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The Downtowner Motel desires to earn after-tax income of $10,000 per month. Its average daily rate (ADR) is $60, and its variable costs per room sold equal $20. Its monthly fixed costs total $15,000, and its average tax rate is 20%. How many rooms must be sold over the course of the year in order to achieve the desired profit level?
a. 3,750 rooms
b. 6,250 rooms
c. 8,250 rooms
d. 9,065
Compare the accounting treatment of dividends appropriated from pre-control and post control equities of a subsidiary. Consider the accounting by the companies paying and receiving the dividend, as well as by the corporate group.
Compute Pattersons contribution margin per unit and contribution margin ratio - determine the number of units Patterson must sell to break even.
question the subsequent facts pertain to a noncancelable lease agreement between franklin financing company and jones
Calculate CN's debt to total assets ratio, first using the figures reported, and then after increasing assets and liabilities for the unrecorded operating leases.
Keefe Inc, a calendar-year corporation, acquires 70% of George Company on September 1, 2014, and an additional 10% on January 1, 2015. Total annual amortization of $6,000 relates to the first acquisition. George reports the following figures for 2015..
If a division is reporting losses, does that essentially mean that it should be closed and was reallocation of fixed costs across divisions unethical?
computation of net income from given data.use the following information to calculate the companys accounting net income
Would you recommend the acceptance of this proposal? Why or why not? Prepare a short, double-spaced Word paper elaborating and supporting your answer.
prepare a cash budget and a schedulenbsp of expected cash collections for the data furnished below.jodi horton
In May of 2011 Daemon Financial Services became involved in a penalty dispute with the EPA. At December 31, 2013, the environmental attorney for Daemon indicated that an unfavorable outcome to the dispute was probable.
Hanson Company is constructing a building. Construction began on February 1 and was completed on December 31. Expenditures were $1,920,000 on March 1, $1,248,000 on June 1, and $3,058,100 on December 31.
on 1st january 2013 a rich citizen of the town of ristoni donates a painting valued at 300000 to be displayed to the
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