Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
1. Franchise Entries Pacific Cross burgers Inc. charges an initial franchise fee of $70,000. Upon the signing of the agreement, a payment of $28,000 is due. Thereafter, three annual payments of $14,000 are required. The credit rating of the franchisee is such that it would have to pay interest at 10% to borrow money. Prepare the entries to record the initial franchise fee on the books of the franchisor under the following assumptions.
(a) The down payment is not refundable, no future services are required by the franchisor, and collection of the note is reasonably assured.
(b) The franchisor has substantial services to perform, the down payment is refundable, and the collection of the note is very uncertain.
(c) The down payment is not refundable, collection of the note is reasonably certain, the franchisor has yet to perform a substantial amount of services, and the down payment represents a fair measure of the services already performed.
1. benchmarking is relatively easy to do with the amount of available financial information about companies. best done
How much income must Terry recognize when she receives the stock dividend?
rotelco is one of the largest digital wireless service providers in the united states. in a recent year it had
What unit values should Herman use for each of its products when applying the LCM rule to ending inventory?
a review of parrish corporations accounting records found that at a volume of 134000 units the variable and fixed cost
A corporate bond has a face value of $1,000 and an annual coupon interest rate of 7 percent. Interest is paid annually. Of the original 20 years to mautrity, only 10 years of the life of the bond remain. The current market price of the bond is $872. ..
How should these notes be reported on the balance sheet of the issuing company? Give a reason for your answer.
Net Income Operating Cash Flows Investing Cash Flows Financing Cash Flows 2015 $10,900 $14,800 -$7,500 $10,600 2016 $12,300 $19,200 -$9,100 -$6,400 What is the amount of Terastar's free cash flows for 2016? $6,900 $10,100 $12,800 $3,300
Discuss how the use of nonintegrated information systems can lead to waste in an organization.
the last free cash flow for a company was 51 million and it is expected it to grow at a constant rate of 4 percent
Provide analysis showing the net profit from (i) the covered call and (ii) the protective put on the expiration date assuming the stock price has fallen 20%. Which strategy is more effective at retaining the value of your position?
conolly inc. manufactures pocket calculators. costs incurred in making 9280 calculators in april included 29400 of
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd