Michael Is a Franchise Restaurant Owner

question 41

Multiple Choice

Michael is a franchise restaurant owner.He has which of the following costs?

• A)franchise fee to start plus a monthly royalty as a percentage of sales, plus other operational costs
• B)a royalty to the franchisor calculated as a percentage of income plus other operational costs
• C)his costs are the same as any other restaurant owner
• D)his costs equal his sales, that is, the matching principle from accounting

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