Reid’s Rides sells high quality BMX bikes for $485 each. Thecost to produce the bikes average $335.00 each.Accumulated d epreciation is $6,000 and depreciation expenses run$2,000 per year. Utilities average $1100 per month, Insurance is$2,475 per year, vehicle gas averages $85 per month, phone andinternet is $255 per month and rent is $2,000 per month . Vehiclelicense and other fees are $795 per year. In addition Reid has abudget for tools at $75 per month. Last year Reid sold 597 bikes.Part tim e help is $7,800 per year. Reid has the following assets,miscellaneous parts $8 955 , ( List the miscellaneous parts as aseparate item from the inventory of bikes) tools $4,600delivery/service truck $22,000, office equipment, display racks,computers, phones equal $17,000 with an inventory of 80 bikes. Thecompany has a five – year loan. The loan amount at the start ofyear was $55,000 with an Interest rate of 6.5%. Operating Cash is$10,000, Cash in savings of 30,000 for a total of $40,000 . Reidaverages $4,500 in accounts receivable and $2,0 00 in accountspayable . Reid ’ s tax rate is 24%.
Reid’s Rides sells high quality BMX bikes for $485 each. Thecost to produce the bikes average…
- In Sir Launfal, the hero undertakes a journey and undergoes tests?both common features of chivalric romance. Analyze in detail the role of one of the characters that Sir Launfal encounters (the Mayor, the Mayor?s daughter, Dame Tryamour) in relation to his journey and its goal. Remember that the romance hero?s journey is an inner voyage of self-discovery as well as a physical journey.
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