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Question - Positive Living is a massage center that uses smart massage chairs for its service. These chairs can be rented per hour. The cost of operation per hour is 62 per standard service hour. The charge rate is 85.56 per hour. The maximum output of the massage center is 160,000 per year, and its fixed cost is 2,024,000 per year. Determine the following: Fixed cost per hour, Total cost per year and Profit per hour?
Make a flexible budget for the Beverage Division using production levels of 45,000 units, 50,000 units, and 55,000 units. If required, round per unit amounts to two decimal places
Scranton, Inc. reports net income of $254,000 for the year ended December 31. It also reports $98,100 depreciation expense and a $6,200 gain on the sale of equipment. Its comparative balance sheet reveals a $40,300 decrease in accounts receivable, a ..
james, age 17, is claimed by her parents as a dependant, during 2011, she had interest income from a bank savings account of $2,000 and income from a part-time job of $4,200. how much will be James' taxable incom?
Calculate the after-tax cost of debt of MM. Discuss the assumptions implicit in the use of the weighted average cost of capital for investment appraisal.
You wish to lend $25,000 over 5 years to purchase. The interest rate on loan is 12% per annum, compounded monthly. What is the amount of each monthly repayment?
Calculate the initial payment on the loan assuming beginning of period. You have taken out a $225,000, 3/1 ARM. The initial rate of 6.2% (annual) is locked.
YumYum has a service contract with a maintenance company. The contract is for cleaning services at a rate of $3,000 per month. The maintenance company bills YumYum semiannually on October 1 and April 1. The contract commenced on October 1, 2015. What..
Calculate the gain or loss if the asset is sold for $18,000 on December? 31, 2019, the last day of accounting period. The straight-line method of depreciation
How much will be in Melissa's account on the date of her retirement? How much interest will she have earned by her retirement date?
Bell Company, a manufacturer of audio systems, started its production in October 2014. For the preceding 3 years, Bell had been a retailer of audio systems. Assuming that Bell manufactures, on average, 1,500 audio systems per month, enter each cost i..
Explain, Should usefulness in decision-making be the pre-dominant objective of financial reporting or does stewardship (accountability) still have a role?
How do Calculate the 2019 Consolidated Net Income as at December 31, including the share attributable to the non-controlling interest.
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