1) Business Summary With one of the worlds most widely know commemorate names, McDonalds operates and franchises nearly 32,500 restaurants that offer various food items, modest drinks, coffee, and oppositewise beverages around the world. Systemwide sales totaled $76.7 billion in 2010, up from $72.4 billion in 2009 and $70.7 billion in 2008. In the U.S., the McDonalds softwood chain brings the $160 billion quick-service restaurant industry. With U.S. systemwide sales of $31 billion, its interior(prenominal) business is several times larger than its closest competitors, Burger faery and Wendys Old Fashioned Hamburgers. MCDs international segment has supplied much of its requital growth over the past two decades, and, in 2010, contributed 54% of operating income (before corporate expenses and one-time charges). All restaurants are operated by MCD, franchi expects, or affiliates under joint venture agreements. In August 2007, the go with completed the s ale of its existing businesses in Brazil, Argentina, Mexico, Puerto Rico, Venezuela and 13 separate countries in Latin America and the Caribbean to a developmental licen chink (the Latam transaction). The mickle recorded impairment charges totaling approximately $1.7 billion, substantially all of which was non- bullion.
The charges entangle approximately $892 million for the difference between the net assay-mark value of the Latam business and the approximately $680 million in coin proceeds, and $773 million in foreign currency translation losings previously included in comprehensive income. (The inform ation higher up comes from the internet sit! e mergentonline.com.) 2) From the internet site cnbc.com, we can see the close price of MCD on February 9th is $ 75.93. 3) The last news virtually MCD is that U.S. reserves of corn have hit their lowest tar realize aim in more than 15 years, reflecting tighter supplies that will lead to high food prices in 2011. And a severe drouth in China, the worlds largest wheat grower, could force prices even higher. McDonalds...If you want to get a full essay, order it on our website: OrderCustomPaper.com
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