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Problem - You run a nail salon. Fixed monthly cost is $5,257.00 for rent and utilities, $6,277.00 is spent in salaries and $1,736.00 in insurance. Also every customer requires approximately $2.00 in supplies. You charge $98.00 on average for each service. You are considering moving the salon to an upscale neighborhood where the rent and utilities will increase to $11,925.00, salaries to $6,766.00 and insurance to $2,019.00 per month. Cost of supplies will increase to $6.00 per service. However you can now charge $164.00 per service. At what point will you be indifferent between your current location and the new location?
Which of the following depreciation methods would you recommend: straight-line depreciation, double declining balance method, or an alternative method?
1. CEOs. A business publication recently released a study on the total number of years of experience in industry among CEOs. The mean is provided in the article, but not the standard deviation. Is the standard deviation most likely to be 6 months,..
By most definitions, if we are persuaded by an individual, we are said to be obedient to that individual. If we are persuaded by a group, we are said to have conformed to that group's objectives. Compare and contrast the core differences between t..
Surf Products Company uses an automated process to clean and polish its souvenir items. Prepare a production cost worksheet using the FIFO method
a. What amount can Jackson claim as a tax deduction for salary and wage expense? b. How much can Jackson deduct as tax expense?
Give an example of a transaction and share how it would be accounted for under both the accrual method and the cash methods of accounting.
Prepare General Journal entries to record the entry of Dent into the partnership under each of the Dent invests $133,000 unrelated assumptions
Please review the following real-world ratios for Johnson & Johnson and Pfizer for the year ended 2012 - Explain the meaning of each of the Pfizer ratios
How can the IRS manage tax prepares better. There are many software programs out there now and many tax services that "pop-up" during tax season
Assume you are opening a Bed Bath & Beyond store. To Finance the business, you need a $500,000 loan, and your banker requires a set of forecasted financial statements. Assume you are preparing the statements and must make some decisions about ho..
What effect would the FOMC policy have on the Dollar/Pound exchange rate? Assume that the policy affects the demand for Pounds.
Affectionate Company sold merchandise on account for P500,000. Prepare journal entries to record the transactions under the following freight terms
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