1. what is the role of the franchiser when a franchise is purchased?
2. list three advantages of buying an existing business.
3. imagine that you want to open a doggy-daycare business. give an example of a human risk, a natural risk, and an economic risk associated with opening this business.
4. using your answers from the previous question, give one way to manage or lessen the risk you identified.
5. explain why starting a business from scratch is more difficult than purchasing a franchise, buying an existing business, or joining a family business.

Dozier company produced and sold 1,000 units during its first month of operations. it reported the following costs and expenses for the month: direct materials $ 69,000 direct labor $ 35,000 variable manufacturing overhead $ 15,000 fixed manufacturing overhead 28,000 total manufacturing overhead $ 43,000 variable selling expense $ 12,000 fixed selling expense 18,000 total selling expense $ 30,000 variable administrative expense $ 4,000 fixed administrative expense 25,000 total administrative expense $ 29,000 required: 1. with respect to cost classifications for preparing financial statements: a. what is the total product cost