoins in existence.