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BLACKPINK CORPORATION, which sells specialized sandwiches, charges an initial franchise fee of P 900,000 to Mrs. Jeny Choi on January 1, 2020 for the right to operate as a franchisee of BLACKPINK CORPORATION. Of this amount P 180,000 is payable when the agreement is signed and the balance is payable in 4 equal installment payments. In return for the payment of initial franchise fee, the franchisor will assist the franchisee to locate the site, supervise the construction activity and provide bookkeeping services. The credit rating of the franchisee indicates that the money can be borrowed at 10%. The present value of an ordinary annuity factor is 3.16987.
Problem 1: How much is the franchise revenue if the down payment is non-refundable, the collectability of the note is reasonably assured and there is substantial performance of services?
You will calculate and compare the financial ratios listed further down this documentfor the fiscal year ending 2014, and prepare your comments about the two companies' performances based on your ratio calculations.
How a senior auditor contributes to the successful completion of an auditor engagement? And how a staff accountant contributes to the successful completion
question state whether there is any violation of the aicpa code of professional conduct and the nature of the
Determine the correct amount of net income for April and the total assets, liabilities, and owner's equity at April 30 and explain.
allocations schedule and sampa consolidation journal entry.on january 1 2009 pampas company acquired 80 of smith
Executory costs related to leasing incude:
The ABC Company reported $350,000in cash and cash equivalent on their 12/31/2014 balance sheet. Which of the following would not be included in the $350,000 balance? The ABC Company factored, without recourse, $40,000 of accounts receivable to the La..
Financial Statement Analysis
Accounts Receivable of the Chalet Housing Co. on December 31, 2013, had a balance of $550,000. Allowance for Bad Debts had a $4,500 debit balance. Sales in 2013 were $3,450,000 less sales discounts of $51,000. Give the adjusting entry for estimated B..
Inadequate segregation of duties over certain information system access controls.
Dino's, Inc., makes a variety of T-shirts with logos. The company has discovered a new market for sweatshirts with logos. Market research indicates that a sweatshirt like this would sell well in the market priced at $32.40 each. Dino's desires an ope..
You purchased a zero coupon bond one year ago for $109.83. The market interest rate is now 9 percent. If the bond had 25 years to maturity when you originally purchased it, what was your total return for the past year?
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