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How many years of business to business experience do you have?
l have 40 years of executive experiance.
What is required to start a landscaping business?
To start a landscaping business you're going to need some equipment. This normally includes a truck, trailer and landscaping equipment. Startup costs are relatively low. Once you invest in the necessary tools of the trade, you're generally set for years.
How did they start their business?
After 6 years.
How long has Homeworks been in business?
Homeworks has been in business for 76 years. It had reached 75 years in 2012. Homeworks is a Electric Co-Operative business in the United States of America.
How long has Boeing been in business?
about 70 years
What is number of years purchase in goodwill calculation?
it is the time till the annuity pays back. or it is the time till the brand name of existing setup is needed to continue business
How do you calcualte goodwill in partnership business?
goodwill is calculated by dividing 5 years profit average profit is multiplied by 2 and that is yhe goodwill
What is the meaning of Goodwill in Accounting language?
GOODWILL is that intangible possession which enables a business to continue to earn a profit that is in excess of the normal or basic rate of profit earned by other businesses of similar type. The goodwill of a business may be due to a particularly favorable location, its reputation in the community, or the quality of its employer and employees. The evidence that goodwill exists is the proven ability to earn excess profits. Goodwill is created on the books of a newly purchased company to the extent that the purchase price of the company is greater than the value of its net tangible assets. There are a number of methods for valuing goodwill: a. Simple Capitalization - The net profit of the business is capitalized to determine the total value of the business. The value of all the tangible assets is subtracted from the total value to establish the value of the intangible assets, or goodwill. b. Excess Earnings - the amount of earnings that are in excess of those normally earned by a similar business are capitalized to determine the value of goodwill. c. Income Tax Method - The past five years net income is averaged and a reasonable expected rate of return for tangible assets and salary requirements are subtracted. The resulting value is then capitalized to arrive at the goodwill value. d. Market Value - The price a willing seller would accept and a willing buyer would pay for goodwill. e. Buy /Sell Agreement - The value of goodwill is established by a formula in the buy/ sell agreement. f. Rule of Thumb - Goodwill is worth one years gross income.
How average profit method calculates goodwill?
Goodwill = Average Profits X Number of years of Puchase
How old is Goodwill Zwelithini kaBhekuzulu?
Goodwill Zwelithini kaBhekuzulu is 63 years old (birthdate: July 14, 1948).
What is the Journal entry to write off a goodwill?
That really depends, I think more information is required to answer the question. Can you explain what happened the the asset and what kind of asset it is specifically? Yes - a loan made some years ago will not be paid back. How do I record the `loss` in the annual balance?
What is the formula for evaluating a business' goodwill?
Goodwill (by Average profit Method) = Average profit X No.of years purchaseGoodwill(by Super profit method) Normal profit = Average capital employed X Normal rate of return / 100Super profit = Actual profit- Normal profitGoodwill = Super profit x Number of years purchase (usually specified in question)
What is goodwill claim?
In the auto business, manufacturers will sometimes honor a warranty claim even if the warranty has expired, or didn't cover the problem. They do this as a matter of "goodwill" -- not because they have to (or don't think they have to), but because they want to keep the customer happy -- especially if it involves an expensive car. An example: let's say your transmission is warrantied for five years or 50,000 miles, and yours breaks at five years and five days, with only 45,000 miles. Technically, the manufacturer doesn't have to honor your warranty claim, but as a matter of "goodwill," they probably would do so.
What has the author James Milligan Dickson written?
James Milligan Dickson has written: 'The Goodwill memorial, or, The first one hundred and fifty years of the Goodwill Presbyterian Church'
What is needed to start a vehicle repo business in California?
Two years work experience under a licensed repo agency within the state of California is required before starting repo business. An exam is to be taken to be a "Qualified Manager" which is required to ?æbe stationed in all branches. A CA business license is required before operation.
Which US President filed chapter 13 due to a failed business and was required to repay his creditors over a period of 17 years?
Abraham Lincoln whom, in 1833, filed for bankruptcy due to a failed business and was required to repay his creditors over a period of 17 years. The current chapter 13 isn't that long anymore; it requires 5 years of payment.
What is the core product of KFC?
They built goodwill over the years and made a solid "brand" for the business. **************************** Cheap, good and tasty!
