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23 Dec 2017
To answer question 21, use the following information for Fred's Fabulous Franks, a hot dog stand that has been a downtown institution for 50 years. Cost of Supplies and other materials: $10,000 Rent: $ 20,000 Wages Paid: $ 25,000 Interest on a $10,000 bank loan: $ 1,000 Fred's salary offer from a competitor; $ 20,000 21. What is the total accounting cost of running Fred's Franks! a. $ 11,000. b. $ 36,000. c. $ 56,000. d. $ 76,000. e. None of the above.
To answer question 21, use the following information for Fred's Fabulous Franks, a hot dog stand that has been a downtown institution for 50 years. Cost of Supplies and other materials: $10,000 Rent: $ 20,000 Wages Paid: $ 25,000 Interest on a $10,000 bank loan: $ 1,000 Fred's salary offer from a competitor; $ 20,000 21. What is the total accounting cost of running Fred's Franks! a. $ 11,000. b. $ 36,000. c. $ 56,000. d. $ 76,000. e. None of the above.
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