A business that collects sales tax must pay the tax quarterly. True False

When Disney relied on licensing agreements with the Oriental Land Company to open its first foreign theme park, Tokyo Disneyland

Phantasy [73]

Answer:

Letter A is correct. Its licensing partner, the Oriental Land Company reaped the windfall, because the partner who bore the risk was also likely to be the biggest beneficiary from any upside gain.

Explanation:

When analyzing the other Disneylandia around the world, we can see a different case in Tokyo Disneylandia, which is the first in the world that does not belong entirely to Disney. Upon being opened under a license agreement in Tokyo, Disney receives only a royalty fee, and Oriental Land Company receives a substantially favorable profit from the existing value of the Disney brand in the world, and from its stable and well-structured operations model .

So in this license agreement, Disney controls the creative part of the business, and the Oriental Land Company operates the business, which means that there are profitable advantages for both companies.

4 0

3 years ago

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On January 1, 2021, the Taylor Company adopted the dollar-value LIFO method. The inventory value for its one inventory pool on t

tresset_1 [31]

Answer and Explanation:

The computation of the ending inventory for the year 2021, 2022 and 2023 is shown in the attachment below

It is to be divided into two parts

1. Inventory converted to the base year in which the base year is considered by taking the cost index

2. Inventory converted to cash in which the inventory converted to the base year, cost index is considered so that the inventory converted to cash could come plus the value of the inventory using the LIFO method also comes

3 0

3 years ago

Nami is very good at research, is skilled at developing instructional materials, and knows about libraries and

ivann1987 [24]

B. Professional Support Services

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3 years ago

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Venezuela Co. is building a new hockey arena at a cost of $2,500,000. It received a downpayment of $500,000 from local businesse

FromTheMoon [43]

Answer:

cash 2,011,446 debit

unamortized bond cost 50,000 debit

bonds payable 2,000,000 credit

premium on BP 61,446 credit

--to record issuance--

# Beg. Carrying //cash // expense //Amortization// End.Carrying Value

1 2,061,446 210,000 206144.57 3855.43 2,057,590

2 2,057,590 210,000 205759.02 -4240.98 2,053,349

3 2,053,349 210,000 205334.93 -4665.07 2,048,684

4 2,048,684 210,000 204868.42 -5131.58 2,043,553

5 2,043,553 210,000 204355.26 -5644.74 2,037,908

Bonds payable 1,000,000 debit

premium on BP 24,342 debit

issuance cost expense 25,000 debit

interest expense 51,217.1 debit

loss at redemption 41.959,9‬ debit

cash 1,117,500 credit

unarmortized bond issuance cost 25,000 credit

Explanation:

First, we solve the value collected which is the present value of the coupon payment and maturity

$C \times \frac{1-(1+r)^{-time} }{rate} = PV\\$

C 210,000.000

time 10

rate 0.1

$210000 \times \frac{1-(1+0.1)^{-10} }{0.1} = PV\\$

PV $1,290,359.0922

$\frac{Maturity}{(1 + rate)^{time} } = PV$

Maturity 2,000,000.00

time 10.00

rate 0.1

$\frac{2000000}{(1 + 0.1)^{10} } = PV$

PV 771,086.58

PV c $ 1,290,359.0922

PV m $ 771,086.5789

Total $ 2,061,445.6711

Now, we solve for the premium

2,061,446 - 2,000,000 = 61,446 premium

the interst expense will be calcualte as carrying value times market rate

the cash will be the same for every period thus 210,000

Finally, the difference will be the amortizationon the premium

If redem on July 1st 2016 we need to record the interst:

2,048,684 x .05 = 102.434,2/2 = 51.217,1

cash interest: 1,000,000 x 10.5% / 2 = 52,500

Total cash

52,500 interest

1,065,000 bonds

1,117,500

portion of unamortized cost 25,000

face value 1,000,000

portion of premium: 48,684/2 = 24.342‬

the loss f redemption will be the difference between the interest expense, amoritzation on premiun and write-off of the face value with the amount of cash outlay.

8 0

3 years ago

Baldwin Company had the following balances and transactions during 2019: Beginning Merchandise Inventory as of January 1, 2019

lakkis [162]

Answer:

Cost of Goods Sold on the income statement for the year ending December 31, 2019 is $ 24,010

Explanation:

First in First Out is an Inventory management system that is build on the idea of selling first the Inventory that came earlier or acquired first.

Perpetual Inventory System Records cost of sale of inventory with each sale

Sale of Inventory was made on March 10,2019 and October 30,2019. It is important to keep track of the cost of sale of inventory on these dates and then find the total which will be presented as cost of sales in the financial Statement

Cost of Goods Sold

March 10,2019 : 80 units × $82 6,560

October 30,2019 : 45 units × $ 82 3,690

160 units × $ 86 13,760

Total Cost of Goods Sold 24,010

4 0

3 years ago