Solved

Happy Nails Is a Locally Owned Nail Salon That Is

Question 41

Multiple Choice

  Happy Nails is a locally owned nail salon that is in its first year of business. The nail salon employs 8 nail technicians that are $31,250 each and the owner's is paid $75,000. If the owner did not own Happy Nails, she would work for a competitor for $85 the beginning of the year, the building and the salon equipment are worth $100,000 and at the end of the year, they are worth The accountant for Happy Nails uses straight- line depreciation for the 15- year life of the building and salon equipment. The table above provides some additional information on revenue and the opportunity cost of using the building and equipment. -Refer to the table above. What is the value of A? A) $62,500 B) $250,000 C) $312,500 D) $31,250 Happy Nails is a locally owned nail salon that is in its first year of business. The nail salon employs 8 nail technicians that are
$31,250 each and the owner's is paid $75,000. If the owner did not own Happy Nails, she would work for a competitor for $85 the beginning of the year, the building and the salon equipment are worth $100,000 and at the end of the year, they are worth The accountant for Happy Nails uses straight- line depreciation for the 15- year life of the building and salon equipment. The table above provides some additional information on revenue and the opportunity cost of using the building and equipment.
-Refer to the table above. What is the value of A?


A) $62,500
B) $250,000
C) $312,500
D) $31,250

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents