Food Theory: McDonald's is NOT a Restaurant!
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- Опубликовано: 4 ноя 2020
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Theorists, what is McDonald's selling? The answer seems obvious - fast food! Most of us have partaken in their Big Mac burgers, fries, and other staples of the golden arches. Yet, that may be a big ol' LIE! That's right, Ronald McDonald may not be a clown selling some of our favorite indulgent quick serve foods. In fact, McDonald's may be in a completely different business all together. What is that business? You'll have to watch to find out!
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Credits:
Writers: Matthew Patrick, Zach Stewart, and Luke Barats
Editors: Pedro Freitas, Koen Verhagen, and Tyler Mascola
Assistant Editor: AlyssaBeCrazy
Sound Editor: Yosi Berman
#McDonalds #BigMac #FastFood #Resturant #Food #Recipe #Matpat #GameTheory #FilmTheory 
Хобби
How is working at McDonald's like being an archaeologist in Athens?
You end up smelling like ancient grease.
Correct
I laughed way harder than I should have ! 😂😂😂
As a McDonalds Worker: I approve this message
You sir get +1 for that godly pun
Ooof
“I have to sell my _McSoul_ to the company?!?”
Me: “Well that seemed obvious”
Ba ba ba basatan
*McObvious
@@ardour7793 i told u it wasnt a rick roll
@@ardour7793 ba da bing ba da boom i took your son
Imma Mcsell your Mcsoul to McDonald's
I'm an accountant and I'm GENUINELY surprised how accurate and well researched this is. Besides a few tiny mistakes here and there with semantics, you were spot on.
Good job
I can't finish the video, though cause it makes me feel like I'm doing my intermediate accounting class again lol. Giving me PTSD over here
What were the mistakes? Kinda curious
@@doocon1489 I don’t think there were many mistakes, just omissions. For example, he didn’t address loss carry forwarding in his amortization example. The whole video is just a bit oversimplified, which is fine considering the audience
He missed carryover losses in explaining 5 year amortization.
I'm a Retired financial advisor and I think it pretty great. Good for you on the accounting that made me want to drop those 400 level classes and just pay you.
SAAAAAAMEEEE
The fact you owe your McSoul to McDonalds implies it's already theirs since it's got the Mc in front of it, and they've just been waiting to strike all this time. McDonalds is inevitable
Ever since you were born. That's why some people are afraid of clowns. They remember Ronald McDonald in the delivery room with their parents.
He's always McWatching. You can't escape Ronald. He will take your McSoul
yea man!!!!
That’s why they’ll never take ur actual soul. There’s no mc
@HighScoreGliscor HUUUGE MISSED OPPORTUNITY for a mcscaped pun
Use this quote somewhere: "McDonald's is a real estate company that rents out buildings and makes them sell burgers so they can pay the rent"
@@AFPinerosG u mean a frenchfries
McDonalds is a real estate company that rents out buildings and makes them sell burgers s they can pay the rent.
*You said use it somewhere. You never specified WHERE to use it.*
I’ll take random wacky bullshit for 500, Alex.
That doesn't actually sound that bad.
this video is just an explanation on how to be a better more successful buisness
Mom: GET OUT OF YOUR ROOM AND GET A GIRLFRIEND
Me: SHUT UP MOM I'M LEARNING ECONOMICS
Heh
Ya dead son!
I'd classify it as Accounting
“YOU NEVER GET ME MOMM!!!”
it’s mum for me
and also why didn’t you choose something like “get a job or something” not “get a girlfriend”? makes more sense to me
So, what did you learn today?
That McDonald's is a real estate company.
What did it cost?
*_Learning Taxes._*
AND YOU LEARNED THE WRONG FACT!! IN FACT, YOU SHOUD BE LIKE THIS WHEN YOU WHATCH THIS EVER MORE: .
The McDonald's brothers would be turning in their graves if they saw the 'efficiency' that's implemented in a modern McDonald's. Takes 20+ minutes to get your food 😂
And the quality is worse
How much food you ordering? I've never had to wait any more than 2 minutes
@@PokeMario-pk4ot
You must live in a lil town
20+ in our town it is 45+ your lucky
@@PokeMario-pk4ot once my mom got like 2 or 3 burgers and 40 nuggets and it took them like 30 min and they forgot us and gave our food to other people and forgot our fries and never gave us a receipt
After that Illuminati joke, I’m convinced his next channel will be “Conspiracy Theory”
But that’s just a theory, a CONSPIRACY THEORY
Why'd you have to go and make things so complicated? I see the way you're acting like you're somebody else. Gets me frustrated. Just admit that you love the videos I make, my dear kai
I like your name
@@AxxLAfriku wait, what?
@@AxxLAfriku big brain
@@martinuz64 - they're quoting Avril Lavigne's "Complicated". Also, there's a conspiracy that she's been replaced.
Everyone's gangsta until Ireland decides they're also a bakery with that bread
What bread
How is this the featured comment 😂
Wow your funny
@@UnknownError839 I ask the same questions as you boo
What bread I only see cake
Ive learned more about taxes in this episode then my 16 years of schooling 🤣
Yeah...
Aame
Same
there are things teachers cant teach you forced by the goverment so like yeah-
Hi lesbian
It feels unreal being able to consume these refined and select collections of knowledge you beautifully present to us, totally free of cost. Thank you so much Matpat and everyone else behind this, your generous souls will be blessed greatly!
When a theory teaches more than a school.
I had to learn this AFTER having a business for 3 years, I wish this was a video way sooner, it would have saved me a lot of tax research
I am learning taxes in school
Your life was wasted to a superior real estate restaurant. Think about that.
this guys researched for u
or hire a trustworthy person who's devoted their life to fucking the govt outta your money
but hey nothing is too late
Food theory:
Teaching you about taxes more than school ever could
School teaching taxes? HA
It's fun to see accounting being represented. It's just a shame the information was not correct.
I left a earlier comment about this but basically companies prefer using bonus depreciation (100% tax depreciation) for the first year to get the tax benefit sooner. Also, you CAN keep the tax benefits in years where depreciation is greater then income.
Me: Wants to learn what are taxes
School: This is what is inside a mitocondria
@@alonsans school: this is what Emily made after the kid from across town mowed six lawns and found eight friends
A math test but If you get it wrong you get arrested.
This is somewhat similar to how Little Caesars makes their money. They can afford to sell crappy pizza at a low price because they are really in the food distribution business.
If such a video doesn't already exist, I should love to see such a video on how Little Caesars works!
He did lightly talk about it in his pizza toppings video if you're interested
"I owe my soul to the company store...."
Saint Peter don't you call me, cause I can't go
“You load sixteen tons, what do you get?
Another day over and you’re deeper in debt”
I went for an interview at McDs once. The guy asked me “what is McDonald’s?” To which I replied “it’s a fast food chain of restaurants”.
He sighed at me, apparently the answer he wanted was “one of the top charitable donating companies worldwide.” Like how was I supposed to know that’s the answer he wanted?
Seriously?
They want you to go to their website and give them a regurgitated version of their about us page. 😉
Huh...
@@philiphunt-bull5817 mine wasn't that extreme, but yeah
I don’t know if they were more proud of the Ronald Mcdonald Foundation or how they shelter and feed homeless rats.
....
"I owe my MCSOUL to the company?!"
That settles it. McDonald's is a cult.
Next theory ???
A cult I will join gladly
A McCult
McBlood for the McBlood God
@@lilynicholson7141 y e s
I wanted to say, thank you so much for teaching us! I've watched your channels every once in a while since 2014, and it feels like home when I come back.
I really dig history and science, so this episode (and this channel) are really up my alley!
Very informative. Thank you, Matt. Wish rich companies didn't have these sort of bs tax loopholes when individual people trying to make ends meet have no access to this kind of thing.
When a RUclips channel that makes theories on food teaches you more about business than most schools
So fucking true
Yes
Facts
Bruh
School doesn't teach us how to survive in the real world
McDonald's: Puts Mc in front of everything they own.
Batman: Finally a worthy opponent!
It took me 30 minutes to understand this comment.
Batmobile, batcave, batsuit, what else...
@@L16htW4rr10r - Batwayne Manor, Batalfred... Batbat and ball?
lmaoooo
@@L16htW4rr10r batpod,batterang,batwing.
0:34 how have i never noticed that it's MatDonalds
I've learned so much about real estate, you are amazing and so informative!
"Welcome do McDonalds, may I take your McOrder"
"hey you don't have to say Mc before every word okay?"
"Okay boss, excuse me sir,
welcome to Donalds"
Well about 40% of Americans would prefer that name.
@@Cyril29a good one XD
They should put McDonald’s in Antarctica because the penguins need mc flurrys
Well actually in other branch including us, we do not really prefer to say, "Welcome to McDonald's" because you know, you're already in the McDonald's why would the crew need to tell you that?
@@illgorhythm I worked in one and we didn't say it either, we had to be fast so just straight up ask what they want
"Where'd you learn how to do taxes?"
a RUclips video about mcdonalds
"I don't pay taxes"
Stop the cap
@@SuperPope69 “me neither brother”
@@unknownyeet169 keshush mando'ade. Warriors stand strong together against tyranny.
@@SuperPope69 me y
we need a full video of only food theory intros
they just get me every time 😂
Oh my GAWD, he sang Flight Of The Conchord’s “Business Time!” I’m so happyyyyyyyyyy!!
next channel : Tax Theory!
I checked the is be
Yannel
@@phone8691 what?
maybe
No, CONSPIRACY THEORY 1:56 (put it at 0.25x speed to see it clearly)
This taught me more about money, than my teachers ever had.
SAME
Ikr
Yeah even even I didn't understand the percentages.😅
Lol XD true
Facts tho
Omg love the flight of the conchords reference. Like the crossover i didn't know i needed!
There's something wrong with the world when a RUclips video teaches you taxes better than 16 years of schooling. We obviously need to know how to do scientific things(assuming you're not a scientist) but not know any how to pay taxes or anything! Isn't that right schools? Yep!
Our entire system is outdated and needs a serious upgrade.
Yes. Our school system has been corrupted since around 1917, according to my research. It really is a shame.
Yeah and next you're gonna tell me that Panera isn't a bread like OK Matpat this is getting farfetched
yeah
omg ur da real!!11!!
hi
Next up on Food Theory: Is a Baguette a mammal?
Y u everywhere
I little bit, but I still enjoy it
"Like when you realize that the Illuminati is actually real." >purple theory symbol flashes in background<
We need a purple conspiracy theory channel.
LIFE THEORY
Or you could say...
a "conspirthy" channel. ; )
@DINKLE BERG it works so well
I just saw 69 likes and I blinked and it changed to 77
(Ps. Noice)
@@maddogerios This pops up as a notification for me, I check, and see that it's gone up twenty since you posted that. It's amazing how popular the idea of a conspiracy theory channel is. Take a hint, MatPat.
McDonalds is a restaurant in the same way that Chuck E. Cheese is a Family Entertainment Centre that contains a restaurant.
i really actually love these food theory videos
Game Theory: Making games more interesting
Film Theory: Adding More Lore
Food theory: questioning my sanity
And making you hungry
Hell9
@@littlevirus3562 Accurate
This is teaching me more about finances than school at the moment and I love it.
School never reached anything financially useful.
I mean. I'm Mexican, so our experience might be different, but I suspect most of the world is suffering a similar situation. After all the complaint is the same across several countries and generations X to Z (Whose oldest members were born in 2000). I'm sure the 2010s kids will have the same complaint soon.
I was actually going to comment this so you beat me to it
economics in sophomore year, or macro and micro is what you got man
U missed the chance to say "I'm Mcloving it"
Yeah, poor financial education goals in schools is why everyone thinks Amazon legitimately pays $0 in taxes.
I WATCHED THE FOUNDER ITS AWSOME OMG I’m just so happy it’s just soooo miccing good (the miccing is fricking)lol
Very informative and good presentation. Have you done a video on how McDonald's corporate screws their franchises by requiring them to use Taylor machinery ?
"I'm working at a multi-billion dollar company that deals with real eastate"
"So you're an real estate agent?"
"No I flip burgers at McDonald's"
Technically restaurants themselves are "owned" by "independent" contractor. So you actually don't work for McDonald, just in McDonald restaurant. Also it isn't a theory. McDonald officially is a real estate company.
@@TheRezro what if the person works at one of those restaurants managed/owned by McDonald's themselfs?
that why the guy kick the partner out as soon as possible when he can made money off the rent..
WRYYYYYYYYYYY
@@vali69 They don't do that.
Matt pat you're the only person that makes talking about businesses interesting. You would make a great teacher.
Imagine how high all those grades would be if he was.
@@rosystrawberrywe'd all be geniuses! Nerds / geeks rule the world! 😀 🎆🎊🎉🥇🥇🥇🥇🥇
True he could be a great teacher
Company man is also a good channel.
Bold of you to assume he isn’t already teaching me stuff i never thought id want to know
I'm glad to have known the crazy fact about McDonalds being more of a real estate company than a restaurant a couple of years back because of the film 'The Founder'. And yes, it is a really good film! I actually watch it at least twice a year just because of how good the story and performances are. 😀
I loved the video! I believe that all franchisees in the U.K. pay a percentage of sales. The rent is factored into this and not charged separately. Drive-Thru are charged a higher percentage.
McDonald’s is a landlord?
“You’ll get your rent when you fix this goddamn ice cream machine!!!”
Aah a man of quality
I WANT MY ICECREAM MCDONALDS
The funny thing is the ice cream machine isn't usually broken. It's just a lazy lie so they don't have to explain that it shuts down at a certain time every day to clean itself
@@AceoftheVoid true LOL
>The Burger King flying behind
“Im still here, McPeter!”
When MatPat watches “The Founder” and goes “yeah I can make a video about this”
OMG......
ruclips.net/video/FSSFgWlDbJU/видео.html
@@heshamkaram5271 stop spamming bot
The founder?
Yep the founder lol
@@anti-terric1315 What’s that?
I know i’m seeing this video a little late but I think when matpat was calculating the tax for “burger bot 2000” he made a small discrepancy that actually means they are the same amount of tax. When he was calculating it for the second year with no depreciation it went from -50,000 from the first year to +50,000 even though in the second year you only made 50,000 when it should have leveled out to zero with this you would takeoff 10,500 of the total making it equal to the amount you would make from separating the costs.
Love the theories keep it up.
Brooo this is wild, also fr thank you for making business make sense
I love how instead of calling us "guys" like most RUclipsrs, he calls us "friends."
OMG..............
ruclips.net/video/FSSFgWlDbJU/видео.html
Who would’ve guessed that calling someone a friend sounds friendlier
And it's gender neutral!
@@heshamkaram5271 ok bro
Basic psychology and marketing tactic. I'm surprised you thought it was subtle e.e
Finance grad here, this simple accounting explanation was done better and more interesting than my day 1 accounting class. The example and explanation through depreciation and amortization are great and I just wished education was made more interesting like this. This is exactly why I love all the Game Theory channels.
Accounting grad here, I came looking for a comment like this!! Totally agree.
This video has actually helped me so much with my finance unit at school. Thanks, Matt Pat!
Depreciation is a method of expensing tangible assets (usually called fixed assets) over time, such as computers, equipment, furniture, buildings, etc. Land is not depreciated because it retains its value on average. Amortization is expensing intangible assets over time, such as organizational costs, copyrights, software, etc. Some people add software to the fixed assets, but they really should be intangible assets.
Theory: the next theory channel will be: “Conspiracy Theory”
When matpat was talking about the illuminati, a purple theory sign with an eye popped out for a few frames.
I was looking for a comment like this
Same, think so too
It is not a clue for a new channel, it was a tiny joke, if there was a new channel it's theme would be blue
Yeah but in a gtlive he said that he could never do a conspiracy theory
Meh, this is just a mini theory. I did not really put much effort into it.
McDonald: not a restaurant
me: how many other lies have I been told by the council?
This deserves more likes
yes i agree
i am an 8 year old kid!!!
Yeah coolbeans
Dreams irl skin isn’t green
i love food theory!!! they should make a channel like this but about video games.
Game Theory: am I a joke to u
Thank you for this video!
So, the question is: "Why do franchisees agree to these terms so frequently?"
Well, running a restaurant is very difficult, and the vast majority run on slim to no margins. Brand name alone helps to improve your chances. But also McDonald's does a large part of the work for you. At least as far as planning goes.
You get to run your business in an area the franchise has deemed optimal...and they probably know more about that than you do, considering collective experience. You are also given your menus, which means you know what you are going to make, and how you should make them. This standardization also helps to get customers, due to them knowing what they can get, regardless of the McDonald's.
Being a Franchisee is basically the entry level job of starting a business. It shows you the ropes, and guides you through many of your responsibilities.
_ j
Lf
@Lord Waluigi I wish you the best of luck.
This is very well stated! I love it!
There's also a bit of a fail-safe in that if your franchise location is unsuccessful for one reason or another, the franchiser will get you closed down and sold back before you're knee deep in debt. Or if, god forbid, some mob decides to burn down your Wendy's, you'll probably have the building insured through the franchiser.
I imagine they will also take care of logistics stuff as well; like ordering ingredients and stuff ??
Never thought I’d encounter the word “amortize” outside of work. Our company is sometimes asked to amortize expedite fees by working the cost into the unit price of their order, saving them the hassle of issuing a new purchase order.
I love The Founder. Watched it almost as soon as it was released, and since then have watched it probably 20 times.
Thanks for uploading at my birthday 🎂
“Are you a restaurant or a real estate firm?
Mcdonalds: I’m playing both sides, so that i always come out on top
Me being bi: y e s
@@sekoseko5539 look we got a spammer here get em
@@starfireseraphim9696 this is fucking genius
McDonald's is gonna be the FNAF of Food Theory. i'm calling it.
It shall be noted.
Yes!!!
First he has to get the CEO to start trolling him.
@@howwiee rlly bro
OMG...............
ruclips.net/video/FSSFgWlDbJU/видео.html
We watched this episode in class and I could not be happier!! 😭😭
Also love the video I just re entry learned a lot of this information last year too and I’m just now seeing this video 11 months later haha
"Put on your business socks"
Jokes on you I went to school for finance. I own a drawer full of business socks!
OMG......
ruclips.net/video/FSSFgWlDbJU/видео.html
@@heshamkaram5271 please stop SPAMMING •__•
"I am 4 parallel universes ahead of you!"
To powerful...👁👄👁
ShadowKing 7890 I reported it
I know it's a bit obvious but: "It's free real estate"
You mean: "It's free real Mcstate"
Oh my god
MCflurrious was so bad it’s good
Mcit's mcfree mcreal mcstate
@@cheese8658 lol
Thanks to the depreciation portion of the video, it actually helped me out when filling out my taxes this year, thank you Team Food Theorists
I’m kinda planning to be an accountant and I feel that this video saved me significant amounts of work in college.
Food theory: McDonald's is not a restaurant.
Me: *no it's a hotel*
OMG...........
ruclips.net/video/FSSFgWlDbJU/видео.html
yup same i sleep in a car using the mcdonald's wifi
Omg !! ruclips.net/video/oiBAR8vaAHk/видео.html
I think mat should make a school for teaching us this more then real teachers do 😂
YESSSSS
Yea but he think of a theory and we help him solve it
Maybe that is the problem of your educational system.
Agreed
If you're learning more from a RUclips video, then your educational system needs to change.
I LOVE how this channel in general (specifically the values of the pizza, chips and soda vodeos) teaches you stuff you actually use in life **cough poetry cough**
they teach you poetry and make you analyze it so you learn critical thinking skills
Love this!!
7:27 "Land doesn't expire or deteriorate"
Louisiana: Let me introduce myself.
Haha
This channel is truly magical. I just watched a 15 minute video about big corporations doing taxes, and I was entertained the whole way through. This community is incredible.
I really loved this video. This may be a theory channel but seems like you’re speaking facts here.
9:00 Actually, businesses can carry over losses to future years. So on year 2, they get to deduct the remaining $50,000 loss from year 1, leaving them with $0 in taxes in year 2 too. In fact, amortization is almost always NOT the way to go due to opportunity costs, so accountants usually deduct expenses right away in a lump sum whenever possible.
I don't think in his scenario he counted for opportunity costs, he basically assumed the future there.
New Food Theory: How much soda and mentos do you have to use to make a functional jetpack
*_YES._*
They dont need to make a whole video about it it's just not gonna be long and intresting
Yes >:)
@@nainnani7620 i just thought that it would be interesting to talk about. I mean, he went into how many chicken nuggets you might need to survive a fall.(even if it wasnt possible)
Absolutely.
Isn't it kinda crazy how this 15 minute video taught us more about accounting and business than school will ever teach you
Bruh just take business or financial math, you learn quite a bit
well, school teaches you basic stuff, this is why specific schools exist for want you want to pursue. Like business school and law school
You get used to learning more from RUclips than school if you watch Matpat's channels enough.
Well its because just like Advanced math,accounting and business isnt needed in real lif-- wait.
Unless you take an accounting course
Johnny Harris has a video on why the McDonalds ice cream machines are always broken, and it has a lot to do with the fact that these stores are individual franchises. Would love to see MatPat's take on it.
Fascinating stuff.
You forgot another point of fact....you know how every few years, they "renovate" their stores? Yeah, they depreciate their buildings over a period of time and then they invest money into construction costs, which also reduces their cost basis and resets the close on the building depreciation.
This is common....it's also a similar approach to how money launderers work. Pretty hilarious to me, rich people getting richer by doing the same things criminals do, but they don't get in trouble for it.
:)
"I think MatPat had too much fast food and all the salt dried his brain". People say this theory is far fetched....but be honest, what MatPat theory ISN'T farfetched? Isn't that one of the reasons why we like them?
Yep
But this one isnt farfetched, its simply a fact. If their earnings from real estate exceed their food earnings then they are absolutely primarily a real estate agency regardless of how they want the public sphere to recognize them.
3:00 flight of the concords - Buisness time?
I’m from New Zealand so if it actually is that would be so cool
Just want to say thanks MatPat this video helped me a lot since I’m doing a business project on McDonalds
Nice u r legend
Mat:“I know McDonalds! YOU know McDonalds!”
Me: Wait for it…
Mat: “OR DO WE?!”
Me: THERE IT IS!
Mat pat: McDonald’s is NOT a restaurant
Me: It’s a place where you get food
Matpat: It’s a REAL ESTATE company
Me: Yeah that’s what I said...
Me before watching the video: Oh hey, matpat made another video, let's see what it is
Me after watching the video: "says a lot about taxes". And that is how they make brownies
really, this is the only business related thing I can watch without falling asleep
No fast food joint is a restaurant, they are low-key food distribution centers, the customers that go there take the food and go, the front lobby where the tables are is a cafeteria/mess hall for workers when they're on a lunch break.
Everyone: Matpat is my teacher
Matpat: today we will talk about tax avoidance
Lol if he really was a teacher you know he’d be fired on his 1st day lol
Tax evasion is a crime, what they are doing is 100% legal. However imo bonuses should come after the company being taxed, not before, esp higher ups.
It's tax avoidance, not evasion. It's legal.
@@starfireseraphim9696 thats not political
@@michelleellison6284 There is something called TAX EVASION which IS ILLEGAL
Here’s a food theory: What is the easiest way to win a hotdog contest? Like, an eating contest.
I would love to do that theory on the channel :) I don't want to do self promoting, but I make theories (about game and movies) and I am about to reach 200 subscribers :) I make theories about suggested game and movies :) I would mean the world to me if you subscribed to the channel :) Thanks :)
Actual competitive hotdog eaters dip the hotdog sausages in water and just gulp the whole things down. Apparently the goal is to shove down hotdogs so fast that before the body registers information about how full it is, it's gone way past the limits its supposed to have. Can't really digest that either, so after the competition they have to throw up all of the whole hotdogs to get them out of their systems.
Brothers Theory Productions I understand being a small creator, check me out I’m Finnimation Studios!
ruclips.net/video/LmtbkmapCKs/видео.html RIP Manny MUA ,he died this morning ,so sad :(
@@BrotherTheory if you don't want to self promote, don't...
I love it how mat literally explains how accounting works in this system as a business college student I can approve to his explanation
You must have read Rich Dad, Poor Dad, by Robert Kiyosaki. In the book, he talks about Ray Kroc addressing an MBA class graduate class, wherehe asks, "What business am I in?" A graduate responds, "The hamburger business!" Kroc then responds, "No, I'm in the real estate business." It's one of my favorite books, and it was like you took this right out of it 😂👌🏻 10/10
Matpat in 2069: soup is a noble gas
But seriously give this man some love he makes some of the best videos in youtube today.
2069
Nice
Absolutely???
@@youraveragetheatrenerd2833 very
Yeah
OMG........
ruclips.net/video/FSSFgWlDbJU/видео.html
Dude, I have learned more about business and real estate than my business academy has taught me. A LITERAL ACADEMY, MADE TO TEACH BUSINESS.
Same
I've literally learned more about business from these videos during these months than from my university for the past 3 years
@@RZDraws it was because academies and schools and stuff were made in the Industrial Age to produce obedient workers,and fsr it hasn’t changed for 200 years
Still can't get over his Coffee video. It's such a cool in-depth analysis. Man, I love this channel.
lol true
Food Theory is wrong by that i mean their calculation for taxes are wron. Even if you make loss in year 1 you can claim that loss in next year to set off your profits i.e. if you make 50,000$ at the end of year 1 it will be setteled with the earnings from Year 2 which is again 50,000$ so at the end of year 2 you will show IRS that you have not made any profit so you are not laible to pay any taxes in 2nd year also but from 3rd year there are no losses and so you have to pay taxes which will end up $31,500 even without depreciation.
The real reason is not that they will save taxes but is something known as "Discounted CashFlow". DCF is why any business shows Depriciation rather than claming all costs at year 1.
I was not expecting this video to be a video about accounting. Me being an accounting love this 😂
Love the flight of the concords reference!!!!
As an accountant, this episode brings me joy because it helps many people understand basic accounting functions with topical examples. Excellent job!
I completly agree with you, Quinn :) I make theories myself and I appreciate it that MatPat explains the functions to everyone :)
“Well your a nerd!”
OMG...............
ruclips.net/video/FSSFgWlDbJU/видео.html
@@heshamkaram5271 no
“Having multiple revenue streams is smart business”
That was a perfect place for a reference about the expanding theory channels
THIS! Is what makes food theory a good channel
When you said that business Time song I instantly knew what it was from I didn’t know people actually knew that was a song