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Question - Ben is starting college next month. He currently has a 1997 Chevy Corsica, purchased a year ago for $2,000. The Corsica's annual insurance totals $2,000 and fuel expense (to and from college) is estimated at $200 per month. He estimates that the Corsica will have repair costs of $500 per year for the next four years. Ben expects the Corsica to be worthless by the time he graduates college. Ben is considering selling the Corsica for $1,000 and purchasing a 2010 Honda Accord for $7,000. By doing this, he will be comfortably work as a SkipTheDishes driver, generating $1,200 in monthly revenues (approximately 70 hours of work per month). Because of the higher mileage, Ben expects to pay $800 a month for fuel and $300 per quarter for repairs and maintenance. The Accord's insurance will be $210 per month. Ben believes he will be able to sell the Accord for $2,000 fours years from now. Advise Ben on buying the Accord, discussing all relevant factors.
Calculate Selina's net tax payable/refundable (including Medicare Levy) for the 2017/18 tax year.Calculate Selina's taxable income for the 2017/18 tax year.
August 31 falls on a Thursday. On Friday, September 1, the part-time employee John J. Jones was paid $250 or $50 per day for a five-day work week which ended that Friday.
dan engles manufactures and sells homemade wine and he wants to develop a standard cost per gallon. the following are
P400,000 in excess of carrying amount. In the statement of financial position, what amount should be reported as goodwill as a result of the acquisition?
how does global human resource management differ from domestic human resource management?the strategic adaptation
It is expected to increase net annual cash flows by $25,000. The company's borrowing rate is 8%. Its cost of capital s 10%. Calculate the net present value of this project to the company?
stephens inc. is a wholesaler of photography equipment. the activity for the vtc cameras during july is shown
The initial investment (Yr. 0) on a project was £10,000. The cash flows are as follows: Year 1 £5,000, Year 2 £4,500, Year 3 £3,500 and Year 4 £3,000.
Funkhouser Company has contacted Agler with an offer to sell it 4,000 of the subassemblies for $17 each. Should Agler make or buy the subassemblies
Which of the following is not characteristic of a corporation? a) The financial loss that a stockholder may suffer from owning stock in a public company is limited. b) Cash dividends paid by a corporation are deductible as expenses by the corporation..
You are preparing a balance sheet for A Cake Too Far a small local bakery. According to this list, what the totals of assets and liabilities for the business
Post Card Depot, an large retailer of post cards, orders 5,199,131 post cards per year from its manufacturer. Post Card Depot plans on ordering post card.
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