Aprofit-maximizing decision must be made about whether to keep a bed & breakfast operating. until the place sells, the mortgage of $3000/month must be paid, since it is a sunk cost. if the restaurant operates, costs rise by $4000 per month, but revenue will be only $6000 per month. until the building can be sold,
it is best to ignore sunk costs and keep the bed & breakfast operating.
it is best to keep the bed & breakfast operating because it is profitable.
it is best to shut down the bed & breakfast since it is taking a loss.

Goods and services that can be used for the same purpose are and goods and services that are used together are

Sarah needs to complete financial aid packets. during which school year would she do this? sophomore freshman senior junior

1tanner invested $135,000 cash along with office equipment valued at $32,400 in the company in exchange for common stock. 2 the company prepaid $7,200 cash for 12 months’ rent for office space. (hint: debit prepaid rent for $7,200.) 3 the company made credit purchases for $16,200 in office equipment and $3,240 in office supplies. payment is due within 10 days. 6 the company completed services for a client and immediately received $2,000 cash. 9 the company completed a $10,800 project for a client, who must pay within 30 days. 13 the company paid $19,440 cash to settle the account payable created on april 3. 19 the company paid $6,000 cash for the premium on a 12-month insurance policy. (hint: debit prepaid insurance for $6,000.) 22 the company received $8,640 cash as partial payment for the work completed on april 9. 25 the company completed work for another client for $2,640 on credit. 28 the company paid $6,200 cash in dividends. 29 the company purchased $1,080 of additional office supplies on credit. 30 the company paid $700 cash for this month’s utility bill. prepare general journal entries to record these transactions. 2. post the journal entries from part 1 to the ledger accounts.