User Account

All Pages

How does Freys treat each of these payments

Assignment Help Accounting Basics
Reference no: EM132671182

Problem - Freys, Inc., sells a 12-year "stuffed potato" franchise to Reynaldo. The franchise contains many restrictions on how Reynaldo may operate his store. For instance, Reynaldo cannot use less than Grade 10 Idaho potatoes, must bake the potatoes at a constant 410 degrees, must dress store personnel in Freys-approved uniforms, and must have a Freys sign that meets detailed specifications on size, color, and construction. When the franchise contract is signed, Reynaldo makes a noncontingent $160,000 payment to Freys. During the same year, Reynaldo pays Freys $300,000-14% of Reynaldo's sales. How does Freys treat each of these payments? How does Reynaldo treat each of the payments?

Reference no: EM132671182

Questions Cloud

The influence of entrepreneurship in health care : Write a paper on the influence of entrepreneurship in health care. The positive and negative ways that entrepreneurship has affected the health care field.
Explain process of making cookies : Carla and her husband Chris plan to make and sell gourmet and custom cookies on a make-to-order (production begins after the customer places the order) basis
Calculate the off and el contributions on next pay : Calculate the OFF and El contributions on his next pay. An employee, who is over the age of 13, under the age of 70, and is not in receipt of any CPP benefits
What are disadvantages of leadership styles : What are Disadvantages of Leadership styles Define individuals.
How does Freys treat each of these payments : Reynaldo pays Freys $300,000-14% of Reynaldo's sales. How does Freys treat each of these payments? How does Reynaldo treat each of the payments
What is meant by flow and resonance : Explanation of what is meant by "flow" and "resonance."
How much should be refunded to estate if any : An employee, who had been with the company for 6 years, passed away on July 31, 2019. How much should be refunded to her estate, if any?
Evaluate evidence based treatment interventions : Critically evaluate evidence based and "best practice" treatment interventions. Compose clinical intervention plans that are grounded research-based knowledge.
Explain the concept of cultural humility : Explain the concept of cultural humility, and discuss why it is so important to CHWs. How is cultural humility evident as we work with clients?

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd