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Commencement of business
1. What date did business commence?
2. Work out how much it will cost to commence business.
3. The capital to start business must come from the partners. Work out how much each partner is contributing (REALISTIC NUMBERS, REMEMBER IT'S A JUICE BAR BUSINESS). Write the details of each partner's contribution in narrative form. At least one of the partners must have contributed more than just cash. If other assets are introduced, they must be realistic. Explain where they came from if necessary.
2. Prepare general journal entries to account for the capital contributed by the partners. Include narrations.
3. Prepare a statement of financial position on the day of formation.
Determine the present value index for each proposal. Round your answers to two decimal places.
Find the break points associated with each source of capital and use them to specify each of the ranges of total new financing over which the firm's WACC remains constant.
Kristen, the regional manager for a national hardware chain, is based in Atlanta. During March and April of this year, she has to replace temporarily the district manager in Jackson, Mississippi. During this period, Kristen flies to Jackson on Sun..
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Total the variances you have computed, and compare the net amount with the $12,250 mentioned by the vice president. Do you agree that everyone should be congratulated for a job well done? Explain.
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