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After months of broken promises, partial payments, and general stupidity, the landlord had no choice but to evict the long term tenants that had become little more than squatters in his first rental property. As he surveyed the damage and pondered a mix of repairs and upgrades, he scoured the latest statistics on what different upgrades might in terms of increased rent. Beautifilly refinishes wood floors could increase monthly rent about $100 and an upgrade to the kitchen would fetch $80 per month. The garage door needed replacement, but even though it would receive daily use, it was almost an order qualifier, and wouldn't net more than $20 per month. The house had always suffered from lack of back door- you had to access the backyard through the garage, so taking out a window and replacing it with a safety door would cost $250 and add only $15 to the monthly rent. The garage door would cost $350, the kitchen update would cost $1000 if he went with granite, and the floor refinish job would cost $400 to rent the buffer and buy the chemicals. It wouldn't be easy doing these upgrades; the garage door would take a half week, the back door one week, the floors two weeks and the tile three weeks. There was another way around these jobs though; instead of doing then himself, the landlord could always hire a professional in each field that could finish the job in half the time but would charge a pretty penny for that spped. Refinishing floors would cost $2700, upgrading the kitchen would cost $2500, replacing the back window with a door wuld cost $600, and installing a garage door opener would cost $350. Total budget availale is $3000 and job should be done no longer than 4 weeks.
on 1st january 2009 plano company acquired 8 16000 shares of the outstanding voting shares of the sumter company for
Compute 3M's receivables turnover ratio. Compute 3M's average collection period for accounts receivable in days.
NPV Calculate the net present value (NPV) for the following 15-year projects. Comment on the acceptability of each. Assume that the firm has a cost of capital of 9%.
there are four methods of inventory costing lifo fifo direct cost and average cost. why do you believe we have four? do
Assume that Rosanne Madden, CPA, is using 5% of net income before taxes, current assets, or current liabilities as her major guidelines for evaluating materiality. What qualitative factors should she also consider in deciding whether misstatement..
Under GAAP, which of the following is most likely to be classified as an extraordinary item on the income statement? (Points : 2) A manufacturer in an industry with unionized labor reporting a loss from a strike A resort located on the coast of Mexic..
Prepare closing entries at June 30, 2015 - Prepare a post-closing trial balance and Prepare separate entries for each transaction on the books of Tuzun Company.
Anderson Company uses the indirect method of preparing the Statement of Cash Flows and reports the following comparative balance sheet information
Assuming that Reed's can improve its operations to be in line with the industry averages, construct a 1995 pro forma income statement.
All of the following statements regarding equity securities are true except:
Price: $74 per unit Variable expense: $35 per unit: Fixed expenses: $33,000 per month Operating income: $5,610 Calculate the flexible budget variance for fixed expenses.
Prepare a vertical analysis of the income statement by relating each item to net sales. Briefly comment on the results of your analysis. Using the preceding data, complete the income statement and the balance sheet.
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