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On June 30, 2010, your client, Ferry Company, was granted two patents covering plastic cartons that it had been producing and marketing profitably for the past 3 years. One patent covers the manufacturing process, and the other covers the related products. Ferry executives tell you that these patents represent the most significant breakthrough in the industry in the past 30 years. The products have been marketed under the registered trademarks Evertight, Duratainer, and Sealrite. Licenses under the patents have already been granted by your client to other manufacturers in the United States and abroad and are producing substantial royalties. On July 1, Ferry commenced patent infringement actions against several companies whose names you recognize as those of substantial and prominent competitors. Ferry's management is optimistic that these suits will result in a permanent injunction against the manufacture and sale of the infringing products as well as collection of damages for loss of profits caused by the alleged infringement. The financial vice-president has suggested that the patents be recorded at the discounted value of expected net royalty receipts. Instructions(a). What is the meaning of "discounted value of expected net receipts"? Explain.
(B). What basis of valuation for Ferry's patents would be generally accepted in accounting? Give supporting reasons for this basis.
From the data given compute the Break Even Point - Evaluate break-even point in terms of dollars
Assuming that the retirement benefit is the only consideration in making the retirement decision, should Ms. Bittner accept her employer’s offer?
Determine the IRR for Blue Snow's snowboard project and determine the NPV for Blue Snow's snowboard project
illustrate how this new system would work. In this example the allocated base its machine-hours. if the company bases its predetermined overhead rate on capacity, by how much was manufacturing overhead under applied or over applied?
Illustrate what adjusting entry would you need to make, assuming you decided to allow the maximum amount of revenues for 2009, using modified accrual accounting?
Illustrate what is the company's total tax liability to both jurisdictions for each of the two alternative transfer pricing scenarios?
What was the top marginal personal income tax rate in 1980? What is the top rate now? Are you in favor of or opposed in the lower marginal rates? Why?
How should profit or loss on early extinguishment of debt be evaluated? Does the early extinguishment of the 7 percent bonds result in a gain or loss? Describe.
Elucidate the pros and cons of using this method to evaluate a capital expenditure (10 points) and (2) show all computations required to arrive at the correct solution.
Calculate the cost per cart using direct labor hours to assign overhead costs and What is the gross margin on a deluxe golf cart?
In a recent year Dillon Corporation had net income of $130,000, interest expense of $20,000, and tax expense of $30,000. What was Dillon Corporation's times interest earned ratio for the year?
Write a paragraph that explains the difference between a stock dividend and a stock split - Explanation about the main differences between a stock dividend and a stock split.
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