What is the acquisition cost of the franchise

Assignment Help Accounting Basics
Reference no: EM132947866

Question - At the beginning of current year, Brown Company signed an agreement to operate as a franchise of Black Company for an initial franchise fee of P10,000,000. Brown Company paid P4,000,000 down and agreed to pay the balance in three equal annual payments of 2,000,000 at the end of each year. Brown Company can borrow at 10% for a loan of this type. What is the acquisition cost of the franchise?

Reference no: EM132947866

Questions Cloud

How think data integration is important : Explain how you think data integration is important. Do you see it as a critical element in data analytics? Provide an example to support your thoughts.
What is the treatment for itching in hospitalized patients : What is the best treatment for itching (pruritus) in hospitalized patients? Comparison of two or more topical agents for effectiveness
How can average nurses be involved in the political process : How can average nurses be involved in the political process? Engaging in a political process enables a nurse leader to influence others in order to achieve
Wwhat have learned during course using ebp to guide : Wwhat you have learned during this course using EBP to guide health technology, community resources, screening, outreach, referral and follow up to improve?
What is the acquisition cost of the franchise : Brown Company can borrow at 10% for a loan of this type. What is the acquisition cost of the franchise
How has the spread of the disease changed over time : How has the spread of the disease changed over time? What commonalities do you see between countries with high rates of the disease?
What governmental could enhance patient engagement : What governmental, institutional, or private sector policies could enhance patient engagement and activation? Support your answer using research.
What amount of gain on restructuring of debt be reported : An unamortized premium of P15,000 for the P1,000,000 bonds is outstanding. What amount of gain on restructuring of debt should be reported by Willick in 2020
Explain name two potential barriers that prevent ebp change : Explain Name two potential barriers that may prevent your EBP change proposal from continuing to obtain the same desired results 6 months to a year from now

Reviews

Write a Review

Accounting Basics Questions & Answers

  Prepare journal entries to summarize history of building

Prepare the journal entries to summarize the history of the building as it would be reported in the city's government-wide statements

  Compute the amount of gross profit to be recognized in 2010

(a) Assuming that the percentage-of-completion method is used, (1) compute the amount of gross profit to be recognized in 2010 and 2011, and (2) prepare journal entries for 2011.

  How much was net income for the year

Beginning stockholders' equity was $120,000. Ending stockholders' equity was $195,000. How much was net income for the year

  Report to the chairperson of the financial reporting council

Write a report to the chairpersons of the Financial Reporting Council - required to answer questions in an essay format

  Suggest an attractive tax plan to carry out

Suggest an attractive tax plan to carry out what the parties want. Write a letter (addressed to Emerald Corporation at PO Box 940, Rochester, NY 14692)

  Compute the amount of revenues to be reported for the year

The remainder of the receivables is collected by year end. Compute the amount of revenues to be reported for the year for each case

  Compute the percentage of allowance for doubtful accounts

Compute the percentage of the allowance for doubtful accounts to the accounts and notes receivable as of December 31, 2009, for The MGM Mirage

  Create the general journal entry for september

Create the General Journal entry (without explanation) for September 1. On January 2, 2016, Alpha Corporation issued 15,000 shares of $10 par value common stock

  Calculate the withholding taxes and the gross amount

Calculate the withholding taxes and the gross amount of the bonus to be made to John Rolen if his cumulative earnings for the year are $46,910. Besides being subject to social security taxes and federal income tax (supplemental rate), a 7% California..

  Joan is a self-employed -attorney in new york city joan

1. steinar loaned a friend 9500 to buy some stock 3 years ago. in the current year the debt became worthless. f. how

  Discuss the major provisions of the fair labor standards act

Explain what OSHA is, purpose and what responsibilities there are under the law. Additionally, explain how can be violated, and the penalties for any violation.

  What is the normal balance of the selected account

The normal balance of an account can be either a debit or a credit depending on whether increases in the account are recorded as debits or credits.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd