Gershwin plc obtained a franchise from Sonic Hedgehog Inc. for a cash payment of 120,000 on April
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 63% (11 reviews)
Franchise 120000 Cash 120000 Franchise Amort...View the full answer
Answered By
Asim farooq
I have done MS finance and expertise in the field of Accounting, finance, cost accounting, security analysis and portfolio management and management, MS office is at my fingertips, I want my client to take advantage of my practical knowledge. I have been mentoring my client on a freelancer website from last two years, Currently I am working in Telecom company as a financial analyst and before that working as an accountant with Pepsi for one year. I also join a nonprofit organization as a finance assistant to my job duties are making payment to client after tax calculation, I have started my professional career from teaching I was teaching to a master's level student for two years in the evening.
My Expert Service
Financial accounting, Financial management, Cost accounting, Human resource management, Business communication and report writing. Financial accounting : • Journal entries • Financial statements including balance sheet, Profit & Loss account, Cash flow statement • Adjustment entries • Ratio analysis • Accounting concepts • Single entry accounting • Double entry accounting • Bills of exchange • Bank reconciliation statements Cost accounting : • Budgeting • Job order costing • Process costing • Cost of goods sold Financial management : • Capital budgeting • Net Present Value (NPV) • Internal Rate of Return (IRR) • Payback period • Discounted cash flows • Financial analysis • Capital assets pricing model • Simple interest, Compound interest & annuities
4.40+
65+ Reviews
86+ Question Solved
Related Book For
Intermediate Accounting IFRS
ISBN: 978-1119372936
3rd edition
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
Question Posted:
Students also viewed these Managerial Accounting questions
-
Gershwin Corporation obtained a franchise from Sonic Hedgehog Inc. for a cash payment of $120,000 on April 1, 2010. The franchise grants Gershwin the right to sell certain products and services for a...
-
Gershwin Corporation obtained a franchise from Sonic Hedgehog Inc. for a cash payment of $120,000 on April 1, 2012. The franchise grants Gershwin the right to sell certain products and services for a...
-
Knuckles Corporation obtained a franchise from Sonic Hedgehog Inc. for a cash payment of $100,000 on April 1, 2008. The franchise grants Knuckles the right to sell certain products and services for a...
-
Use the Ratio Test to determine if each series converges absolutely or diverges. 8 n=1 nt (-4)"
-
A quarter-circular rod of weight W and uniform cross section is supported as shown. Determine the bending moment at point J when = 30 o . r- B
-
Examine the Employees table. Note that the data in the Title field contains redundant values and therefore is a candidate for a one-field lookup table. Use your Access Query Design View or SQL skills...
-
Under what circumstances should an American call option on a stock paying no dividends be exercised early?
-
Fairfield Manufacturing incurred the following costs during 2011 to produce its high-quality precision instruments. The company used an activity-based costing system and identified the following...
-
1. Determine the length of x to one decimal place. b) 3.1 x 28 4.5 Determine the length of x to one decimal place. 2. a) 5.4 b) 57 3. Solve for 40 to the nearest degree. 13 b) 7.1 4.2 39 4.3
-
Consider the following simple offshoring model of the type described in Section 11.2. The United States and Mexico both produce radios, using skilled and unskilled labor. Each radio requires three...
-
Larry Lyon SA spent 68,000 in attorney fees while developing the trade name of its new product, the Mean Bean Machine. Prepare the journal entries to record the 68,000 expenditure and the first...
-
On September 1, 2019, Winans Ltd. acquired Aumont Enterprises for a cash payment of 700,000. At the time of purchase, Aumont's statement of financial position showed assets of 620,000, liabilities of...
-
Show that |eix - 1| |x| for all x ( R). Write eix = cosx + i sin x, express cosx in terms of sin2 x/2, and use the inequality | sin t | |t|, t ( R (which you also must prove).
-
9. 0) or yes Two people, A and B, are deciding whether to put effort into producing a public good or not. Each person, i, can either choose no effort ( S; = effort (S = 1). The total public good...
-
Why should a buyer be concerned with monitoring and managing supplier quality performance? Why is it important for a buyer to be a good customer? How can a buyer become a good customer to a supplier?...
-
Give a discussion on the following: Why is the current focus of the encryption debate on end-to-end encryption, meaning encrypted data securely transmitted from one user's device that can only be...
-
Solve the following differential equations: 1. (5x +12x +6y) dx + 6xydy = 0 2. (3xy + 2xy) dx + (2xy-x) dy=0 3. (y-1)dx-xdy = 0 4. (2yxe + y + y)dx + (yxe" - xy-2x)dy=0
-
Marco Rivas had been employed by the investment brokerage firm Big Bucks in New York for 20 years when he died on June 21, 2022. At that time, he was working under a yearly employment contract...
-
In the three-tiered database architecture, is it possible for there to be no database on a particular tier? If not, why? If yes, give an example.
-
Walker, Inc., is an all-equity firm. The cost of the company's equity is currently 11.4 percent and the risk-free.rate is 3.3 percent. The company is currently considering a project that will cost...
-
New Bay Corporation leases an automobile with a fair value of $21,500 from Simon Motors, Inc. on the following lease terms: 1. It is a non-cancellable term of 55 months. 2. The rental is $425 per...
-
Oakridge Leasing Corporation, which uses private enterprise GAAP, signs an agreement on January 1, 2011, to lease equipment to LeBlanc Limited. The following information relates to the agreement: 1....
-
On January 1, 2011, Morrison Corp. leased a building to Wisen Inc. Both companies use IFRS. The relevant information on the lease is as follows: 1. The lease arrangement is for 10 years. 2. The...
-
Melbourne, VIC . The auction property has been passed in and you are negotiating between vendor and the highest bidder but they remain apart with your vendor reluctant to reduce from their reserve,...
-
On January 1, 2018, Shark Company acquired equipment at a total cost of $66,000. The equipment had a useful life of 5 years with a residual value of $6,000. Shark Company used Double-declining...
-
Electric Car Maker Tesla makes 100,000 units of "2170 Cell" peryear in its Nevada based gigafactory for use in Model 3 Electriccar. Data concerning the unit production costs of the "2170 Cell"are as...
Study smarter with the SolutionInn App