Author Question: A restaurant owner is part of a franchised chain that charges a 3.4% royalty fee on all sales. Last ... (Read 59 times)

rosent76 · **on:** Aug 15, 2020

Question 1

A new restaurant operation will cost $1 million to open. The operation's owner has $400,000 in personal funds that will be used for the project but must borrow an additional $600,000. If the additional money is borrowed, what percentage of this project will be equity funded?
◦ 10%
◦ 40%
◦ 60%
◦ 100%

Question 2

A restaurant owner is part of a franchised chain that charges a 3.4% royalty fee on all sales. Last month the owner's restaurant achieved $200,000 in sales. What is the amount of the royalty fee owed by the owner for last month's sales?
◦ $588
◦ $680
◦ $5,882
◦ $6,800

shayla · **Reply #1 on:** Aug 15, 2020

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