Kroc has dinner with one of his franchisees, Rollie Smith and his wife June. They share an idea with him on how they can save hundreds of dollars in electrical costs and reduce time in making milkshakes. They say that the walk-in refrigerator and ice cream is costing them a fortune. Answer the following: a) What is the solution?

b) What is Kroc’s response?

Which of the following accurately describes a situation in which consumers have elastic demand? a. a restaurant starts using margarine instead of butter because butter becomes more expensive. b. consumers boycott a restaurant because the waiters aren't paid minimum wage. c. a company starts using sugar instead of corn syrup because its revenues are up. d. people give up eating pasta and bread because they want to lose weight. 2b2t

The following transactions occurred during july: received $1,000 cash for services provided to a customer during july. received $4,000 cash investment from bob johnson, the owner of the business received $850 from a customer in partial payment of his account receivable which arose from sales in june. provided services to a customer on credit, $475. borrowed $7,000 from the bank by signing a promissory note. received $1,350 cash from a customer for services to be rendered next year. what was the amount of revenue for july?

Which of the following is not an example of one of the four mail advantages of prices on a free market economy