User Account

All Pages

Compute gross profit per year for given problem

Assignment Help Accounting Basics
Reference no: EM131713218

Question: You are investigating possible hidden income in a divorce dispute involving an automobile repair shop with five bays. There are five mechanics, charging approximately $60 per hour for 7 hours per day. Assume 315 days worked with each person's wage of $30 per hour for 8 hours. Compute gross profit per year. If the owner reports $42,500 of gross income, what is your opinion?

Reference no: EM131713218

Questions Cloud

Write a reflective analysis paper about your presentation : For the Unit 5 assignment, you will write a reflective analysis paper about your presentation-creation process and your Unit 4 live, oral presentation.
Domestic violence is one of the most prevalent issues : Domestic violence is one of the most prevalent issues pertaining to violent crime.
What are the ways cognitions in negotiation : What are the ways cognitions in negotiation can also be affected by bias and the framing processes
Discuss some people may think they are doing a good thing : Some people may think they are doing a good thing and others may think this same practice is immoral
Compute gross profit per year for given problem : You are investigating possible hidden income in a divorce dispute involving an automobile repair shop with five bays.
Describe how cash flows are used to minimize political risk : If you are the CFO of a multinational company. What steps could you take to minimize international risk? Describe how cash flows are used to minimize political
Forecasting method can generate trend forecasts : Which of the following forecasting method(s) can generate trend forecasts?
Contrast two types of leases : Compare and contrast two types of leases and describe the advantages and disadvantages of each. Which type of lease would produce the lowest risk?
Define conventional methods of corporate valuation : Explain why conventional methods of corporate valuation (asset-oriented and income-oriented approaches) are not very well suited for valuation of the merged.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd