McDonald’s requires $750,000 in cash or liquid assets, a $45,000 initial fee, plus a monthly service fee based on the restaurant’s sales performance and rent.
Explanation:
According to McDonald's, total project expenditures, including construction costs and upgrades, vary from $1 million to $2.2 million. The number is determined by the restaurant geography and scale and the preference of kitchen equipment, branding, design style and landscaping.
McDonald's charges a franchisee premium of $45,000 and a monthly service rate equivalent to 4% of gross sales. Franchisees also have to pay rent, a proportion of the monthly sales to the client.
The International Union of Service Employees estimates that franchisees pay an average of 10.7% of revenue in rental costs.
The startup costs for McDonald's franchisee are like those of KFC, Wendy and Taco Bell.
Answer:
Dr Unearned rent revenue 16,800
Cr Rent revenue 16,800
Explanation:
Period 6 months
Period expired at year end which is from September to December = 4 months
December 31
Dr Unearned rent revenue 16,800
(4/6×25,200)
Cr Rent revenue 16,800
Unearned Rent Revenue was debited in order to reduced Liability while Rent Revenue was credited in order to increase revenue.
Answer:
There is sufficient evidence to support the claim that the majority of US adults believe raising the minimum wage will help the economy
Explanation:
Please see attachment .
Answer and Explanation:
Her deductible loss is $27,000.
Answer:
Dividends account was decreased by $4800.
Explanation:
When dividends are declared, a temporary account called dividends is created. It is a contra equity account that decreases retained earnings account and has a debit balance (although it is included under stockholders' equity). Once the dividends are paid, this account is cancelled.
