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  1. business
  2. accounting
  3. 1 ssume that 2 ) james and william invest $80,000

1 ssume that 2 ) James and William invest $80,000 cash to acquire 40,000 shares...

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Accounting

1 ssume that 2 ) James and William invest $80,000 cash to acquire 40,000 shares each of Designer Dress Ltd. ) $36,000 of the new capital is to be invested in new equipment that will depreciated over a three-year service life, with no salvage value. epreciation expense will be $1,000 per month. ) Sales are collected in the month following the sale and credit card company charges 2% administration fee. ) Inventory purchases are $20,000 per month and are paid for in the month following purchase. ) Rent is $12,000 quarterly and is paid on January 1 and April 1. ) Other cash costs are $9,000 per month. ) Inventory as at June 30 was $58,000. ) paid $5,000 dividends

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