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please post steps and FORMULAS. I would like to learn. Chapter 8, Question 8 Franchise Fees Last Year Revenue and Fees $1,235,575 Next Year Revenue
please post steps and FORMULAS. I would like to learn.
Chapter 8, Question 8 Franchise Fees Last Year Revenue and Fees $1,235,575 Next Year Revenue Change 5.0% 7,5% -25% 2.5% 10.0% 12.5% Revenue Monthly inspection fee Royalty fee Marketing fee Total Franchise fees Total Franchise fee % $500 6.50% 2.25% A. What was the total amount of franchise fees Stella pald last year? 6. What was the total percent (rounded to two places) of her gross sales Stella paid in franchise fees last year? What is the total percent of her gross sales (rounded to two places) Stella will pay in tranchise tees next year if her sales increase 10.0 percent? d. If her sales actually increase 10.0 percent next year, will the Total Franchisee Fee percent of sales Stela will pay her tranchisor be higher, or lower, than it was last year? Why? c Step by Step Solution
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