In order to be allowed to engage in activities to promote and enhance the sale of an alcoholic beverage on behalf of a brewer or
2 answers:
<u>In order to engage in activities to promote and enhance the sale of an alcoholic beverage on behalf of a brewer or winery, a person must obtain a .</u>
Further Explanation:
According to section 50 of the Alcoholic Beverage Code, the person who is having a promotional permit may, on account of a manufacturer, brewer, wine bottler, distiller, winery, or rectifier with whom he has contracted to engage in activities to enhance and promote the alcoholic beverage sale in the state can do so.
The person is charged an annual state fee of $300 for the issuance of the permit. The local fee may or may not be required to be paid for the issuance of the promotional permit. The promotional permit holder does not require to belong to or a resident in the state.
The person who is holding a promotional permit should not indirectly or directly hold any interest, a part from a contract that has been entered to enhance and promote the alcoholic beverages sale.
Learn more:
1. Learn more about the ownership of beverages in the clubs
2. Learn more about the legal liability of the business
3. Learn more about the types of association
Answer details:
Grade: High School
Subject: Business Studies
Chapter: Business Law
Keywords: to engage in activities, to promote and enhance, the sale of an alcoholic beverage, on behalf of a brewer or winery, a person,promotional permit.
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Answer:
amount that should be reported for patent amortization expense for 2018 will be $90000.27
Explanation:
given data
purchased patent = $405,000
useful life = 10 years
spent = $99,000
remaining useful life = 5 years
solution
first we get here amortization from September 1, 2016 - January 1, 2018 that is
September 1 - december 31 = = 0.333333
amortization = (1 + 0.333333) × (405000 ÷ 10)
amortization = $53998.65
and
now we get remaining value before defence
remaining value = $405,000 - $53998.65
remaining value = $351001.35
and
now we get here amount to be reported for patent amortization expense for 2018
amount = ( $351001.35 + $99,000 ) ÷ 5
amount = $90000.27
so amount that should be reported for patent amortization expense for 2018 will be $90000.27