at the beginning of the year, an audio engineer quit his job and gave up a salary of $175,000 per year to start his own business sound devices, inc. the new company builds, installs and maintains cus

Project Description:

at the beginning of the year, an audio engineer quit his job and gave up a salary of $175,000 per year to start his own business sound devices, inc. the new company builds, installs and maintains custom audio equipment for businesses that require high-quality audio systems. a partial income statement for the first year of operation for sound devices inc. is shown below:
attachment

to get started the owner of sound devices, inc. spent $100,000 of his personal savings to pay for some of the capital equipment used in the business. during the first year of operation, the owner of sound devices, inc. could have earned a 15% return by investing in stocks of other new businesses with risk level similar to the risk level at sound devices, inc.
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Price Type: Fixed

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