keelynnbarrier
keelynnbarrier
16.07.2019 • 
Business

The ultimate frisbee league (ufl) licenses its trademark to tank-skin apparel. under the license arrangement, tank-skin pays the ufl a $1 million initial license fee plus a bonus when annual sales of tank-skin merchandise reach a threshold. the license agreement is for 4 years. how much of the $1 million initial license fee should the ufl recognize as revenue in the first year of the contract? select one: a. $1,000,000 b. $250,000 c. $0 d. cannot tell from information given.

Solved
Show answers

Ask an AI advisor a question