QUESTION 49 According to the article "What Takes to be rear the best people in any field A devote the most hours to deliberare practice OB.need about 6 years of hard work to become world-class O C art with some natural talent OD. none of these are true OE. A and B are true QUESTION SO Which account wit Never be included in a closing journal entry? O A Retained Earnings On Sales OC. Allowance for Doubtful Accounts OD.Cost of Sales OL. Interest expense QUESTION 51 You have noticed an ad stinga motel for sale Aer doing some research, you estimate that the 20 rooms can be rented for per day with an occupancy rate of 80 per year you have found a management company that will run the motel and take care of day housekeeping for 10% of the res You estimate that and maintenance costs $3,000 per month and at other can be 4.000 per month You plan to sell the motel at the end of the third year for 500 000 How much are annual net cash flows? to an exactly 20% on your investment? Ignoring taxes, how much would you pay for them OAS 211.360 OB. none of the listed choices OC 776.703 OD$487356 OE $289,360 QUESTION 52 You have noticed an ad listing a motel for sale. Aber doing some research, you estimate that the 20 rooms can be rented for 60 per day with an occupancy rate of 80% per year. You have found a management company that will run the matel and take care of daily housekeeping for 10% of the rents. You estimate that repairs and maintenance costs will be 53.000 per month and that other cash expenses will be 4.000 per month You plan to set the motel at the end of the third year for $500,000. How much are annual net cash flows? What would be the annual net cash flows for the motel? O AS 231,360 OB. 58,948 OC. $ 119,040 O D.5 262,336 O E none of the listed choices QUESTION 53 pared the following estimates for next year. Al projections are on a per Jetson's Dynamics makes scooters. The company has three models of scooters, the Astre, the Eroy and the Rosie. The controller basis) Selling Price Variable Costs $150 Sales Mix 50% Estimated Sales are $ 60.000.000 Estimated fixed costs are 5 18 000 000 What will happen to total profit Jetson drops Rosie? O A The Fixed Costs will increase by $2.400.000 OB. none of the listed choices OC. Profits wil decrease by 10,000,000 OD. The Fixed costs will decrease by 12,400,000 O E. Profits will decrease by 52,400,000