Use the information below to answer questions 1 through 5. Assume you gave up a $60,000 per year job at an accounting firm to start your own tax Jou run your own firm or work for another firm.
1. If your revenue during the first year of business is $75,000, and you incurred $5,000 in preparation business. To simplify, assume your tax personal obligations are the same whether expenses for equipment and supplies, how much is your accounting profit?
2. If your revenue during the first year of business is $75,000, and you incurred $5,000 in expenses for equipment and supplies, how much is your economic profit?
3. If your accounting profit is $60,000, much is your economic profit?
4. If your revenue during the first year of business is $60,000, and you incurred $5,000 in expenses for equipment and supplies, how much is your accounting profit?
5. If your revenue during the first year of business is $60,000, and you incurred $5,000 in expenses for equipment and supplies, how much is your economic profit?

Do you think a travel organization company might be able to get less expensive airline tickets then you as an individual could get? (no less then 25 words)

White company has two departments, cutting and finishing. the company uses a job-order costing system and computes a predetermined overhead rate in each department. the cutting department bases its rate on machine-hours, and the finishing department bases its rate on direct labor-hours. at the beginning of the year, the company made the following estimates: department cutting finishing direct labor-hours 6,000 30,000 machine-hours 48,000 5,000 total fixed manufacturing overhead cost $ 264,000 $ 366,000 variable manufacturing overhead per machine-hour $ 2.00 " variable manufacturing overhead per direct labor-hour " $ 4.00 required: 1. compute the predetermined overhead rate for each department. 2. the job cost sheet for job 203, which was started and completed during the year, showed the following: department cutting finishing direct labor-hours 6 20 machine-hours 80 4 direct materials $ 500 $ 310 direct labor cost $ 108 $ 360 using the predetermined overhead rates that you computed in requirement (1), compute the total manufacturing cost assigned to job 203. 3. would you expect substantially different amounts of overhead cost to be assigned to some jobs if the company used a plantwide predetermined overhead rate based on direct labor-hours, rather than using departmental rates?

When the national economy goes from bad to better, market research shows changes in the sales at various types of restaurants. projected 2011 sales at quick-service restaurants are $164.8 billion, which was 3% better than in 2010. projected 2011 sales at full-service restaurants are $184.2 billion, which was 1.2% better than in 2010. how will the dollar growth in quick-service restaurants sales compared to the dollar growth for full-service places?