Capital asset

the accounting for Intangible assets are laid out in APB 17. According to APB 17, Paragraph 9, a company should record costs of intangible assets acquired from others, including goodwill, as an asset. All costs incurred to develop intangible assets that are not specifically identifiable should be recorded as expenses. Where an intangible asset has been recorded, its cost should be amortized by systematic charges to income over the estimated period of benefit of the asset. The amortization period…

The NHL Commissioner Gary Bettman, and the board of governors opened the formal expansion process, and began accepting applications in July, 2015. The NHL has been reviewing applications, and Lax Vegas has emerged as the top candidate for expansion, in part due to favorable resident income, and localized demographics. NHL interest is high for expansion in the city especially due to fact it is one the largest U.S. metropolitan areas without a professional sports team. If the NHL was able to break…

Project One 8) The variables that were given to me include specific foundation brands (Maybelline, Covergirl, Bare Minerals, etc.,) and the cost of each individual foundation. The qualitative variable in this set was the foundation brand, since they are an attribute rather than a number. The quantitative variable was the cost of each individual foundation, since that variable is a number doing a number's job. 9) The level of measurement for the quantitative variable is ratio. Since the…

liquid the company is, the more cash it has to finance its operations. By analyzing the financial reports and looking at the liquidity of the company we can determine if the company can meet its short-term commitments by liquidating the short-term assets, which is really important to creditors and investors. One of the first ratios used to determine and analyze Wendy’s liquidity and compare it against Sonic Drive-In is the current ratio. A general rule of thumb is that as long as the current…

Is Frontier A Buy After The Big Selloff? Frontier Communication (NYSE:FTR) share price extended its volatility into this year, declining nearly 39% since the start of this year, extending the three-year selloff to more than 62%. Investors always love to buy underestimated stocks to create a value. In the case of FTR, the company’s share price has been declining amid poor past performances and bleak future fundamentals. Therefore, it’s important to look at the key financial metrics of this…

From charts and financial report above show that revenues increased by each year from $450,000,000 to $29,150,000 in the past five years; total employees grew from 54 people in 2011 to 175 in 2014; and the highest productivity (revenue/employee) was $1,083,333 in 2012. By calculation, Revenue Growth Rate in one year was 206.1% and 90.6% of 3 year average. Employee Growth Rate was 56.3% in one year and 3 year average was 48%. (Privco, 2016) Strengths YETI has existed distribution and sales…

Arbor's Oklahoma City Office Originates Nearly $30 Million in Loans Arbor Commercial Mortgage, LLC (“Arbor”), national direct commercial real estate lender, announced in November that it funded six loans totalling nearly $30 million. Under the Fannie Mae DUS Small Loan, Freddie Mac Small Balance Loan, and FHA 223(f) programs, the mortgage company was able to secure the funding across multiple cities in Michigan -- with Vice President Mike Jehle of Arbor’s Oklahoma City office originating the…

UNCOLLECTIBLE RECEIVABLES I am a proprietor of a firm called Digits-R-Us. The products and services we sell are Information Technology Solutions, creating customized digital solutions for firms and individuals, the way they want them, when they want them. As proprietor for Digits-R-Us, I would definitely extend credit to cutomers! The reason is simple, since our company will be in the B2B and the norm of transactions in this line of business is usually sales on credit. It is also more likely…

Transfer of Receivable with recourse Question: “Search accounting standards to determine when the sale with recourse must be shown on the balance sheet as liability and when it can be considered as a true sale and no liability need be shown.” Answer: Accounting standards to determine when the sale of receivables with recourse must be shown on the balance sheet as a liability or as a true sale actually is based on ASC 860. ASC 860 established the procedures used to determine whether the sale of…

Mr. Ray, As requested, I have attached list of “end-of-year actions” we can possibly take to improve our annual earnings growth to this memo. We have many options available to us, but we need to tread carefully as some of those options might put us into very difficult position. Without further due, our options include the following: a. Deferring December’s routine monthly maintenance on packaging equipment by an independent contractor until January of next year.…