Review of Financial Statements

Financial statements are essential accountancy tools which include balance sheets, bills in flow statements, and income statements that post information on a ships comp ever soy?s past and enter financial history. Information on financial statements can be utilize by any number of public and one-on-one entities to determine if an organization?s financial status is healthy. Burger mightiness and McDonald?s are dickens organizations that use financial statements in conducting business. Further, this paper will verbalize the financial statements of each company, the firms which canvas each companies financial statements, and attack accounting theorys, terminologies, and transactions used in the financial statements. redundant information will provided regarding when McDonald?s and Burger King were established and what switch and services they provide to the public. overview of OrganizationsMcDonalds branch opened its doors in 1940 introducing the concept of the ?speedee service system? offer french fries, hamburgers, and shakes to satisfy the athirst(p) client quickly at a low price. Over the conterminous 65 plus days the McDonalds fare has changed from honourable french fries and hamburgers to salads, wraps, chicken nuggets and more more items which allow to the ever changing tastes of consumers. McDonalds has been criticized over the years as beingness a major contributor heights obesity rates, in dissever due to the speedee service concept.

These literary criticism have caused McDonald?s to rethink batting order items and helped the company to ordinate numerous changes to the menu which right off offers nutritional guides for each menu item and fitter choices such as salads, fruit, and milk. McDonald?s has changed the crude used to kid pabulums to cite the fries healthier and includes a choice of repast sizes and approximately recently started a refreshing line of drinking drinking chocolate drinks, which offers the desired Starbucks taste for a fraction of the cost. ?The fast nourishment chain currently has 31,000 restaurants planetary and... If you want to get a full essay, order it on our website: Ordercustompaper.com

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