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Problem 1: Guardians Fund Managers Company sells two licenses to XYZ Company on September 1, 20x6. First in exchange for P400,000, the company provides XYZ with a copy of its proprietary investment management software, which the company does not anticipate updating and which XYZ can permanently use. Second, in exchange for P360,000, the company provides XYZ with a three-year right to market the company's financial advisory services under the name of Guardians, which the company advertises on an ongoing basis. How much revenue will the company recognize in 20x6 under this arrangement?
In 2010, Bailey Corporation discovered that equipment purchased on January 1, 2008, for $50,000 was expensed at that time. The equipment should have been depreciated over 5 years, with no salvage value. The effective tax rate is 30%. Prepare Bail..
Corporation makes a product whose direct labor standards are 0.8 hours per unit and $28 per hour. In April the company produced 7,350 units using 5,380 direct labor-hours. The actual direct labor cost was $112,980. The labor efficiency variance for A..
If you require a return of 15 ?percent, should you purchase the? stock? What is your expected rate of? return? Alyward? & Bram common stock currently sell
Assuming that the price per carton is $16.80, find the highest level of fixed costs you could afford each year and still break even.
What would be the amount of product sales revenue recorded on Jan 1, 2020? Sold and delivered product to customer. Customer to pay $3000 in three years interest
If there is another round of unexpected drastic fall in the current commodity prices, what will happen to the company's current borrowings.
Turn to the balance and focus on the difference between accumulated depreciation at the start and at the end of the year. Where can I go to get depreciation expense information to help complete my restatement activities? Turn to the balance and focus..
What does diversify means in finance? What are ways in which people diversify? How does it benefit on organization? Why do organizations diversify?
Calculate Dellars Ltd's net cash flow from operating activities for the company's Cash Flow Statement for the year ended 30 Sept 2016 using direct method
Record the appropriate journal entries for the warranties. Rotary Tools sells power tools and backs each product sells with a one-year warranty against defects.
Calculate the payment Rob needs to make at the end of each year at 6% compounded annually to reach his goal of paying off $300,000 in 20 years
Quarterly allotments for the appropriation to the State Library System for the fiscal year beginning July 1, 201X and ending on June 30, 201Y were as follows: Determine the amount of the supplemental appropriation, if any, which must be requested in ..
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