Answer:
Operating revenue, R = $300000
Operating Cost, C = $280000
Fixed Cost, F = $40000
Salvage value of fixtures, S = $15000
If it remains open, its value will be = R - C - F + S = 300000 - 280000 - 40000 + 15000 = -$5,000
If the salon closes down, its value will be = S - F = 15000 - 40000 = -$25000
.
Fran should remain open as the value of the salon if remaining open (-$5,000) is more than the value of closing it (-$25,000).
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Answer:
checking one's financial records against the bank’s
Explanation:
Reconciling an account is the regular confirmation that the reported balances are accurate. It involves checking one's account against bank balances to ensure the figures are tallying. Reconciling may require making adjustments to capture omitted transactions and charges. In practice, reconciliation involves comparing one financial records against the bank statement.
Answer: difference between the cost of printing paper money and the value of the goods and services that the government can purchase with the newly printed money
Explanation: Seignorage is the revenue obtained by the difference between revenue earned from minting money and the costs of producing and distributing the notes. When the money it creates is worth more than it costs to produce it is noted as revenue.
AnswER:
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Explanation: