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Question - On January 1, 20x1, Baguio Beans, a well-known basketball team' of its name and logo to a customer. The customer, an apparel designer, has the right to use Baguio Beans' name and logo on items including t-shirts, caps, mugs and towels for two years. In exchange for providing the license, Baguio Beans will receive a fixed consideration of 200,000 and a royalty of 20% of the sales price of any items using the team name or logo. The customer expects that Baguio Beans will continue to play games and provide a competitive team. The license is transferred to the customer at contract inception. The customer reports sales of 1,000,000 for the year. How much revenue will Baguio Beans recognize from the contract in 20x1?
Dukas Corporation's net cash provided by operating activities was $218,000; What is the company's free cash flow
The firm's marginal tax rate is 45%. The firm is currently making projections for next period. What is firm marginal cost of capital at a total investment
Prepare a flexible budget for all costs of production for the following levels of production: 160,000 units, 170,000 units and 175,000 units
During the year it distributed $21,000 to its beneficiaries. What deduction will ABC be able to take for the distribution
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The straight line method of amortization is used for both premiums & discounts. What is the net cash received over the life of the bond investment
anne inc. is considering the purchase of a machine that would cost 200000 and would last for 8 years. at the end of 8
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company reported net income of 500000 in 2011. during 2011 company reported a loss of 50000 from a peripheral activity.
Evaluate whether the audit procedures performed by the former auditor, Liling, at the interim stage of the audit are sufficient
What one time payment should he make on his 40th birthday to pay off this pension plan, if the interest rate is 8% compounded quarterly.
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