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skelet666 [1.2K]
3 years ago
7

McDonald’s requires $750,000 in cash or liquid assets, a __________ initial fee, plus a monthly service fee based on the restaur

ant’s sales performance and rent.
Business
1 answer:
nignag [31]3 years ago
6 0

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.

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Part of the decision to accept additional business should be based on a comparison of the incremental (differential) costs of th
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TRUE

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Prepare a bank reconciliation as of October 31 from the following information:
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Answer:

              Bank Reconciliation Statement as of October 31

Particulars                       Amount    Particulars                     Amount

Balance as per bank          $350      Balance as per books    $806

Add: Late deposit               $433      Less: Returned checks   $80

Less: Outstanding check    $66       Less: Error recordings    $9

          ($24+$42)                                           ($65-$56)

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3 0
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An entrepreneur founded his company using $200,000 of his own money, issuing himself 200,000 shares of stock. An angel investor
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Answer:

the post money valuation of the company is $1,750,000

Explanation:

The computation of the post money valuation is shown below:

Given that

Value of 400,000 shares is  $1 million.

So,

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= $1 million ÷ 400,000

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And,  

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= 700,000

Now  

Total value of shares is

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= $1,750,000

hence, the post money valuation of the company is $1,750,000

6 0
2 years ago
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