If you buy a McDonald's franchise and agree to pay a royalty fee of 12.5% annually, how much money will you owe McDonald's at the end of a year in which you sell $98,000 of product?
A. $12,000
B. $12,100
C. $12,200
D. $12,250
Answer: D
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Analytical symptoms for unrecorded notes and mortgages payable include which of the following?
a. Significant increases in recorded debt b. Unreasonable relationships between interest expense and recorded liabilities c. Recorded amounts of notes payable, mortgages payable, and other debts that appear to be too high d. Significant sales of assets with not much cash flow
If the most optimistic time for completing an activity is 23, the most likely time is 25, and the most pessimistic time is 39, then the estimated time for the activity is ______.
A. 27 B. 39 C. 42 D. 17
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