How many returns does this liberty tax office

Assignment Help Accounting Basics
Reference no: EM131794409

Liberty Tax is one of the fastest growing franchises in America. A Liberty Tax franchise costs about $40,000. The owner at the Wheaton Mall franchise was charged $50,000 for rent annually and $110,000 for marketing and employees expenses each year. Liberty Tax charges its clients about $250 per tax return. How many returns does this Liberty Tax office need to have to break even?

Reference no: EM131794409

Questions Cloud

At what sales volume would the two stores have equal profits : Store B has fixed costs of $200,000 per month and a variable cost ratio of 30%. At what sales volume would the two stores have equal profits
What is the cash flow from assets : Precision Manufacturing had the following operating results for 2014: sales = $38,900; cost of goods sold = $24,600; depreciation expense = $1,700.
Will atoms move from a concave region to a convex region : Explain both in terms of the force equations for reflow as well as in terms of the atomistic picture.
What does the term noncontrolling interest mean : What does the term noncontrolling interest mean? Where should the noncontrolling interests claims be reported in a consolidated set of financial statements
How many returns does this liberty tax office : How many returns does this Liberty Tax office need to have to break even
What ethical challenges can a company face : How does the concept of limited liability impact business decisions - What ethical challenges can a company face while issuing stock other than cash
Calculate the average grain radius : Calculate the average grain radius after 60 minutes of grain growth. Assume the initial grain size is zero.
Directly to your heir immediately by contract at your death : Which of the following types of property would not go directly to your heir immediately by contract at your death?
Prepare a schedule to show the balance in investment account : Assuming that Jumper decided to use the partial equity method, prepare a schedule to show the balance in the investment account at the end of 2011

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd