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Question - On August 1, 2018, I'm Yours Inc. entered into franchise agreement with You're Mine franchisee. The initial franchise fees agreed upon is Php 246, 900, of which Php 46, 900 is payable upon signing and the balance to be covered by a noninterest-bearing note payable in four equal annual installments. The down payment is refundable within 100 days. Collection of the note is highly uncertain. Out-of-pocket cost of Php 125, 331 and Php 12, 345 were incurred for direct expenses and indirect expenses respectively. Prevailing market rate is 9%. PV factor is 3. 2397. On the fiscal year ended October 31, 2018, how much income will the franchisor recognize?
Crouch LLC placed in service on May 19, 2017 machinery and equipment, Calculate the maximum depreciation expense including §179 expensing
Compute the rate variance, the efficiency variance, and the total direct labor cost variance for each of these two months. (Input all amounts as a positive value.
In the blank space beside each adjusting entry, enter the letter of the explanation A through F that most closely describes the entry.
Cash collections of receivables amounted to $74,700. Find the amount of bad debts expense recognized in the 2016 income statement
Compute ending inventory at cost using the conventional retail method. What is the ending inventory using the conventional retail method
What is a vision system? Discuss two applications of such a system.
Deerwood Corporation lends its principal shareholder, The loan is interest free and payable on demand
Job 007 requires $10,000 of direct materials, $4,000 of direct labor, 400 tons of material, Determine the cost of Job 007
Is it necessary to adjust the inventory records by increasing inventory and accounts payable? if not what adjustments should be made?
$50,000 of principal was paid at the end of the year of sale. Jessica's contract price, gross profit percentage, and payment in the year of sale are
At the end of the 6-month period, the exchange rate between currency A and B was 2.2. What is the final result of this carry trade strategy
This discussion surrounds an example of how one industry used statistics to make important analytics decisions about how it best served its customers.
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