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Business, 05.02.2020 21:50 Isaiahtate053

Nicole mackisey is thinking of forming her own spa business, nicole's getaway spa (ngs). nicole expects that she and two family members will each contribute $10,000 to the business and receive 1,000 shares each. nicole forecasts the following amounts for the first year of operations, ending december 31, 2018: cash on hand and in the bank, $2,450; amounts due from customers from spa treatments, $1,810; building and equipment, $73,000; amounts owed to beauty supply outlets for spa equipment, $4,690; notes payable to a local bank for $39,170. cash dividends of $5,000 will be paid to the stockholders during the year. nicole also forecasts that first-year sales revenues will be $50,800; wages will be $25,500; the cost of supplies used up will be $8,500; office expenses will be $6,500; and income taxes will be $1,900. what is the common stock

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Nicole mackisey is thinking of forming her own spa business, nicole's getaway spa (ngs). nicole expe...
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