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Stan Loy owns the Vista Barber Shop. He employs 5 barbers and pays each a base rate of $1,070 per month. One of the barbers serves as the manager and receives an extra $502 per month. In addition to the base rate, each barber also receives a commission of $5.60 per haircut. Other costs are as follows. Advertising $178 per month Rent $921 per month Barber supplies $0.30 per haircut Utilities $175 per month plus $0.40 per haircut Magazines $21 per month Matt currently charges $10.50 per haircut. a. Compute the break-even point in units and dollars. b. Determine net income, assuming 2,000 haircuts are given in a month.
pit bull enterprises has numerous investments in debt and equity securities. the comptroller christina wecker is
A fire totally destroyed office equipment and furniture which Monica uses in her business. The equipment had an adjusted basis of $15,000 and a FMV of $10,000 before the fire.
review the financial statements of a publicly traded u.s. company. post a link to the statements so they may be viewed
Phyllis believes that the firm should use straight-line depreciation for a capital project because it results in higher net income during the early years of the project's life.
The extent of the company legal and financial responsibility for this accident, if any, can't be determined at this time.
bull question 1 a characteristic of futa is thatbull question 2 which statements best describes the history of the
It is estimates that 16% of the cost of goods sold represents fixed factory overhead costs and that 20% of the operating expenses are fixed. Since Royal Cola is only one of many products, the fixed costs will not be materially afected if the produ..
Briefly explain the rationale for a sale and leaseback and the advantages for firms engaging in such an exercise.
james lives in maryland but works in virginia. john lives in virginia but works in maryland. john believes he has been
for this we must do tasks related to a retail store selling dvds. this business is relatively simple with approximately
Discuss the relevance of budgeting as it relates to the accounting profession in general. Relate lessons learned from a self-selected reading or from something you learned while working on your accounting profession in general.
calculate the annual cash dividends required to be paid for each of the following preferred stock issuances 2.40
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