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Question - On June1, 2020 Camellia Grey opened up Lady Grey Tea Co (LGTC) and signed a five-year franchise agreement for the exclusive rights to sell Boba Milk Tea products in Montreal, Quebec. The agreement stipulates that LGTC will pay the franchisor $30,000 upon signing the agreement and an ongoing royalty of 6% of monthly sales payable on the 20th of each following month. Camellia started operating the new franchise immediately after signing the agreement. LGTC sales for the first two months were $20,000, and $30,000. Camellia amortizes the franchise agreement monthly on a straight-line basis.
Required - Prepare journal entries related to franchise fees during the first two months of operation.
What is the amount of change in net income for the current year that will result from the discontinuance of Black
If this dividend was expected to grow at a 12 percent forever, what is the firm expected or required rate on equity using a dividend discount model approach?
Account Y has an annual percentage rate of 12.20 percent with interest compounded continuously. Which account provides the highest effective annual return?
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Load the Excel spread sheet, and use it to plot amortization tables for interest only, negative amortization, and positive amortization conditions. Extend the spread sheet to use difference equations for an R-C low pass filter. Write the correct diff..
At the end of the Berry's first year, total contributed capital amounted to? Issued 5,000 ordinary shares in exchange for a patent valued at P 100,000
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Joel is in a 35?% tax bracket. He would pay ?$875 in taxes if he held the stock for less than a year. How much would Joel save in taxes
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