Food Theory: McDonald's is NOT a Restaurant!
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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
@QubitHQ 3 роки тому
How is working at McDonald's like being an archaeologist in Athens? You end up smelling like ancient grease.
@humm3753 3 роки тому
Correct
@somefilmguy24 3 роки тому
I laughed way harder than I should have ! 😂😂😂
@endercreepdrago2200 3 роки тому
As a McDonalds Worker: I approve this message
@ravenhunter1355 3 роки тому
You sir get +1 for that godly pun
@yummybeeftaco 3 роки тому
Ooof
@CKproductions1000 3 роки тому
next channel : Tax Theory!
@phone8691 3 роки тому
I checked the is be
@phone8691 3 роки тому
Yannel
@VojinLolic 3 роки тому
@@phone8691 what?
@losingweightisfun9908 3 роки тому
maybe
@tacocats2244 3 роки тому
No, CONSPIRACY THEORY 1:56 (put it at 0.25x speed to see it clearly)
@thenexithero02 2 роки тому
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
@LadyOnikara 2 роки тому
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.
@Flightkitten 2 роки тому
He's always McWatching. You can't escape Ronald. He will take your McSoul
@walterreinke7217 2 роки тому
yea man!!!!
@MarioMastr 2 роки тому
That’s why they’ll never take ur actual soul. There’s no mc
@MarioMastr 2 роки тому
@HighScoreGliscor HUUUGE MISSED OPPORTUNITY for a mcscaped pun
@Pheminon1 2 роки тому
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
@doocon1489 Рік тому
What were the mistakes? Kinda curious
@dirtymike3329 Рік тому
@@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
@ken12117 Рік тому
He missed carryover losses in explaining 5 year amortization.
@franklinwhite-gl2cc Рік тому
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.
@tasos01 3 місяці тому
SAAAAAAMEEEE
@TetaGama 3 роки тому
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"
@coolcatcastle8 3 роки тому
@@AFPinerosG u mean a frenchfries
@thelazygamer2195 3 роки тому
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.*
@joemullarkey5719 3 роки тому
I’ll take random wacky bullshit for 500, Alex.
@alastorlapid2365 3 роки тому
That doesn't actually sound that bad.
@cupajoe3655 3 роки тому
this video is just an explanation on how to be a better more successful buisness
@Wifies 3 роки тому
Yeah and next you're gonna tell me that Panera isn't a bread like OK Matpat this is getting farfetched
@vcq9757 3 роки тому
yeah
@BigNoobieNo 3 роки тому
omg ur da real!!11!! hi
@theuniverse5311 3 роки тому
Next up on Food Theory: Is a Baguette a mammal?
@mohammadtahir4410 3 роки тому
Y u everywhere
@exists8238 3 роки тому
I little bit, but I still enjoy it
@mimistardust3915 3 роки тому
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 😂
@americanrroyalty 2 роки тому
And the quality is worse
@PokeMario-pk4ot 2 роки тому
How much food you ordering? I've never had to wait any more than 2 minutes
@wettaloca2923 2 роки тому
@@PokeMario-pk4ot You must live in a lil town
@Notmee2309 2 роки тому
20+ in our town it is 45+ your lucky
@madhatter5698 2 роки тому
@@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
@Gabowsk 2 роки тому
So, what did you learn today? That McDonald's is a real estate company. What did it cost? *_Learning Taxes._*
@erenyhennawy4779 Рік тому
AND YOU LEARNED THE WRONG FACT!! IN FACT, YOU SHOUD BE LIKE THIS WHEN YOU WHATCH THIS EVER MORE: .
@KainaX122 3 роки тому
“I have to sell my _McSoul_ to the company?!?” Me: “Well that seemed obvious”
@bradengoertzen4259 3 роки тому
Ba ba ba basatan
@oskrm 3 роки тому
*McObvious
@prodgodmaderayy 3 роки тому
@@ardour7793 i told u it wasnt a rick roll
@tobiassoriano9788 3 роки тому
@@ardour7793 ba da bing ba da boom i took your son
@flaretheartist 3 роки тому
Imma Mcsell your Mcsoul to McDonald's
@ecliptic6911 3 роки тому
Mom: GET OUT OF YOUR ROOM AND GET A GIRLFRIEND Me: SHUT UP MOM I'M LEARNING ECONOMICS
@levi_hackerman 3 роки тому
Heh
@sillyom7071 3 роки тому
Ya dead son!
@freakcan 3 роки тому
I'd classify it as Accounting
@rayd604 3 роки тому
“YOU NEVER GET ME MOMM!!!”
@TYsdrawkcaB 3 роки тому
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
@sapphicsandals 3 роки тому
Ive learned more about taxes in this episode then my 16 years of schooling 🤣
@Liliana_the_ghost_cat 3 роки тому
Yeah...
@meanimations5782 2 роки тому
Aame
@gabbzgamez1442 2 роки тому
Same
@Joe-xx7nd 2 роки тому
there are things teachers cant teach you forced by the goverment so like yeah-
@jelly_is_thicc4872 2 роки тому
Hi lesbian
@jemimahrajakumar7770 2 роки тому
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!
@Joeseph_Mamamoa 3 роки тому
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
@autivivishow2951 3 роки тому
I am learning taxes in school
@shor6y810 3 роки тому
Your life was wasted to a superior real estate restaurant. Think about that.
@reneaceballo 3 роки тому
this guys researched for u
@rickfordmorningstar130 3 роки тому
or hire a trustworthy person who's devoted their life to fucking the govt outta your money
@GPM3 3 роки тому
but hey nothing is too late
@PikaPikaLOL 3 роки тому
After that Illuminati joke, I’m convinced his next channel will be “Conspiracy Theory” But that’s just a theory, a CONSPIRACY THEORY
@AxxLAfriku 3 роки тому
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
@apacheduane8998 3 роки тому
I like your name
@martinuz64 3 роки тому
@@AxxLAfriku wait, what?
@prussr1885 3 роки тому
@@AxxLAfriku big brain
@itsthevoiceman 3 роки тому
@@martinuz64 - they're quoting Avril Lavigne's "Complicated". Also, there's a conspiracy that she's been replaced.
@HolyKhaaaaan Рік тому
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!
@MmMm-mr6tf Рік тому
He did lightly talk about it in his pizza toppings video if you're interested
@cupofearlgreytea7651 3 роки тому
"I owe my soul to the company store...."
@mentaya11 2 роки тому
Saint Peter don't you call me, cause I can't go
@dustycocoa7388 2 роки тому
“You load sixteen tons, what do you get? Another day over and you’re deeper in debt”
@kamazinghehe4670 3 роки тому
Food theory: Teaching you about taxes more than school ever could
@donnysoal9748 3 роки тому
School teaching taxes? HA
@taringator 3 роки тому
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.
@alonsans 3 роки тому
Me: Wants to learn what are taxes School: This is what is inside a mitocondria
@daniodino8243 3 роки тому
@@alonsans school: this is what Emily made after the kid from across town mowed six lawns and found eight friends
@AmericanIdiot7659 3 роки тому
A math test but If you get it wrong you get arrested.
@pentax2551 3 роки тому
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?
@philiphunt-bull5817 3 роки тому
Seriously?
@Orinslayer 3 роки тому
They want you to go to their website and give them a regurgitated version of their about us page. 😉
@shadeshift1268 3 роки тому
Huh...
@cyrus6461 2 роки тому
@@philiphunt-bull5817 mine wasn't that extreme, but yeah
@Daniel-jk6ve 2 роки тому
I don’t know if they were more proud of the Ronald Mcdonald Foundation or how they shelter and feed homeless rats.
@pazzieanneknexx809 3 роки тому
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!
@hallowizer440 3 роки тому
0:34 how have i never noticed that it's MatDonalds
@Moonstar79 3 роки тому
Everyone's gangsta until Ireland decides they're also a bakery with that bread
@ericluo520 3 роки тому
What bread
@UnknownError839 3 роки тому
How is this the featured comment 😂
@yesatitsfinest 3 роки тому
Wow your funny
@Moonstar79 3 роки тому
@@UnknownError839 I ask the same questions as you boo
@acringybananaman3829 3 роки тому
What bread I only see cake
@mixedlove217 3 роки тому
.... "I owe my MCSOUL to the company?!" That settles it. McDonald's is a cult.
@exists8238 3 роки тому
Next theory ???
@thinktoddlerbutaddissues1004 3 роки тому
A cult I will join gladly
@barryallen2240 3 роки тому
A McCult
@Cdog-vl3gk 3 роки тому
McBlood for the McBlood God
@mixedlove217 3 роки тому
@@lilynicholson7141 y e s
@beastmode8780 2 роки тому
we need a full video of only food theory intros they just get me every time 😂
@phoebe5114 2 роки тому
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.
@alalalalsekkeke 3 роки тому
Game Theory: Making games more interesting Film Theory: Adding More Lore Food theory: questioning my sanity
@littlevirus3562 3 роки тому
And making you hungry
@timepassllite9862 2 роки тому
Hell9
@haleyhersh3850 Рік тому
@@littlevirus3562 Accurate
@rubiconprime1429 3 роки тому
McDonald’s is a landlord? “You’ll get your rent when you fix this goddamn ice cream machine!!!”
@SOMEONE-pr8qp 3 роки тому
Aah a man of quality
@MissMisa39 3 роки тому
I WANT MY ICECREAM MCDONALDS
@AceoftheVoid 3 роки тому
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
@theuniverse5311 3 роки тому
@@AceoftheVoid true LOL
@twenty-fifth420 3 роки тому
>The Burger King flying behind “Im still here, McPeter!”
@ripreq589 2 роки тому
8:50 ignore this
@thestorysaurus 2 роки тому
There's something wrong with the world when a UKposts 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!
@gabrieljordan8015 2 роки тому
Our entire system is outdated and needs a serious upgrade.
@thecomposerchanginggames5250 2 роки тому
Yes. Our school system has been corrupted since around 1917, according to my research. It really is a shame.
@Salena905 3 роки тому
Matt pat you're the only person that makes talking about businesses interesting. You would make a great teacher.
@rosystrawberry 3 роки тому
Imagine how high all those grades would be if he was.
@Salena905 3 роки тому
@@rosystrawberrywe'd all be geniuses! Nerds / geeks rule the world! 😀 🎆🎊🎉🥇🥇🥇🥇🥇
@renadelkimt.magbalon3168 3 роки тому
True he could be a great teacher
@MrMhinson2 3 роки тому
Company man is also a good channel.
@burridi 3 роки тому
Bold of you to assume he isn’t already teaching me stuff i never thought id want to know
@paladincomics 3 роки тому
"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"
@Cyril29a 3 роки тому
Well about 40% of Americans would prefer that name.
@paladincomics 3 роки тому
@@Cyril29a good one XD
@noannbrigido8147 3 роки тому
They should put McDonald’s in Antarctica because the penguins need mc flurrys
@illgorhythm 3 роки тому
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?
@paladincomics 3 роки тому
@@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
@Migzter05 2 роки тому
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. 😀
@Xyliphox 2 роки тому
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.
@user-mh2bw4hu3o 3 роки тому
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.
@catgamer267 3 роки тому
I was looking for a comment like this
@Jaguarstudios8379 3 роки тому
Same, think so too
@abdullahbazil7532 3 роки тому
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
@saosp95 3 роки тому
Yeah but in a gtlive he said that he could never do a conspiracy theory
@user-mh2bw4hu3o 3 роки тому
Meh, this is just a mini theory. I did not really put much effort into it.
@becca8237 3 роки тому
"Where'd you learn how to do taxes?" a UKposts video about mcdonalds
@SuperPope69 3 роки тому
"I don't pay taxes"
@alexjaimes1441 3 роки тому
Stop the cap
@unknownyeet169 3 роки тому
@@SuperPope69 “me neither brother”
@SuperPope69 3 роки тому
@@unknownyeet169 keshush mando'ade. Warriors stand strong together against tyranny.
@kimcollins1743 3 роки тому
@@SuperPope69 me y
@Helluva_Mars667 Рік тому
I've learned so much about real estate, you are amazing and so informative!
@racetucker56 3 роки тому
Oh my GAWD, he sang Flight Of The Conchord’s “Business Time!” I’m so happyyyyyyyyyy!!
@thomasallerton5334 3 роки тому
When MatPat watches “The Founder” and goes “yeah I can make a video about this”
@heshamkaram5271 3 роки тому
OMG...... ukposts.info/have/v-deo/foOEep2Oo3qTq4k.html
@danaiea 3 роки тому
@@heshamkaram5271 stop spamming bot
@anthonydeltoro- 3 роки тому
The founder?
@anti-terric1315 3 роки тому
Yep the founder lol
@anthonydeltoro- 3 роки тому
@@anti-terric1315 What’s that?
@jokeofalltrades2838 3 роки тому
When a UKposts channel that makes theories on food teaches you more about business than most schools
@hamburger3453 3 роки тому
So fucking true
@noobpoob3889 3 роки тому
Yes
@unknownmystery2958 3 роки тому
Facts
@fionnrush6594 3 роки тому
Bruh
@clanglois781 3 роки тому
School doesn't teach us how to survive in the real world
@PSmith5194681153 2 роки тому
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.
@protarbeni4006 2 роки тому
I love it how mat literally explains how accounting works in this system as a business college student I can approve to his explanation
@shenglongli8387 3 роки тому
McDonald: not a restaurant me: how many other lies have I been told by the council?
@Donttrustthatburger5144 3 роки тому
This deserves more likes
@teresafowler1119 3 роки тому
yes i agree
@teresafowler1119 3 роки тому
i am an 8 year old kid!!!
@moriahlim7904 3 роки тому
Yeah coolbeans
@bludr3w110 3 роки тому
Dreams irl skin isn’t green
@vali69 3 роки тому
"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"
@TheRezro 3 роки тому
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.
@vali69 3 роки тому
@@TheRezro what if the person works at one of those restaurants managed/owned by McDonald's themselfs?
@campkira 3 роки тому
that why the guy kick the partner out as soon as possible when he can made money off the rent..
@theuniverse5311 3 роки тому
WRYYYYYYYYYYY
@TheRezro 3 роки тому
@@vali69 They don't do that.
@thorned_sakura Рік тому
Omg love the flight of the conchords reference. Like the crossover i didn't know i needed!
@halo2odst 3 роки тому
I'm pretty sure businesses are allowed to carry losses forward for the purpose of taxes. In other words it wouldn't matter when you do the write off
@kpdog123 2 роки тому
Short answer: it depends. There's so much nuance to the tax code and tax planning that you really need to look at each situation individually.
@TomMcMorrow 3 роки тому
"Put on your business socks" Jokes on you I went to school for finance. I own a drawer full of business socks!
@heshamkaram5271 3 роки тому
OMG...... ukposts.info/have/v-deo/foOEep2Oo3qTq4k.html
@danaiea 3 роки тому
@@heshamkaram5271 please stop SPAMMING •__•
@pizzadragon2699 3 роки тому
"I am 4 parallel universes ahead of you!"
@alicethearticfox3520 3 роки тому
To powerful...👁👄👁
@danaiea 3 роки тому
ShadowKing 7890 I reported it
@AttackonSandwich 3 роки тому
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.
@beccac4982 3 роки тому
Accounting grad here, I came looking for a comment like this!! Totally agree.
@herootpups 2 роки тому
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
@shoe5672 3 роки тому
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
@eken1725 3 роки тому
7:27 "Land doesn't expire or deteriorate" Louisiana: Let me introduce myself.
@lilith_firehawk 3 роки тому
Haha
@davidryker9442 3 роки тому
"Like when you realize that the Illuminati is actually real." >purple theory symbol flashes in background< We need a purple conspiracy theory channel.
@goodpotato24alt95 3 роки тому
LIFE THEORY
@bennyboiart7781 3 роки тому
Or you could say... a "conspirthy" channel. ; )
@grndragon7777777 3 роки тому
@DINKLE BERG it works so well
@maddogerios 3 роки тому
I just saw 69 likes and I blinked and it changed to 77 (Ps. Noice)
@davidryker9442 3 роки тому
@@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.
@nitemis 2 роки тому
This video has actually helped me so much with my finance unit at school. Thanks, Matt Pat!
@jasmineperry7398 Рік тому
Brooo this is wild, also fr thank you for making business make sense
@SangoProductions213 3 роки тому
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.
@justinesedesky9638 3 роки тому
_ j Lf
@SangoProductions213 3 роки тому
@Lord Waluigi I wish you the best of luck.
@beakersgarage383 3 роки тому
This is very well stated! I love it!
@LeoBeastmode 3 роки тому
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.
@PY5RA 3 роки тому
I imagine they will also take care of logistics stuff as well; like ordering ingredients and stuff ??
@Exo-Eilte 3 роки тому
This is teaching me more about finances than school at the moment and I love it.
@SergioLeonardoCornejo 3 роки тому
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.
@tyissticks 3 роки тому
I was actually going to comment this so you beat me to it
@matthewoliver6629 3 роки тому
economics in sophomore year, or macro and micro is what you got man
@crispy.potato.4054 3 роки тому
U missed the chance to say "I'm Mcloving it"
@grimmy24 3 роки тому
Yeah, poor financial education goals in schools is why everyone thinks Amazon legitimately pays $0 in taxes.
@marcosbeni5875 3 роки тому
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.
@thecomposerchanginggames5250 2 роки тому
I don't think in his scenario he counted for opportunity costs, he basically assumed the future there.
@johnnythewalrus Рік тому
I love The Founder. Watched it almost as soon as it was released, and since then have watched it probably 20 times.
@PurooRoy 3 роки тому
McDonald's: Puts Mc in front of everything they own. Batman: Finally a worthy opponent!
@Director_Oompaloompa 3 роки тому
It took me 30 minutes to understand this comment.
@L16htW4rr10r 3 роки тому
Batmobile, batcave, batsuit, what else...
@rybones6671 3 роки тому
@@L16htW4rr10r - Batwayne Manor, Batalfred... Batbat and ball?
@m.warthan 3 роки тому
lmaoooo
@Director_Oompaloompa 3 роки тому
@@L16htW4rr10r batpod,batterang,batwing.
@therealcrb 3 роки тому
I love how instead of calling us "guys" like most UKpostsrs, he calls us "friends."
@heshamkaram5271 3 роки тому
OMG.............. ukposts.info/have/v-deo/foOEep2Oo3qTq4k.html
@salt407 3 роки тому
Who would’ve guessed that calling someone a friend sounds friendlier
@benjamincooper358 3 роки тому
And it's gender neutral!
@BlazinInfernape 3 роки тому
@@heshamkaram5271 ok bro
@TheCPtutorales 3 роки тому
Basic psychology and marketing tactic. I'm surprised you thought it was subtle e.e
@tedphillips2501 Рік тому
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 ?
@Baggytrousers27 Рік тому
McDonalds is a restaurant in the same way that Chuck E. Cheese is a Family Entertainment Centre that contains a restaurant.
@brandont.3804 3 роки тому
Isn't it kinda crazy how this 15 minute video taught us more about accounting and business than school will ever teach you
@yungchang4124 3 роки тому
Bruh just take business or financial math, you learn quite a bit
@bo2doki811 3 роки тому
well, school teaches you basic stuff, this is why specific schools exist for want you want to pursue. Like business school and law school
@Rainfire-forgets-to-animate 3 роки тому
You get used to learning more from UKposts than school if you watch Matpat's channels enough.
@zedantXiang 3 роки тому
Well its because just like Advanced math,accounting and business isnt needed in real lif-- wait.
@akoiya6300 3 роки тому
Unless you take an accounting course
@imrn9191 3 роки тому
Food theory: McDonald's is not a restaurant. Me: *no it's a hotel*
@sekoseko5539 3 роки тому
OMG........... ukposts.info/have/v-deo/foOEep2Oo3qTq4k.html
@lekekkkrkrop7212 3 роки тому
yup same i sleep in a car using the mcdonald's wifi
@kaitenkarmluni903 3 роки тому
Omg !! ukposts.info/have/v-deo/p5lzdYhvrZdyqZ8.html
@raidonraikatuji2243 2 роки тому
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.
@hennerztheman5007 2 роки тому
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**
@themooreoable 10 місяців тому
they teach you poetry and make you analyze it so you learn critical thinking skills
@creamymarshmxllow2830 3 роки тому
“Are you a restaurant or a real estate firm? Mcdonalds: I’m playing both sides, so that i always come out on top
@homedepot. 3 роки тому
Me being bi: y e s
@danielortega6567 3 роки тому
@@sekoseko5539 look we got a spammer here get em
@person3271 3 роки тому
@@starfireseraphim9696 this is fucking genius
@toushu-422 3 роки тому
This taught me more about money, than my teachers ever had.
@sananathebanana6433 3 роки тому
SAME
@quantumreptilecare1330 3 роки тому
Ikr
@livywithane 3 роки тому
Yeah even even I didn't understand the percentages.😅
@toast.warmer3137 3 роки тому
Lol XD true
@AmAreThe 3 роки тому
Facts tho
@individual2122 Рік тому
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.
@bennettam.9330 2 роки тому
We watched this episode in class and I could not be happier!! 😭😭
@Se1Ko0 3 роки тому
McDonald's is gonna be the FNAF of Food Theory. i'm calling it.
@Sovic91 3 роки тому
It shall be noted.
@coffie_beaner 3 роки тому
Yes!!!
@omnitroph1501 3 роки тому
First he has to get the CEO to start trolling him.
@coffie_beaner 3 роки тому
@@howwiee rlly bro
@heshamkaram5271 3 роки тому
OMG............... ukposts.info/have/v-deo/foOEep2Oo3qTq4k.html
@5kwithoutanyvideos992 3 роки тому
Here’s a food theory: What is the easiest way to win a hotdog contest? Like, an eating contest.
@BrotherTheory 3 роки тому
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 :)
@joshuakim5240 3 роки тому
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.
@5kwithoutanyvideos992 3 роки тому
Brothers Theory Productions I understand being a small creator, check me out I’m Finnimation Studios!
@alaiaomanu6318 3 роки тому
ukposts.info/have/v-deo/hJ2llqGkmKZ0rKc.html RIP Manny MUA ,he died this morning ,so sad :(
@jancoxdd 3 роки тому
@@BrotherTheory if you don't want to self promote, don't...
@alexb.4104 2 роки тому
I’m kinda planning to be an accountant and I feel that this video saved me significant amounts of work in college.
@ehhhhhh1885 2 роки тому
Why is it that MatPat's food theories don't make me hungry for food after I finished watching them- they make me full and now I don't want breakfast
@CodinskiSchwartzando 3 роки тому
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.
@djrios7483 3 роки тому
New Food Theory: How much soda and mentos do you have to use to make a functional jetpack
@bluelfsuma 3 роки тому
*_YES._*
@nainnani7620 3 роки тому
They dont need to make a whole video about it it's just not gonna be long and intresting
@ineedsleep1682 3 роки тому
Yes >:)
@djrios7483 3 роки тому
@@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)
@majapapaya8981 3 роки тому
Absolutely.
@michaelmata9171 Рік тому
I live in a suburb in Houston, there’s 3 McDonalds on the same road all within 2.5 miles of each other (plus another inside the local mall). There’s another major road that has 2 McDonalds (plus another in the local Walmart). There’s also 2 on adjacent road further down from where I live. I never knew why there was so many but I guess you learn something everyday
@EricckkkMoneyyy Місяць тому
I worked at McDonald's 12 years ago in Knoxville, TN and it was actually a very good place. Although I only get started out at $7.25 and ended at $8.50 an hour. But I've ate and been to so many messed up McDonald's in my life. I was at one that a person got stabbed at, many fights broke out on a lot of them, some of them were dirty, etc.
@EricckkkMoneyyy Місяць тому
Isn't Revenue money the same as Gross Income?
@WitherLord888 3 роки тому
"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?
@cipherwolfieowo7714 3 роки тому
Yep
@annastclair5898 3 роки тому
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.
@bellavoid2479 3 роки тому
I think mat should make a school for teaching us this more then real teachers do 😂
@ibethemango3192 3 роки тому
YESSSSS
@noo6423 3 роки тому
Yea but he think of a theory and we help him solve it
@Taffoman 3 роки тому
Maybe that is the problem of your educational system.
@tyrj.williams5316 3 роки тому
Agreed
@themonarch620 3 роки тому
If you're learning more from a UKposts video, then your educational system needs to change.
@JuniorCode-uq1cn Рік тому
Hard Rock Cafe uses this principal (if you don't know what Hard Rock Cafe is its a European restaurant chain) (PS: You should definitely try it if you have a chance) (PSS: Try their Messi Burger it is awesome)
@lizziedoesthings1450 3 роки тому
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.
@sabriath 3 роки тому
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. :)
@mcmoth7945 3 роки тому
I know it's a bit obvious but: "It's free real estate"
@cheese8658 3 роки тому
You mean: "It's free real Mcstate"
@luckytom3052 3 роки тому
Oh my god
@skylaraples6617 3 роки тому
MCflurrious was so bad it’s good
@mihaitirlea2509 3 роки тому
Mcit's mcfree mcreal mcstate
@therustyscupper4440 3 роки тому
@@cheese8658 lol
@Alexindiegamedev 2 роки тому
Thank you MatPat for the business lessons I appreciate it
@hollyhermann8212 3 роки тому
It’s likely you won’t see this, but if y’all are into this sort of thing, on the history channel, there’s a show called the food that built America, and it’s also a podcast on Spotify and other podcast platforms. It’s really interesting and talks about the founding of really big food chains and brands now! I would suggest checking it out!
@mexicanpototo649 3 роки тому
Dude, I have learned more about business and real estate than my business academy has taught me. A LITERAL ACADEMY, MADE TO TEACH BUSINESS.
@RZDraws 3 роки тому
Same I've literally learned more about business from these videos during these months than from my university for the past 3 years
@declancheong8836 3 роки тому
@@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
@supertron6039 3 роки тому
Still can't get over his Coffee video. It's such a cool in-depth analysis. Man, I love this channel.
@enderpearl8281 3 роки тому
lol true
@shubhamagrawal8259 3 роки тому
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.
@clothingpool2847 3 роки тому
Everyone: Matpat is my teacher Matpat: today we will talk about tax avoidance
@thesilverprincess 3 роки тому
Lol if he really was a teacher you know he’d be fired on his 1st day lol
@egg-roll8968 3 роки тому
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.
@michelleellison6284 3 роки тому
It's tax avoidance, not evasion. It's legal.
@rougn 3 роки тому
@@starfireseraphim9696 thats not political
@davidsilva7376 3 роки тому
@@michelleellison6284 There is something called TAX EVASION which IS ILLEGAL
@Mcdouble123 2 роки тому
I WATCHED THE FOUNDER ITS AWSOME OMG I’m just so happy it’s just soooo miccing good (the miccing is fricking)lol
@vinnys_pizzeria7890 2 роки тому
i love food theory!!! they should make a channel like this but about video games.
@sonicrunning2007 10 місяців тому
Game Theory: am I a joke to u
@playerboy678 3 роки тому
The Thumbnail: McDonald’s is not a restaurant All of us: You’re right Matpat: Oh great y’all actually understood! All of us: It’s a Fast Food Resturant Matpat:*Facepalm*
@ProbablyaPurplePerson 3 роки тому
fAcEpAlM
@ggmangold1165 3 роки тому
Just what I was thinking
@manoerinafanchannel3196 3 роки тому
yeah, thats pretty much what i thought at first. i always thought it was weird how certain mcdonalds locations were 'owened' by certain companies and my frozen mcchicken wasnt longmont's problem since i bought it 3 miles north of them. left me really bitter.
@Alvionalx 3 роки тому
*Facepalm*
@hellspawn4083 3 роки тому
Napalm-faceplam
@evanmarcus5975 3 роки тому
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.
@kittysleapajSoapsareawesome 7 місяців тому
i love how we got a 15 min long accounting lecture. I absolutely love it.
@deannal.newton9772 Рік тому
I saw the movie "The Founder" on Netflix and all I can say is that Ray Crock kind of took credit for what the McDonald brothers have done for McDonald's in the first place. At least Howard Shultz didn't say that he was the founder of Starbucks, heck he went out of his way to tell people that he WASN'T the founder of Starbucks but he bought it from his former bosses. Ray Crock on the otherhand kept going on and on how he founded McDonald's to people who would listen to him, which is why I have slightly more respect for Howard Shultz than Ray Crock.
@taringator 3 роки тому
Hey, accountant here. I really enjoy your videos but there is a couple of things I want to point out, although I am not a tax specialist. The first is that companies prefer using bonus depreciation, which allows them to use 100% tax depreciation in the first year rather then what you said about a preference to straight-line over the life of the asset. This is so companies can have their tax benefit immediately rather then in the future. Then that goes into the whole idea of present value of money but I will gloss over that for now. Also, your point about going over your income in the first year is incorrect. There is the concept of deferred tax assets that will carry-over losses for future years, so that tax benefit is never lost.
@beamo1220 3 роки тому
From a CPA, IAgreed. He really messed up that whole part of the video. The IRS REQUIRES companies to use depreciation over the life of the property and allows for exception to deduct it all immediately like the business really wants to. In his example, if they were allowed to deduct it all immediately, they would show a $50,000 loss in year 1 and then in year 2 show a $50,000 profit, but would be a to deduct the previous years Net Operating Loss and would show $0 profit for year 2 as well. They would then pay tax on $50,000 in years 3, 4, and 5 like he said and like you said companies will defer that tax bill as long as possible because they would rather have the money now than later.
@matthewjudd8478 3 роки тому
DING DING DING. Tax specialist here. you nailed it. It is interesting how little people understand how taxes work. Even then, doing some research about a tax topic will not yield useful information unless you understand the basics of the specific area you are researching. In short, there is a reason CPA firms earn what they do. Taringator and Brian B nailed it on the head here, guys.
@knottheory79220 3 роки тому
lol I have nothing to add, but I'm amused at how many CPAs watch this channel and since I am one too I wanted to pile on.
@calebclay1920 3 роки тому
I came to the comment section looking for this comment. As a Accounting student I knew he got a lot of facts wrong, but I knew I didn't know enough to do the subject justice. Thanks for helping me understand what he was wrong about.
@stephen3164 3 роки тому
Former CPA here... a-yup. Tax law is incredibly complex and always changing. If MattPat had actually done all the necessary research in to taxes, land, depreciation, etc - he could have passed that section of the cpa exam! Ie, it’s a LOT to take in.
@wetdanksauce6191 3 роки тому
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...
@sonan333 3 роки тому
At 5:40 The rate at which McDonalds are opened was listed, but what is the rate at which they close?
@rengyspikys 10 місяців тому
Thanks for uploading at my birthday 🎂
@soape4873 3 роки тому
How to speak McDonalds: Put “Mc” at the beginning of your words.
@itsjedu8403 3 роки тому
McI Mcspeak McMcDonalds
@emeraldist30 3 роки тому
Mcthanks
@GhostGlitch. 3 роки тому
Mcduh
@keyuwolf5726 3 роки тому
McFinished
@emu7046 3 роки тому
McWow McCool McLanguage McThere, McHey McThis McIs McHurting McMy McBrain
@wanderneverlost1557 3 роки тому
FINALLY!!! I've been waiting ALL WEEK!!!
@vcq9757 3 роки тому
Yes
@PansyPops 3 роки тому
Don’t you mean McWeek?
@Osmium78 3 роки тому
Good job wolf_gaming
@gonkdroidincarnate4237 3 роки тому
Patience Iago... PATIENCE!
@markcinco2270 3 роки тому
Its 3:00 AM here and still watching this
@hydrolito Рік тому
Salvage yard sells used automobile parts and often other things also. Some people wrongly said Sanford and son was about a guy that ran a junk yard when instead he and his son ran a salvage yard in the stories.
@kathrynferland141 5 місяців тому
I was not expecting this video to be a video about accounting. Me being an accounting love this 😂
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