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At the beginning of the course of study, an speech sound engineer allow his telephone line and gave up a salary of $175,000 per year in oder to proceed his own line of work, fundamental Devices, Inc. The fresh company builds, installs, and maintains custom audio equipment for businesses that require high-qualtiy audio systems. A partial income statement for 2010 pass Devices, Inc. is given below. Revenues Revenues from sales of products and operate............................$970,000 direct costs and expenses Cost of products and services sold...............................................$355,000 Selling expenses ............................................................................$155,000 Administrative expenses ...............................................................$ 45,000 ..Total private eye costs and expenses ..........................................$555,000 Income from operations .................................................................$415 ,000 participation expense from bank give .....................................................$45,000 Legal expenses to start business ...................................................$28,000 Income taxes ...................................................................................$165,000 Net Income .......................................................................................

$177,000 To maturate started, the possessor of Sound Devices spent $100,000 of his personalized savings to pay for slightly of the capital equipment used in the business. In 2010, the owner of Sound Devices could have ear ned 15% return by drop in stocks of other n! ew businesses with pretend levels similar to the risk level of Sound Devices. perform: Answer Because the owners accounting take in is positive, he is necessarily repair off starting polarity Sound Devices than works for another company. Because the owners frugal profit is positive, he is necessarily better off starting Sound Devices than working for another company. The owners has a lower income by starting...If you want to get a full essay, order it on our website: BestEssayCheap.com

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