Annual income would be about 30000 bowen can invest any

Reference no: EM13454610

Howard Bowen is a large-scale cotton farmer. The land and machinery he own has a current market value of $4 million. Bowne owes his local bank $3 million. Last year Bowen sold $5 million worth of cotton. His variable operating costs were $4.5 million: accounting depreciation was $40,000, although the actual decline in value of Bowen's machinery was $60,000 last year. Bowne paid himself a salary of $50,000 which is not considered part of his variable operating costs. Interest on his bank loan was $400,000. If Bowen worked for another famer or a local manufacture, his annual income would be about $30,000. Bowen can invest any funds that would be derived, if the farm were sold, to earn 10 percent annually.

A. Compute Bowen's accounting profits

Reference no: EM13454610

Questions Cloud

Describe the major influences that verdi wagner or puccini : describe the major influences that verdi wagner or puccini exerted upon opera in terms of making it more innovative

Describe how the devotion to the virgen de guadalupe has : discuss the role of syncretism and religious conversion in the film the other conquest.bull describe how the devotion

Citing appropriate primary sources discuss the reasons for : 1.citing appropriate primary sources discuss the reasons for martin luthers break with the catholic church and his

As the human resources manager it is your responsibility to : as the human resources manager it is your responsibility to keep all human resources employees informed about current

Annual income would be about 30000 bowen can invest any : howard bowen is a large-scale cotton farmer. the land and machinery he own has a current market value of 4 million.

Components of course evaluation section of this guide the : review the final research paper instructions located within the final research paper link in your online course or

Fance 1940 stalingrad 1941 el alamein 1942 midway 1942 : a needs to be atleast 250 words and b has to be at least 150 words andnbspboth need to be cited.a. was it necessary to

Research examine and defend why it is essential for the : research analyze and defend why it is essential for an organization to have a positive corporate culture. in addition

The period from 1992 to 2000 is one of the most interesting : the period from 1992 to 2000 is one of the most interesting in american history. select two of the events listed and

User Account

All Pages