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What the amount of revenue from franchise fees

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Question - Sand hill Inc. charges an initial franchise fee of $3100000¥ with $530000 paid when the agreement is signed and the balance in 5 annual payments. The present value of the future payments, discounted at 10%, is 551910551 The franchisee has the option to purchase $330000 of equipment for $312000. Sandhill has substantially provided all initial services required and collectibility of the payments is reasonably assured. What the amount of revenue from franchise fees?

Reference no: EM133137331

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