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Analyzing a Sample Franchise Opportunity

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Analyzing Your Franchise Opportunity

My Franchise which I chosen was a Bookkeeping Office

This week, you will formally begin to consider the decision to pursue your selected opportunity. Specifically, this week's Project should include the following:

Summary of your selected franchise opportunity
Cost-volume-profit analysis model for your opportunity
Estimate of break-even sales and units

You will need to research your selected franchise. Use data from franchise opportunity websites, franchise-related blogs, and other websites such as www.bizstats.com to answer these questions.

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Analyzing Bookkeeping Office Franchise

Summary

Bookkeeping office franchise is one of the fastest growing franchises in the world. This is mainly due to the fast growth of small businesses that have less than 19 employees over the past two decades and often rather than employ a full time accountant, make use of part time bookkeepers (Teixeira, 2010).

The bookkeeping office that I intend to open will focused mainly on outsourced accounting services to these small businesses that need part time bookkeepers. The bookkeeping franchise will in particular strengthen the franchise systems of small businesses through provision of cost effective bookkeeping services, quality assurance, tax readiness, consolidated reporting, consulting and outsourced CFO services. Its main aim is to provide analyze and provide timely, relevant, accurate and secure financial data to businesses to that will be helpful in maximizing the performance of the businesses. The business will not only maintain books and generate financial reports, but will also help franchisees to better understand how to read and interpret financial information.

Opening this franchise will require research and analysis on the costs that will be incurred. Shown below is the ...

Solution Summary

This solution provides assistance with analyzing a bookkeeping office franchise.

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Two-Sample Hypothesis Test

Instructions..I need to do a Two or More Sample Hypothesis Test. See attached documents and then...

a. In 200 - 300 words, do the following...
b. Perform the five-step hypothesis test on data pertaining to your selection. The subject is in baseball "there is no correlation between salaries and wins."
c. Describe the results of your test, and explain how the findings from this hypothesis testing can be used to answer your research question.
Be sure to include your raw data tables and the results of the computations of your Z-test or t-test in your paper, using both graphical and tabular methods of displaying data and results

The hypothesis is "there is no correlation between salaries and wins." We either need to accept the null hypothesis or reject it. By performing the five-step hypothesis we should determine if the hypothesis is accepted or rejected.

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