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FrozenT [24]
3 years ago
9

On january 2, fafnir co. purchased a franchise with a finite useful life of 10 years for $50,000. an additional franchise fee of

3% of franchise operation revenues must be paid each year to the franchisor. revenues from franchise operations amounted to $400,000 during the year, and the pattern of consumption of benefits of the franchise is not reliably determinable. in its december 31 balance sheet, what amount should fafnir report as an intangible asset-franchise?
Business
1 answer:
skelet666 [1.2K]3 years ago
7 0

The amount should Fafnir report as intangible asset - franchise is -

Purchase value of Franchise = $ 50,000

Life of Franchise = 10 years

Salvage value = $ 0 ( not given)

Since, no other methods of amortization are specifically mentioned, straight line method will be used.

Book value of Franchise = Purchase price - Amortization expenses

Book value of Franchise = $ 50,000 - [ ( $ 50,000 - $ 0) / 10 Years ]

Straight-line depreciation = ( Purchase price - Salvage value) / Number of years

Book value of Franchise = $ 50,000 - $ 5,000 = $ 45,000

The amount should Fafnir report as intangible asset - franchise is = $ 45,000

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3 years ago
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B. price ceiling.  

A government policy that sets the highest price that can be charged for a good or service is a price ceiling.

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3 years ago
Which of the following activities are typically included in a project kick-off meeting? ​
ASHA 777 [7]

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b. The project manager outlines the project goals

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The purpose behind such a meeting is to familiarize the project team, make them better understand the project and it's requirements and agreeing upon a plan of work together to accomplish the task.

Following steps would be noteworthy for conducting an effective project kick off meeting:

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Ge is disrupting itself by using reverse innovation to create low-cost health care diagnostic products in emerging markets. all
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ge is utilizing reverse innovation in order to protect itself from rivals.

<h3>What is  reverse innovation?</h3>

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The approach of innovating in emerging (or developing) markets and then distributing/marketing these inventions in mature ones is known as reverse innovation. Many businesses are creating items in rising markets such as China and India and then distributing them abroad.

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Mamont248 [21]

Answer:

A. The nature and character of the actions the company is taking to improve the performance of its value chain activities

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Therefore, all the alternatives in the question above are adequate to the organizational culture, except for the letter A, which corresponds to the nature and character of the actions that the company is taking to improve the performance of its value chain activities, since the management of the supply chain A company's value will improve the way the processes in the organization are carried out to generate value for the customer.

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