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Salaries .............................$8,500 per monthUtilities ............................. 2,000 per monthDepreciation ....................... 1,000 per monthMaintenance ....................... 500 per monthMaid service ....................... 5 per roomOther costs ........................ 33 per room
Instructions
(a) Determine the inn's break-even point in
(1) Number of rented rooms per month
(2) Dollars.
(b) If the inn plans on renting an average of 50 rooms per day (assuming a 30-day month), what is
(1) The monthly margin of safety in dollars
(2) The margin of safety ratio?
A new retail store has offered to buy 8,300 of its skateboards for $59 per unit. The store is in a different market from Calla's regular customers and it would not affect regular sales. A study of its costs in anticipation of this additional busin..
Learning Objective
sun inc assigns 2000000 of its accounts receivables as collateral for a 1 million 8 loan with a bank. sun inc. also
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Hughey Co. as lessee records a capital lease of machinery on Jan. 1 2011. The seven annual lease payments of $350,000 are made at the end of the year. The present value of the lease payments at 10% is $1,704,000.
Why does a company choose to form as a corporation? What are some of the advantages and disadvantages of the corporate form of doing business?
Discussion board: Read the article "The Economic Effects of IFRS Adoption" and answer the following questions.
using the following information find the unknown amounts. assume each set of information is an independent case. a.
In a sample of 1,000 representing a survey from the entire population, 650 people were form Laketown, and the rest of the people were from River City. Out the the sample, 19 people had some form of cancer. Thirteen of these people were from Laketo..
Instructions Prepare the general journal entries necessary to record these transactions. Equity transactions. Presented below is information related to Wyrick Company:
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