Franchising

•From Chapter 11, define and describe “working capital.” Why is “working capital” an important factor in managing a franchise? What is the difference between “debt financing” and “equity financing"?

•Explain why the timing of paying expenses and collecting receivables is important to cash flow management. How does a business owner/manager honor God in both the paying of obligations and the collection of invoices due?

•Review Table 12-3 and describe several ways that an effective Information System helps a franchisee manage the business. Provide a logical flow of information to the various entities based upon this table.

You will complete four Discussion Board forums throughout the course. Initial threads must be a minimum of 550 words, not including references. Each thread should demonstrate college level writing with regard to content and style. Grading will be based on how well the student’s thread demonstrates that he or she has read, understood, and carefully considered the question(s), textbook, and any other resource needed to complete the assignment.
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