Turn Caf sold a coffee shop franchise to Strike. The sale agreement, signed on March 2020 called

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for 350,000 down payment plus two 175,000 annual payments representing the value of initial franchise

services rendered by Turnover. In addition, the agreement required the franchise to pay 8% of its gross

sales to the franchisor. The coffee shop opened on October 2020 and its sales for the quarter ending is

2,625,000. Assuming the 12% interest is the rate appropriate (use 4 decimal places for PV factor), how

much is Turn's total revenue for the year?

Posted Date: Jun 16, 2024 01:12 AM

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Turn Caf sold a coffee shop franchise to Strike. The sale agreement, signed on March 2020 called

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