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70, un at btc bit zoro now Question two Solar World Ltd owned a patent right for solar bulbs. It negotiated with Bright & Co

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70, un at btc bit zoro now Question two Solar World Ltd owned a patent right for solar bulbs. It negotiated with Bright & Co to produce and sell the bulbs subject to the payment of a royalty per unit of GHC20.00 and annual minimum payment based on an output of 10,000 bulbs. Any shortworkings within a particular year could be recovered within the following year only. Under the agreement, Bright & Co could issue a sub-licence for the manufacture and sale of the same product. In 2015, Bright & Co issued a sub-licence to Score Ltd on condition that a minimum annual royalty of GHC90,000.00 for 3,000 bulbs be paid. Any shortworkings within a particular year could be recovered within the following year only. The production data for the first four years is provided below. Bright & Co Score Ltd 2014 6,000 7,000 2,000 13,000 2,500 16,000 4,000 Required Copy and complete the table below in the books of Bright & Co. In the books of Bright & Co Royalties Royalties Shortwokings Shortworkings' Payable Receivable Recoverable Allowable GHS 2014 2015 2016 2017 (6 marks) 3, un 2016 2017 190, vvv-3, oreb 30x300 90, Moto rom Year GHS GHS GHS 70, un at btc bit zoro now Question two Solar World Ltd owned a patent right for solar bulbs. It negotiated with Bright & Co to produce and sell the bulbs subject to the payment of a royalty per unit of GHC20.00 and annual minimum payment based on an output of 10,000 bulbs. Any shortworkings within a particular year could be recovered within the following year only. Under the agreement, Bright & Co could issue a sub-licence for the manufacture and sale of the same product. In 2015, Bright & Co issued a sub-licence to Score Ltd on condition that a minimum annual royalty of GHC90,000.00 for 3,000 bulbs be paid. Any shortworkings within a particular year could be recovered within the following year only. The production data for the first four years is provided below. Bright & Co Score Ltd 2014 6,000 7,000 2,000 13,000 2,500 16,000 4,000 Required Copy and complete the table below in the books of Bright & Co. In the books of Bright & Co Royalties Royalties Shortwokings Shortworkings' Payable Receivable Recoverable Allowable GHS 2014 2015 2016 2017 (6 marks) 3, un 2016 2017 190, vvv-3, oreb 30x300 90, Moto rom Year GHS GHS GHS

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