The hotel has been refurbished, it's décor was restored to early american design
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The hotel has been refurbished; its décor has been restored to early American design.
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Squid Lips, Inc wants to measure the relationship between profitability and the investment made by stockholders. Squid Lips should use the
a. return on stockholders' equity ratio. b. earnings per share. c. profit margin. d. statement of retained earnings.
Modern Age Company made total cash sales in February of $666,000, which are subject to 7.5% sales tax. Prepare the summary entry to record the transaction. Omit explanation.
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If the net present value of a proposed investment is positive,
a. the investment does not earn the required rate of return. b. the cost of the investment is more than the present value of the future cash flows. c. the firm should make the investment because the present value of the future cash flows is more than the cost of the investment. d. the present value of the future cash flows would be unaffected by the proposed investment
Rowdy Bolton began Bolton Office Services in October and during that month completed these transactions: a. Invested $10,000 cash and $15,000 of computer equipment in the business in exchange for common stock.b. Paid $500 cash for an insurance premium covering the next 12 months.c. Completed office services for a customer and collected $1,000 cash.d. Paid $200 cash for office supplies.e. Paid $2,000 for October's rent.Prepare journal entries to record the above transactions. Explanations are unnecessary.
What will be an ideal response?