Upton, inc. income statement for years ended december 31, 2019 and 2018 2019. 2018 sales $ 900 $ 800 less cost of goods sold 470. 440 gross profit $ 430 $ 360 operating expenses: wage expense $ 95 $ 90 rent expense 35 30 misc expense 20 15 depreciation expense 25 20 total operating expense $ 175 $ 155 operating income $ 255 $ 205 less other expenses: interest expense 15 10 income before tax $ 240 $ 195 less income tax expense 110 85 net income $ 130 $ 110 if a common size income statement were prepared, what percentage would be attributable to the 2018 wage expense of upton, inc.?

Cardinal company is considering a project that would require a $2,725,000 investment in equipment with a useful life of five years. at the end of five years, the project would terminate and the equipment would be sold for its salvage value of $400,000. the company’s discount rate is 14%. the project would provide net operating income each year as follows: sales $2,867,000 variable expenses 1,125,000 contribution margin 1,742,000 fixed expenses: advertising, salaries, and other fixed out-of-pocket costs $706,000 depreciation 465,000 total fixed expenses 1,171,000 net operating income $571,000 1. which item(s) in the income statement shown above will not affect cash flows? (you may select more than one answer. single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. any boxes left with a question mark will be automatically graded as incorrect.) (a)sales (b)variable expenses (c) advertising, salaries, and other fixed out-of-pocket costs expenses (d) depreciation expense 2. what are the project’s annual net cash inflows? 3.what is the present value of the project’s annual net cash inflows? (use the appropriate table to determine the discount factor(s) and final answer to the nearest dollar amount.) 4.what is the present value of the equipment’s salvage value at the end of five years? (use the appropriate table to determine the discount factor(s) and final answer to the nearest dollar amount.) 5.what is the project’s net present value? (use the appropriate table to determine the discount factor(s) and final answer to the nearest dollar amount.)