ACCT 200 Lecture Notes - Lecture 27: Wheaties, Interest
30 Aug 2018
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Trademarks and trade names word, phrase, jingle, or symbol that distinguishes or identifies a particular enterprise or product i. e. wheaties, monopoly, sunkist, kleenex, coca-cola, big. Legal protection for indefinite number of 20 year renewal periods, capitalize acquisition costs, no amortization. Franchises contractual arrangement between a franchisor and a franchisee i. e. toyota, Franchise (or license) with a limited life should be amortized to expense over the life of the franchise franchise with an indefinite life should be carried at cost and not amortized. Not amortized goodwill, franchises, trademarks/trade names. Simple interest is not used in business situations. Four tables will be given to you, need to know how to use tables. Present value x factor = future value. Slide 25 semiannual (three years x 2 and interest rate cut in half) Twice as many periods, half as much interest. Add bonds total principal and interest together.
