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Question - Pierre's hair Salon in considering opening a new location in French Lick, California. The cost of building a new salon is $300,000. A new salon will normally generate annual revenues of $70,000, with annual expenses (including depreciation) of $41,500. At the end of 15 years the salon will have salvage value of $ 80,000.
Instructions - Calculate the annual rate of return on the project.
the board of directors declared a 2 per share cash divided on common stock and the corporation had 5000 share
Calculate the capital balance of each partner in the partnership subsequent to the contributions. Prepare the journal entry necessary to record the partners' contributions.
a company sells computers at a selling price of 1800 each. each computer has a 2-year warranty that covers replacement
Looks like a slush fund to me. Why don't we just use it to help keep taxes down? How would you advise the mayor about this matter?
Actual production required an overhead cost of $560,000, $1,100,000 in materials used, and $440,000 in labor. All of the goods were completed. What amount was transferred to Finished Goods?
imas overarching ethical principles include honesty fairnessobjectivity and responsibility. what are the ethical
1. Why is it important to keep paid-in capital separate from earned capital? 2. As an investor, is paid-in capital or earned capital more important? Explain why.
selected financial information is shown below. additionally we know that cash dividends declared and paid during year 2
Compute the amount of depreciation expense that is deductible under MACRS for 2013 and 2014, assuming that the equipment is classified as five year property.
Identify production level to maximize profits. Explain how to balance fixed and variable costs.
Calculate the expected cash balance at the end of April and May, assuming that cash is received only from customers and that $16,000 is paid out during April and 14,000 is paid out during May.
According to the Normal model N(0.024, 0.056) describing mutual fund returns in the 4th quarter of 2007 in Exercise 21, what percent of this group of funds would you expect to have return
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