Tag: purchased

Categories
Writers Solution

Restaurant’s long-range marketing plan, your company purchased property nationwide from the now-bankrupted “Sahara Desert Dish” franchise properties

The Scenario

As a part of the Restaurant’s long-range marketing plan, your company purchased property nationwide from the now-bankrupted “Sahara Desert Dish” franchise properties. Based on your Discussion and Strategic Plan results, your company agreed that it was time to launch its nationwide strategy rolling out  the company’s patented dessert brand, “Brain Freeze.”  Your company’s financial information indicates the company now has a healthy portfolio of investments, product revenue, and cash on hand.

The Restaurant’s dessert menu has produced an exceptional revenue stream.  These products can easily be marketed as a standalone venture. The company portfolio includes the Sahara Desert Dish property purchased in anticipation of this day. The properties are all in upscale locations that easily support the Restaurant’s thematic Desert menu.

 “Sally, ‘It’s now or, never’ you state, we need to start the implementation of our Franchise Division.”  Sally was taken aback by your use of her previous statement. Seeming a little concerned about the plan interfering with her entering the competition for the third Gold Star, you reassure her. “If Wolfgang Puck can open up gourmet pizza shops, that’s the only incentive we need to startup our Desert franchise operation.” Sally fires back, “You’re the one studying business law! Why did it take you so long to bring it up?” Sally continues, “Start working on the documents, and I’ll get started on creating the franchise operations menu and food handling processes.”

In your Discussion, you covered all of the eventualities companies face in expansion periods. Your companies initial investment in the purchase of bankrupt properties has placed the company in a growth position. The commercial paper securing the properties is almost paid off. Converting the properties into a new enterprise will reduce the carrying cost and increase the current revenue streams by a minimum of 20%. Franchise Licensing Fees and property leasing rentals will initially bump revenue by approximately 35%.

To start your review, first, research the requirements required to establish a legally recognized Franchise operation.  Using the Strategic Business Plan and the other resources you now have, complete the Franchise feasibility information and determine what steps are needed to enter this highly competitive area. Review the resources and respond to the Assignment.

Your Assignment

Assignment: Feasibility of Franchise Expansion:

This is a Blue Font exercise: Complete the document using a readable Blue Font.

In Assignment 9.3, you will collect data from your past assignments to develop your outline of franchise business information that you will need to complete the final project in Assignment 9.4. To fully understand the nature of a Franchise operation, review the SBA information, Forms 505, 506, and then complete the Questions in the Basic Franchise Document and the Chart in the Test for Feasibility Documents below.

Review Form 505 Drafting Guide, follow the research outlining the required steps and issues you would potentially encounter developing the required document between the Franchisor and Franchisee, the Franchise Agreement. Document 505 establishes various litigation, state, and federal statutory requirements. Review each category listed using the link and review material. You must review this material to comprehend the statutory and legal guidance required to edit and complete the Franchise Agreement in Assignment 9.4.

Review Form 506 list of issues and limits available for consideration in completing the Checklist questions/answers to revise and draft the agreement.  The questions in 506 are stated, for example, as the question below.

  • — Nature and extent of the rights granted to the Franchisees.
  • — Duration of franchise period.
  • — Exclusiveness of franchise.
  • — Authorized use of a trademark.

This question seeks the limits on three grants to the Franchisee, (1) Duration, (2) Exclusiveness, and (3) Authority. The question asks the Nature (Type) and the Extent (Range or scope) of the rights granted to your Franchisees. The Duration issue asks “what period” (how long) will Franchisee be granted to exercise authority over rights in the agreement, such as the number of years the Franchise will last, are the rights exclusive or non-exclusive (This could be a state or local geographic designation (i.e., State of Ohio, or two city block in the southwest of downtown), use of IP and extent of the right(s) granted.

This Assignment does not call for simply checking boxes on the form. The questions require research and business decisions for your company to establish franchise rights and limitations offered to Franchisees during their operation and ownership of a Franchise. Do not approach this assignment as a lawyer but as the owner of a Franchise. Determine your companies business interest, the profit you wish to achieve, and the rights you want to protect in your Franchise business. Your company’s business strategy will determine the right you grant to Franchisees. Franchises become an extension of your Franchise organization and must meet your company goals.

In the next step, answer the questions listed in the BASIC FRANCHISE AGREEMENT TERMS – CHECKLIST. Franchise agreements vary from state to state and sometimes franchise to franchise, so it’s impossible to identify every term and issue for consistency in all situations. Some terms require negotiating between the parties. Redraft the Franchise Agreement using the information you collected in Assignment 9.3 and the 9.4 Checklist. The Franchise Agreement lists the terms and conditions governing your franchise’s ownership and the Franchisee’s rights. This Assignment does not call for simply checking boxes. Provide thoughtful responses to the issues outlining how to operate the Franchise business. Clarify the Franchiees’ operation rights; redrafting the Rights and Limitations Clauses.

The “Test for Franchise Feasibility” Document must be completed using the parameters established in your review of the Franchise operation. Your ratings of the business readiness position required to establish a Franchise Operation will be based on the answers you develop for the Checklist Questions.

  • Assignments required to be uploaded:
    • The Checklist for The Basic Franchise Agreement
    • Test for Franchise Feasibility

GET SOLUTION FOR THIS ASSIGNMENT, Get Impressive Scores in Your Class

NO PLAGIARISM (100% Sure)

CLICK HERE TO MAKE YOUR ORDER  Restaurant’s long-range marketing plan, your company purchased property nationwide from the now-bankrupted “Sahara Desert Dish” franchise properties

TO BE RE-WRITTEN FROM THE SCRATCH

Categories
Writers Solution

Herco Company purchased 70% of the outstanding voting share of the Wing Company for $ 850,000 in cash

On January 1, 2015, the Herco Company purchased 70% of the outstanding voting share of the Wing Company for $ 850,000 in cash. On that date, the Wing Company had retained earnings of $ 400,000 and common shares of $ 500,000. On the acquisition date, the identifiable assets and liabilities of the Wing Company had fair values that were equal to their carrying values except for the building, which had a fair value 200,000 greater that its carrying value, and long term liabilities which had fair values that were $ 100,000 great than their carrying values. The building had a remaining useful life of ten years on January 1, 2015 and the long term liabilities mature on December 31, 2021. Both companies use the straight line method to calculate all depreciation and amortization. The trial balances of the Herco Company and Wing Company on December 31, 2019 are contained on the attached excel sheet.

Trial Balance                                                                                                                            Consolidation Adjustments December 31, 2019. 

                                                            Herco         Herco               Wing            Wing 

                                                            Debit          Credit               Debit           Credit                                  Debit                    Credit 

Assets

Cash                                                 50,000                                  10,000

Accounts receivable                     220,000                               100,000

Account receivable, Wing             80,0000

Inventories                                   2,700,000                               520,000

Equipment (net)                          6,150,000                              2,500,000

Buildings (net)                             2,600,000                                500,000

Investment in Bond                      250,000

Investment in Wing(cost)            850,000 

Liabilities and Equity 

Accounts payable                                              280,000                                   170,000

Account payable, Wing                                     20,0000

Long term liabilities                                        4,000,000                                   600,000

Bond payable                                                                                                        500,000

Common shares                                              3,000,000                                   500,000

Retained earnings, beginning of year           4,500,000                                1,600,000

Dividends declared and paid in year                200,000                                   20,000

Revene and Expenses

Sales revenue                                                    3,500,000                                 900,000

Other revenue                                                      300,000                                    30,000

Cost of goods sold                       2,000,000                            400,000

Depreciation expense                     300,000                            100,000

Other expenses                               200,000                            150,000

                                                  15,600,000  15,600,000 4,300,000  4,300,000Hide

GET SOLUTION FOR THIS ASSIGNMENT, Get Impressive Scores in Your Class

CLICK HERE TO MAKE YOUR ORDER

TO BE RE-WRITTEN FROM THE SCRATCH

GET SOLUTION FOR THIS ASSIGNMENT

CLICK HERE TO MAKE YOUR ORDER

TO BE RE-WRITTEN FROM THE SCRATCH

NO PLAGIARISM

  • Original and non-plagiarized custom papers- Our writers develop their writing from scratch unless you request them to rewrite, edit or proofread your paper.
  • Timely Delivery– primewritersbay.com believes in beating the deadlines that our customers have imposed because we understand how important it is.
  • Customer satisfaction- Customer satisfaction. We have an outstanding customer care team that is always ready and willing to listen to you, collect your instructions and make sure that your custom writing needs are satisfied
  • Confidential- It’s secure to place an order at primewritersbay.com We won’t reveal your private information to anyone else.
  • Writing services provided by experts- Looking for expert essay writers, thesis and dissertation writers, personal statement writers, or writers to provide any other kind of custom writing service?
  • Enjoy Please Note-You have come to the most reliable academic writing site that will sort all assignments that that you could be having. We write essays, research papers, term papers, research proposals. Herco Company purchased 70% of the outstanding voting share of the Wing Company for $ 850,000 in cash

Get Professionally Written Papers From The Writing Experts 

Green Order Now Button PNG Image | Transparent PNG Free Download on SeekPNG Our Zero Plagiarism Policy | New Essays
Categories
Writers Solution

You act for Mrs. Wisdom who recently purchased a boutique from Mr. Hugh

You act for Mrs. Wisdom who recently purchased a boutique from Mr. Hughs. The boutique is located in Yoora Hills and has known for its beautiful setup. The Parties have signed the contract for sale and the contract specified that all “clothing and whatsoever inside the boutique” are included but these were not specified in detail. Your client informs you that during the course of negotiations prior to the execution of the contract, Mr. Hugh’s representative one Mr. Phillip had informed her that all 4 air conditioners in the boutique are included in the contract. On the day Mrs. Wisdom took possession of the boutique, took the keys she discovered that all 4 air conditioners were not in the boutique. Your client is furious and wants compensation for the air conditioners and the stress this situation has caused her. (UK law syllabus)

  1. You are to advise your client on the modes they could take to resolve this issue (mediation, negotiation, or litigation)
  2. does this count as a breach of contract? as in my opinion, Mr. Phillip’s mentioning of the air conditioners could merely be a confirmation of what was included inside the boutique.
  3. is there any specific topic I need to research regarding this case?

GET SOLUTION FOR THIS ASSIGNMENT

CLICK HERE TO MAKE YOUR ORDER

TO BE RE-WRITTEN FROM THE SCRATCH

NO PLAGIARISM

  • Original and non-plagiarized custom papers- Our writers develop their writing from scratch unless you request them to rewrite, edit or proofread your paper.
  • Timely Delivery– capitalessaywriting.com believes in beating the deadlines that our customers have imposed because we understand how important it is.
  • Customer satisfaction- Customer satisfaction. We have an outstanding customer care team that is always ready and willing to listen to you, collect your instructions and make sure that your custom writing needs are satisfied
  • Confidential- It’s secure to place an order at capitalessaywriting.com We won’t reveal your private information to anyone else.
  • Writing services provided by experts- Looking for expert essay writers, thesis and dissertation writers, personal statement writers, or writers to provide any other kind of custom writing service?
  • Enjoy Please Note-You have come to the most reliable academic writing site that will sort all assignments that that you could be having. We write essays, research papers, term papers, research proposals. You act for Mrs. Wisdom who recently purchased a boutique from Mr. Hugh

Get Professionally Written Papers From The Writing Experts 

Green Order Now Button PNG Image | Transparent PNG Free Download on SeekPNG Our Zero Plagiarism Policy | New Essays
Categories
Writers Solution

Kitchen Co., purchased as a long-term investment $80 million of 8% bonds, dated January 1, on January 1, 2021.

1. xPlease complete the following assignments IN EXCEL (show each assignment on a different tab):

Problem 1:

1)     Kitchen Co., purchased as a long-term investment $80 million of 8% bonds, dated January 1, on January 1, 2021. Management has the positive intent and ability to hold the bonds until maturity. For bonds of similar risk and maturity the market yield was 10%. The price paid for the bonds was $66 million. Interest is received semiannually on June 30 and December 31.

Required:

Prepare the journal entry to record bb  Best investment on January 1, 2017.

2.The Balloon, Inc. Company issued 10% bonds, dated January 1, with a face amount of $80 million on January 1, 2021. The bonds mature on December 31, 2030 (10 years). For bonds of similar risk and maturity, the market yield is 12%. Interest is paid semiannually on June 30 and December 31.(FV of $1 (Links to an external site.), PV of $1 (Links to an external site.), FVA of $1 (Links to an external site.), PVA of $1 (Links to an external site.), FVAD of $1 (Links to an external site.) and PVAD of $1 (Links to an external site.))

Required:

a. Determine the price of the bonds at January 1, 2021.

b. Prepare the journal entry to record their issuance by CPA, Inc. (the bond) issuer on January 1, 2021, interest on June 30, 2021 and interest on December 31, 2021 (at the effective rate). 

c. Prepare amortization table IN EXCEL

3.Please complete the following problems (in excel) – one assignment per tab:

Problem 1:

The following is a news item reported by Reuters: 

WASHINGTON, Jan 29 (Reuters)—Blue Group, a maker of reconstructive implants for knees and hips, on Tuesday filed to sell 3 million shares of common stock.

      In a filing with the U.S. Securities and Exchange Commission, it said it plans to use the proceeds from the offering for general corporate purposes, working capital, research and development, and acquisitions.

      After the sale there will be about 31.5 million shares outstanding in the Arlington, Tennessee-based company, according to the SEC filing.

      Blue’s shares closed at $17.15 on Nasdaq.

The common stock of Blue Group has a par of $.01 per share. Required:

Prepare the journal entry to record the sale of the shares assuming the price existing when the announcement was made and ignoring share issue costs.

Problem 2 

During its first year of operations, Western Data Links Corporation entered into the following transactions relating to shareholders’ equity. The articles of incorporation authorized the issue of 8 million common shares, $1 par per share, and 1 million preferred shares, $50 par per share.

Feb. 12 Sold 2 million common shares, for $9 per share.13 Issued 40,000 common shares to attorneys in exchange for legal services.13 Sold 80,000 of its common shares and 4,000 preferred shares for a total of $945,000.Nov. 15 

Issued 380,000 of its common shares in exchange for equipment for which the cash price was known to be $3,688,000.

Note: FMV of the common stock is $9 per share

Required:

Prepare the appropriate journal entries to record each transaction.

Problem 3

In 2016, Borland Semiconductors entered into the transactions described below. In 2013, Borland had issued 170 million shares of its $1 par common stock at $34 per share.

Required:

Assuming that Borland retires shares it reacquires, record the appropriate journal entry for each of the following transactions: (If no entry is required for a transaction/event, select “No journal entry required” in the first account field. Enter your answers in millions (i.e., 10,000,000 should be entered as 10).)

 1.On January 2, 2016, Borland reacquired 10 million shares at $32.50 per share.2.On March 3, 2016, Borland reacquired 10 million shares at $36 per share.3.On August 13, 2016, Borland sold 1 million shares at $42 per share.4.

On December 15, 2016, Borland sold 2 million shares at $36 per share.

Problem 4

In 2016, Western Transport Company entered into the treasury stock transactions described below. In 2014, Western Transport had issued 140 million shares of its $1 par common stock at $17 per share.

Required:

Prepare the appropriate journal entry for each of the following transactions: (If no entry is required for a transaction/event, select “No journal entry required” in the first account field. Enter your answers in millions (i.e., 10,000,000 should be entered as 10).)

1.On January 23, 2016, Western Transport reacquired 10 million shares at $20 per share.2.On September 3, 2016, Western Transport sold 1 million treasury shares at $21 per share.3.On November 4, 2016, Western Transport sold 1 million treasury shares at $18 per share.

  • GET SOLUTION FOR THIS ASSIGNMENT

    CLICK HERE TO MAKE YOUR ORDER

    TO BE RE-WRITTEN FROM THE SCRATCH

    NO PLAGIARISM

    • Original and non-plagiarized custom papers. Our writers develop their writing from scratch unless you request them to rewrite, edit or proofread your paper.
    • Timely Delivery. capitalessaywriting.com believes in beating the deadlines that our customers have imposed because we understand how important it is.
    • Customer satisfaction. Customer satisfaction. We have an outstanding customer care team that is always ready and willing to listen to you, collect your instructions and make sure that your custom writing needs are satisfied
    • Privacy and safety. It’s secure to place an order at capitalessaywriting.com We won’t reveal your private information to anyone else.
    • Writing services provided by experts. Looking for expert essay writers, thesis and dissertation writers, personal statement writers, or writers to provide any other kind of custom writing service?
    • Enjoy our bonus services. You can make a free inquiry before placing and your order and paying this way, you know just how much you will pay. Kitchen Co., purchased as a long-term investment $80 million of 8% bonds, dated January 1, on January 1, 2021.
    • Premium papers. We provide the highest quality papers in the writing industry. Our company only employs specialized professional writers who take pride in satisfying the needs of our huge client base by offering them premium writing services.

    Get Professionally Written Papers From The Writing Experts 

    Green Order Now Button PNG Image | Transparent PNG Free Download on SeekPNG Our Zero Plagiarism Policy | New Essays
Categories
Writers Solution

Kitchen Co., purchased as a long-term investment $80 million of 8% bonds,

1. xPlease complete the following assignments IN EXCEL (show each assignment on a different tab):

Problem 1:

1)     Kitchen Co., purchased as a long-term investment $80 million of 8% bonds, dated January 1, on January 1, 2021. Management has the positive intent and ability to hold the bonds until maturity. For bonds of similar risk and maturity the market yield was 10%. The price paid for the bonds was $66 million. Interest is received semiannually on June 30 and December 31.

Required:

Prepare the journal entry to record bb  Best investment on January 1, 2017.

2.The Balloon, Inc. Company issued 10% bonds, dated January 1, with a face amount of $80 million on January 1, 2021. The bonds mature on December 31, 2030 (10 years). For bonds of similar risk and maturity, the market yield is 12%. Interest is paid semiannually on June 30 and December 31.(FV of $1 (Links to an external site.), PV of $1 (Links to an external site.), FVA of $1 (Links to an external site.), PVA of $1 (Links to an external site.), FVAD of $1 (Links to an external site.) and PVAD of $1 (Links to an external site.))

Required:

a. Determine the price of the bonds at January 1, 2021.

b. Prepare the journal entry to record their issuance by CPA, Inc. (the bond) issuer on January 1, 2021, interest on June 30, 2021 and interest on December 31, 2021 (at the effective rate). 

c. Prepare amortization table IN EXCEL

3.Please complete the following problems (in excel) – one assignment per tab:

Problem 1:

The following is a news item reported by Reuters: 

WASHINGTON, Jan 29 (Reuters)—Blue Group, a maker of reconstructive implants for knees and hips, on Tuesday filed to sell 3 million shares of common stock.

      In a filing with the U.S. Securities and Exchange Commission, it said it plans to use the proceeds from the offering for general corporate purposes, working capital, research and development, and acquisitions.

      After the sale there will be about 31.5 million shares outstanding in the Arlington, Tennessee-based company, according to the SEC filing.

      Blue’s shares closed at $17.15 on Nasdaq.

The common stock of Blue Group has a par of $.01 per share. Required:

Prepare the journal entry to record the sale of the shares assuming the price existing when the announcement was made and ignoring share issue costs.

Problem 2 

During its first year of operations, Western Data Links Corporation entered into the following transactions relating to shareholders’ equity. The articles of incorporation authorized the issue of 8 million common shares, $1 par per share, and 1 million preferred shares, $50 par per share.

Feb. 12 Sold 2 million common shares, for $9 per share.13 Issued 40,000 common shares to attorneys in exchange for legal services.13 Sold 80,000 of its common shares and 4,000 preferred shares for a total of $945,000.Nov. 15 

Issued 380,000 of its common shares in exchange for equipment for which the cash price was known to be $3,688,000.

Note: FMV of the common stock is $9 per share

Required:

Prepare the appropriate journal entries to record each transaction.

Problem 3

In 2016, Borland Semiconductors entered into the transactions described below. In 2013, Borland had issued 170 million shares of its $1 par common stock at $34 per share.

Required:

Assuming that Borland retires shares it reacquires, record the appropriate journal entry for each of the following transactions: (If no entry is required for a transaction/event, select “No journal entry required” in the first account field. Enter your answers in millions (i.e., 10,000,000 should be entered as 10).)

 1.On January 2, 2016, Borland reacquired 10 million shares at $32.50 per share.2.On March 3, 2016, Borland reacquired 10 million shares at $36 per share.3.On August 13, 2016, Borland sold 1 million shares at $42 per share.4.

On December 15, 2016, Borland sold 2 million shares at $36 per share.

Problem 4

In 2016, Western Transport Company entered into the treasury stock transactions described below. In 2014, Western Transport had issued 140 million shares of its $1 par common stock at $17 per share.

Required:

Prepare the appropriate journal entry for each of the following transactions: (If no entry is required for a transaction/event, select “No journal entry required” in the first account field. Enter your answers in millions (i.e., 10,000,000 should be entered as 10).)

1.On January 23, 2016, Western Transport reacquired 10 million shares at $20 per share.2.On September 3, 2016, Western Transport sold 1 million treasury shares at $21 per share.3.On November 4, 2016, Western Transport sold 1 million treasury shares at $18 per share.

  • GET SOLUTION FOR THIS ASSIGNMENT

    CLICK HERE TO MAKE YOUR ORDER

    TO BE RE-WRITTEN FROM THE SCRATCH

    NO PLAGIARISM

    • Original and non-plagiarized custom papers. Our writers develop their writing from scratch unless you request them to rewrite, edit or proofread your paper.
    • Timely Delivery. capitalessaywriting.com believes in beating the deadlines that our customers have imposed because we understand how important it is.
    • Customer satisfaction. Customer satisfaction. We have an outstanding customer care team that is always ready and willing to listen to you, collect your instructions and make sure that your custom writing needs are satisfied
    • Privacy and safety. It’s secure to place an order at capitalessaywriting.com We won’t reveal your private information to anyone else.
    • Writing services provided by experts. Looking for expert essay writers, thesis and dissertation writers, personal statement writers, or writers to provide any other kind of custom writing service?
    • Enjoy our bonus services. You can make a free inquiry before placing and your order and paying this way, you know just how much you will pay. Kitchen Co., purchased as a long-term investment $80 million of 8% bonds
    • Premium papers. We provide the highest quality papers in the writing industry. Our company only employs specialized professional writers who take pride in satisfying the needs of our huge client base by offering them premium writing services.

    Get Professionally Written Papers From The Writing Experts 

    Green Order Now Button PNG Image | Transparent PNG Free Download on SeekPNG Our Zero Plagiarism Policy | New Essays
Categories
Writers Solution

The inventory was purchased by Stoneman Corporation.

Stoneman Corporation had the following assets on December 31, 2020:

           Basis to Stoneman Corporation                             Fair Market Value

  • Cash…………………………………. $31,000……………………………. $31,000
  • Inventory…………………………….. 30,720……………………………. 122,880
  • Building and Land………………… 61,440……………………………. 199,680
  • Equipment…………………………. 178,176……………………………… 30,720
  • Investment stock…………………… 55,296……………………………… 32,000

The inventory was purchased by Stoneman Corporation. The investment stock was acquired from one of the corporation’s shareholders Gary, as a capital contribution on November 15, 2019, when the stock had a fair market value of $36,864 and an adjusted basis of $55,296. The remaining assets were acquired from the shareholders when Stoneman Corporation was formed four years ago. Stoneman Corporation adopts a plan of liquidation on December 31,2020, and will distribute all of its assets on that date to its two unrelated shareholders, Ellen (80 percent of the stock in Stoneman with a stock basis of $168,960), and Gary (20 percent of the stock in Stoneman with a stock basis of $82,944). Structure a liquidation that will minimize the tax liabilities to Stoneman Corporation and it its two shareholders and show all of your computations.

2Assignment status: Solved by our Writing Team at CapitalEssayWriting.comCLICK HERE TO ORDER THIS PAPER AT CapitalEssayWriting.com