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Alexxx [7]
3 years ago
10

The Fremont (Ireland) Flyers were a semi-professional carriage racing team that competed up until the early 1930's. Mary Smith o

wns the Fremont Fliers' trademark, and recently licensed it to the Fremont (California) Flyers roller derby team. The license allows the roller derby team to use the trademark for five years for a total of $15,000. Under U.S. GAAP, how much revenue would Mary recognize in year 1 of the license?
a. $0
b. $1,500
c. $3,000
d, $15,000
Business
1 answer:
hoa [83]3 years ago
3 0
Trademark for five years would be on answer a.
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A business brand earns a customer's trust gradually with time, by consistency and honesty on the part of the business brand. This customer trust can easily be lost, if the business brand is engaged in even a little scandal or reckless act.

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Which method is the most efficient method to use to solve x^2+6x-7=0?
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5 0
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Paris operates a talent agency as a sole proprietorship,and this year she incurred the following expenses in operating her talen
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Answer:

A) $450.

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In the case of the deduction with respect to the meal cost and entertainment. Only the half of the expense would be deducted i.e. for the business meeting

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6 0
3 years ago
Your parents put $300 into an account paying 11 percent interest for you when you were ten. Ten years later they tell you that y
Flauer [41]

Answer:

The balance in the account = $851.8

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The future value of a lump sum is the amount expected at a future date when a sum of money is invested today at a particular rate of interest for certain number of years

.

This implies compounding the initial amount invested ($300) at the given interest rate(11%) for 10 years.This will be done as follows:

<em />

FV = PV × (1+r)^(n)

FV-Future value

r- rate of return per period

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DATA

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PV - 300

n- 10

FV= 300 × 1.11^10 = 851.83

The balance in the account = $851.8

3 0
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