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Video world operates a retail store that rents movie videos. for each of the last 10 years, Video World has consistently earned profits exceeding P250000 per month in rent for its building, but it uses only 50 percent of the square footage rented for video rental purposes. The other option of the rented space is essentially vacant.
Noticing that Video World only occupies a portion of the building, a real estate agent told the owner of Video World that she could add P12000 per month to her firm's profits by renting out the unused portion of the store. While the prospect of adding an additional P12000 to Video World's bottom line was enticing, the owner was also contemplating using the additional space to rent video games. What is the opportunity cost of using the unused portion of the building for video game rentals?
Identify each item by letter and list the items in columnar form, using the headings. All receipt amounts should be reported in parentheses. For any amounts entered in the Other Accounts column also indicate the accounttitle.
in 2010 the moncrief company purchased from jim lester the right to be the sole distributor in the western states of a
Compute depreciation for 2011 and 2012 and the book value of the drill press at December 31, 2011 and 2012, assuming the straight-line method is used.
on july 2012 hallo corporation a wholesaler of communication equipment issued 34000000.00 of 20year 12 bonds at a
Lennox Company uses a job order costing system.
inventories 4200000total 14000000current ratio 2.25acid-test ratio 1.2debt to equity ratio 1.8answer for
A taxpayer, who uses the cash method of accounting for tax purposes, received income in 1989, 1990, 1991 and 1992 for illegal espionage activities performed in 1985.
Is the type of adjusting entry accrual or deferral - will the amount of the company's liabilities reported on the balance sheet be too low, or okay?
what is an intangible asset? should all intangible assets be subject to amortization? explain why or why not. why is
Michaels Company segments its income statement into its East and West Divisions. The company's overall sales, contribution margin ratio, and net operating income are $620,000, 57%, and $57,000, respectively.
equipment acquired on january 2 2011 at a cost of 273500 has an estimated useful life of eight years and an estimated
Blackstone Inc is a non-assurance client of our firm. On February 14,2011,the board of directors of Blackstone Inc. authorized the disposition of its existing corporate jet and the acquisition of a new state-of-the-art corporate jet.
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