Business, 27.07.2021 22:50 MuntazerMehdi9746
Norman Dowd owns his own taxi, for which he bought a $11,200 permit to operate two years ago. Mr. Dowd earns $33,600 a year operating as an independent but has the opportunity to sell the taxi and permit for $40,500 and take a position as dispatcher for Carter Taxi Co. The dispatcher position pays $31,500 a year for a 40-hour week. Driving his own taxi, Mr. Dowd works approximately 55 hours per week. If he sells his business, he will invest the $40,500 and can earn a 12 percent return. Required Determine the opportunity cost of owning and operating the independent business. Calculate the earnings of Norman Dowd operating as an independent and the earnings of Norman Dowd working as a dispatcher. Based solely on financial considerations, should Mr. Dowd sell the taxi and accept the position as dispatcher
Answers: 3
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Business, 22.06.2019 11:10
Use the information below to answer the following question. the boxwood company sells blankets for $60 each. the following was taken from the inventory records during may. the company had no beginning inventory on may 1. date blankets units cost may 3 purchase 5 $20 10 sale 3 17 purchase 10 $24 20 sale 6 23 sale 3 30 purchase 10 $30 assuming that the company uses the perpetual inventory system, determine the gross profit for the month of may using the lifo cost method.
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Norman Dowd owns his own taxi, for which he bought a $11,200 permit to operate two years ago. Mr. Do...
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