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Question - Turn Café sold a coffee shop franchise to Strike. The sale agreement, signed on March 2020 called for 350,000 down payment plus two 175,000 annual payments representing the value of initial franchise services rendered by Turnover. In addition, the agreement required the franchise to pay 8% of its gross sales to the franchisor. The coffee shop opened on October 2020 and its sales for the quarter ending is 2,625,000. Assuming the 12% interest is the rate appropriate (use 4 decimal places for PV factor), how much is Turn's total revenue for the year?
Vendor verification is of the key activities involved in managing a company's vendor information. What are some of the audit issues related to this activity?
Using your IDEA audit software and workbook, walk through and complete the entire process described in Section 4, related to the analysis of inventory.
All the purchases are paid for as follows: 40% in the month of purchase, Calculate budgeted balance of accounts payable at the end of October
may co inadvertently overstates its 2009 ending inventory by 5000 and understates 2010 inventory by 5000. which of the
Why does a merchandising company prepare the cost of goods section for the income statement?
selected operating data on the two divisions of york company are given belownbspdivisionnbspeastern westernnbspsales
B.M Company Operations cash account has a month end balance of $128,002. What is the correct balance for cash in bank should be reported
Berj Corporation issued bonds and received cash in full for the issue price. What was the maturity amount of the bonds
Oro Company began operations on January 1, 2012 and appropriately uses the installment sales method of accounting. Compute the realized gross profit
FNSACC406A Create the company using your name, student number and an address - Veterinary clinic for domestic animals and Veterinary clinic for domestic animals
Tab exchanges real estate used in his business along with stock for real estate to be held for investment. What is Tab realized gain or loss
An asset costs 11,800 and has a salvage value of 2,800 after 5 years. What is the declining balance method depreciation rate %
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