Read the case study titled "The Hair Emporium," prior to doing the assignment.

Write a four to five (4-5) page paper in which you:

1. Decide on the types of accounting and financial records that Rolando and Rosa should and should not share with their franchisees. Provide a rationale with your response.
2. Expound on the importance of completing balance sheets and operating statements on a monthly and yearly basis.
3. Predict the consequences that would result if Rolando and Rosa completed balance sheets and operating statements on a quarterly basis instead of a monthly basis.
4. Determine whether Rolando and Rosa should recommend, insist upon, or be indifferent to the types of accounting procedures all franchisees should follow.
5. Reach conclusions about the financial health of the Hair Emporium by assessing the accounting and financial records provided in the case study, including the ratios you used and why you selected them.
6. Use at least two (2) quality academic sources to support your answers. Note: Wikipedia and other Websites do not qualify as academic resources.

Your assignment must follow these formatting requirements:

• Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow APA or school-specific format. Check with your professor for any additional instructions.
• Include a cover page containing the title of the assignment, the student's name, the professor's name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length.

The specific course learning outcomes associated with this assignment are:

• Analyze accounting and financial statements in regard to the franchise industry.
• Use technology and information resources to research issues in chain management and franchising.
• Write clearly and concisely about chain management and franchising using proper writing mechanics.

• Points: 150	Assignment 4: The Hair Emporium
  Criteria	Unacceptable Below 70% F	Fair 70-79% C	Proficient 80-89% B	Exemplary 90-100% A
  1. Decide on the types of accounting and financial records that Rolando and Rosa should and should not share with their franchisees. Provide a rationale with your response. Weight: 15%	Did not submit or incompletely decided on the types of accounting and financial records that Rolando and Rosa should and should not share with their franchisees. Did not submit or incompletely provided a rationale with your response.	Partially decided on the types of accounting and financial records that Rolando and Rosa should and should not share with their franchisees. Partially provided a rationale with your response.	Satisfactorily decided on the types of accounting and financial records that Rolando and Rosa should and should not share with their franchisees. Satisfactorily provided a rationale with your response.	Thoroughly decided on the types of accounting and financial records that Rolando and Rosa should and should not share with their franchisees. Thoroughly provided a rationale with your response.
  2. Expound on the importance of completing balance sheets and operating statements on a monthly and yearly basis. Weight: 15%	Did not submit or incompletely expounded on the importance of completing balance sheets and operating statements on a monthly and yearly basis.	Partially expounded on the importance of completing balance sheets and operating statements on a monthly and yearly basis.	Satisfactorily expounded on the importance of completing balance sheets and operating statements on a monthly and yearly basis.	Thoroughly expounded on the importance of completing balance sheets and operating statements on a monthly and yearly basis.
  3. Predict the consequences that would result if Rolando and Rosa completed balance sheets and operating statements on a quarterly basis instead of a monthly basis. Weight: 15%	Did not submit or incompletely predicted the consequences that would result if Rolando and Rosa completed balance sheets and operating statements on a quarterly basis instead of a monthly basis.	Partially predicted the consequences that would result if Rolando and Rosa completed balance sheets and operating statements on a quarterly basis instead of a monthly basis.	Satisfactorily predicted the consequences that would result if Rolando and Rosa completed balance sheets and operating statements on a quarterly basis instead of a monthly basis.	Thoroughly predicted the consequences that would result if Rolando and Rosa completed balance sheets and operating statements on a quarterly basis instead of a monthly basis.
  4. Determine whether Rolando and Rosa should recommend, insist upon, or be indifferent to the types of accounting procedures all franchisees should follow. Weight: 20%	Did not submit or incompletely determined whether Rolando and Rosa should recommend, insist upon, or be indifferent to the types of accounting procedures all franchisees should follow.	Partially determined whether Rolando and Rosa should recommend, insist upon, or be indifferent to the types of accounting procedures all franchisees should follow.	Satisfactorily determined whether Rolando and Rosa should recommend, insist upon, or be indifferent to the types of accounting procedures all franchisees should follow.	Thoroughly determined whether Rolando and Rosa should recommend, insist upon, or be indifferent to the types of accounting procedures all franchisees should follow.
  5. Reach conclusions about the financial health of the Hair Emporium by assessing the accounting and financial records provided in the case study, including the ratios you used and why you selected them. Weight: 20%	Did not submit or incompletely reached conclusions about the financial health of the Hair Emporium by assessing the accounting and financial records provided in the case study, including the ratios you used and why you selected them.	Partially reached conclusions about the financial health of the Hair Emporium by assessing the accounting and financial records provided in the case study, including the ratios you used and why you selected them.	Satisfactorily reached conclusions about the financial health of the Hair Emporium by assessing the accounting and financial records provided in the case study, including the ratios you used and why you selected them.	Thoroughly reached conclusions about the financial health of the Hair Emporium by assessing the accounting and financial records provided in the case study, including the ratios you used and why you selected them.
  6. 2 references Weight: 5%	No references provided	Does not meet the required number of references; some or all references poor quality choices.	Meets number of required references; all references high quality choices.	Exceeds number of required references; all references high quality choices.
  7. Clarity, writing mechanics, and formatting requirements Weight: 10%	More than 6 errors present	5-6 errors present	3-4 errors present	0-2 errors present