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Telly Savalas owns the Bonita Barber Shop. He employs 7 barbers and pays each a base rate of$1,100 per month. One of the barbers serves as the manager and receives an extra $550 per month.In addition to the base rate, each barber also receives a commission of $5.50 per haircut.Other costs are as follows.AdvertisingRentBarber suppliesUtilitiesMagazines$200$980$0.40$180$25perperperperpermonthmonthhaircutmonth […]

QUESTION 5Clark and Clester live in the beautiful town of Pagudpud, Ilocos Norte. They own a small business in which they make earrings and necklaces and sell them to the people who visit the beach. Clark can make 18 earrings or 6 necklaces per hour. Clester is a little bit slower and can make only […]

Mike and Sally went to the grocery store with 180$. Mike bought a nerf gun for 7$, a pound of oranges for $1.89, and A TV for $68. How much money does Mike and Sally have now?

After completing the unit and reviewing the Stearns article, answer the following in your own words: “Why I believe it is important to study history.” First, examples from this unit must be utilized as part of your answer, and topics may include, but are not limited to, the following: · describing the possible migration of […]

In 2014, Steinrotter Construction Corp. began construction work under a 3-year contract. The contract price was $3,100,000. Steinrotter uses the percentage-of-completion method for financial accounting purposes. The income to be recognized each year is based on the proportion of cost incurred to total estimated costs for completing the contract. The financial statement presentations relating to […]

Discussion questions: minimum 300 wordsThe article for reading was very descriptive in the biological process of the brain development. How can you relate this to your experience with young children? Was there anything that was surprising in the reading? Was there anything that was unclear or left you with questions? Would you recommend this journal […]

Roger’s Aeronautics, LTD, is a British aeronautics subcontract company that designs andmanufactures electronic control systems for commercial airlines. The vase majority of allcommercial aircraft are manufactured by Boeing in the U.S. and Airbus in Europe;however, there is a relatively small group of companies that manufacture narrow bodycommercial jets. Assume for this exercise that Roger’s does […]

QUESTION 41.Use the following to answer questions 4 and 5:OutlyTech Corp. expected to sell 24,000 telephone switches. Fixed costs were $12,150,000, unit sales price was$4,190, and unit variable costs were $1,440. OutlyTech’s margin of safety in units is calculated to be:A 20,887.2. 7.B 18,276.3. 7.C 19,581.8. 2.D 22,192.7. 3.1.QUESTION 5OutlyTech’s margin of safety in sales […]

Just before you came on board, several new, junior accountants had been hired to start in the financial accounting area, as well as a senior financial accounting analyst. To get the junior accountants off on the right foot, you planned to have a breakfast meeting with them to discuss a number of financial accounting basics.Describe […]

Contrast an unclassified income statement with the components of a classified income statement.Explain why a company would choose to present its income statement data in a classified format. Identify and describe the major sections of a classified income statementIn each of the following equations supply the missing term(s): Net sales = Gross sales – (______________________ […]