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 B?
A) $100,000
B) $31,250
C) $85,000
D) $75,000
Correct Answer:
Verified
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