Pacific Crossburgers Inc

Subject:AccountingPrice: Bought3

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Pacific Crossburgers Inc. charges an initial franchise fee of$70,000. Upon the signing of the agreement, a payment of $28,000 isdue. Thereafter, three annual payments of $14,000 are required. Thecredit rating of the franchisee is such that it would have to payinterest at 10% to borrow money.Instruct...