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A motel has a fixed annual cost of $641,000 applicable to its rooms. The hotel has 208 rooms. The room rate is $90 per day and the variable cost per room is $45. the motel is open for 365 days. What percentage of occupancy is needed to break even?
Based on 2008 tax laws, if Salem's taxable income before charitable contributions is $11,500,000 in 2009, calculate the charitable contribution allowance for 2009. Provide a recommendation to Salem management regarding tax implications of this con..
Mary is evaluating the risk (return deviation) of a model stock portfolio she has constructed. She knows that an ex ante set of returns is a more useful approach. However, she decides to examine ex post returns because she knows that for a well-di..
Unamortized discount on bonds payable for $64,000. The bonds were issued on dec 31, 2008 at 95 with interest payable on june 30 and december 31( straight line). On january 1 2011 marin retire $640,000 of these bonds at 101. what are the journal en..
stockholders of a business enterprise are said to be the residual owners. the term residual owner means that
kensingtons capital balance is 33860 after admitting atchley to the partnership by investment. if kensingtons ownership
Alpine uses the Lifo method of inventory in conjunction with the lower-of-cost or market methods. Additional information states that teh value of the total cabinet inventory was still above costs.
Calculate ending inventory, cost of goods sold, gross profit, and gross profit rate under each of the following methods.
monkeysuits inc. makes costumes for movies and television shows. jay tribini the companys owner prepared the following
Describe the differences between the three types of audits in terms of their scope and taxpayer type.
Dividends are expected to grow at a constant rate of 4% for the next two years, at which point the stock is expected to sell for $56.00. If investors require a rate of return on Modem's common stock of 18%, what should the stock sell for today?
Speculating with Currency Futures: Suppose that a March futures contract on Mexican Peso was available in January for $.09 per unit. Also suppose that forward contracts were available for same settlement date at a price of $0.092 per peso.
employees are a part of the cash disbursements cycle. why is it important that a company have all of its employees in
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