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Assume the following situation: Your business is 3 years old sole proprietorship. It has sales of $300,000 and net income after taxes of $40,000. Your total assets are $100,000 and your total liabilities are $2,000.
You want to hire a fourth employee and outfit them with a computer and the tools necessary to do the job. You’ll also need a bigger space, with enough offices to accommodate everyone and to meet with clients. Of course, you’ll need furniture too. So you want to raise $50,000 to expand your business.
Explore your options:
a. Would it make sense to issue a bond? Why or why not?
b. Would it make sense to issue stock? Why or why not?
c. Would it make sense to apply for a bank loan? Why or why not? What would you need to provide the bank in order for them to consider the loan?
Which of the following statements is true regarding product and period cost? Office salaries expense is a product cost and factory maintenance is a period cost? office rent is a product cost and supervisors salaries expense is a period cots?
(Learning Objective 3: Analyze and report an investment in an affiliate) Suppose on February 1, 2012, Western Motors paid $380 million for a 35% investment in Phase Motors. Assume Phase earned net income of $40 million and paid cash dividends of $20 ..
The stated interest rate on the borrowed funds is 10%. What is effective annual rate of interest on the line of credit?
multiple choice questions on bank reconciliation and balance sheet1. cash may not include a.foreign currency. b.money
Determine the amounts of any cash inflows or outflows related to the common stock and dividend accounts in 2012. Indicate where each of the cash inflows or outflows identified in would be classified on the statement of cash flows.
economic ordering quantity computation.calculate the eoqels for the following two cases.raw material lrmannual demand
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Compute the estimated cost of the ending inventory for each department under the retail inventory method. (Round computations and final answers to 0 decimal places, e.g. 125.)
walker runs a business as a plumber. the trial balance and additional information of the business as on 31 december
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