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Question - Vin Diesel owns the Fredonia Barber Shop. He employs 7 barbers and pays each a base rate of $1,370 per month. One of the barbers serves as the manager and receives an extra $530 per month. In addition to the base rate, each barber also receives a commission of $5.84 per haircut.
Other costs are as follows.
Advertising $250 per month
Rent $960 per month
Barber supplies $0.44 per haircut
Utilities $170 per month plus $0.37 per haircut
Magazines $25 per month
Vin currently charges $11.65 per haircut.
Find the variable costs per haircut and the total monthly fixed costs?
On January 1, 2006, Solomon Company purchased the following two machines for use in its production process. The journal entry to record its purchase on January 1, 2006.
Suarez intends to dispose of the equipment in the coming year. It is expected that the cost of disposal will be $ 38,900 . As of December 31, 2014, the equipment has a remaining useful life of 4 years.
Describe the accounting rules and regulations you would introduce to ensure that these types of accounting irregularities do not occur in the future.
the american community survey showed that residentsof new york city have the longest travel times to get to work
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sales of 746700 cost of goods sold of 603200 and inventory of 94300. how long on average does it take the firm to
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