answer
Julie's Inc enters into a franchise agreement on December 31, 2029. plving Mr. Diaz Corp. the right to operate a franchise of us for 5 years. Jolie's charged Mc Diaz an initial franchise fee of P50,000 for the right to operate as a franchise of this amount P20,000 payable when the food fight signs the agreement, and the note balance is payable in five annual payments of P6,000 exchstarting on December 31, 2020, as part of the arrangement. Pizza helps locate the site, negotiate the lease or purchase of the site supervise the construction activity, and provide employee training and the equipment necessary to be a distributor of its products. Similar trang Services and equipment are sold separately. Mr. Dlazako promises to pay ongoing rovalty payments of 1% of its annual sales (payable each lan. 31 of the following yan) and is onged to purchase products from pizza at its current stand-alone selling price at the same time of purchase. The credit rating of Me Dlaz idmates that the money can be borrowed at 89. The PV of an ordinary annuity of 5 annual receipts of P6.000 each discounted at BX 28.957. The discount of 6,043 represents the interest revenue to be accrued by pizza over the payment period The allocation of transaction price is as follows Rights to use the trade name market area, and proprietary krowhow P20,000. Training sevke 19.957 und Equipment of P10.000 P14.000 Training is completed in January 2030, the equipment installed in January 2030, and Me Duz grand openings fub 2. 2030. Forte unded December 31, 2030, the franchie teoorted ses even muotin to $25,000 The total revenue recounted on December 31, 20307 Julie's Inc enters into a franchise agreement on December 31, 2029. plving Mr. Diaz Corp. the right to operate a franchise of us for 5 years. Jolie's charged Mc Diaz an initial franchise fee of P50,000 for the right to operate as a franchise of this amount P20,000 payable when the food fight signs the agreement, and the note balance is payable in five annual payments of P6,000 exchstarting on December 31, 2020, as part of the arrangement. Pizza helps locate the site, negotiate the lease or purchase of the site supervise the construction activity, and provide employee training and the equipment necessary to be a distributor of its products. Similar trang Services and equipment are sold separately. Mr. Dlazako promises to pay ongoing rovalty payments of 1% of its annual sales (payable each lan. 31 of the following yan) and is onged to purchase products from pizza at its current stand-alone selling price at the same time of purchase. The credit rating of Me Dlaz idmates that the money can be borrowed at 89. The PV of an ordinary annuity of 5 annual receipts of P6.000 each discounted at BX 28.957. The discount of 6,043 represents the interest revenue to be accrued by pizza over the payment period The allocation of transaction price is as follows Rights to use the trade name market area, and proprietary krowhow P20,000. Training sevke 19.957 und Equipment of P10.000 P14.000 Training is completed in January 2030, the equipment installed in January 2030, and Me Duz grand openings fub 2. 2030. Forte unded December 31, 2030, the franchie teoorted ses even muotin to $25,000 The total revenue recounted on December 31, 20307
