On may 1, marcus corporation's retained earnings account had a credit balance of $282,000. during the month, marcus generated revenues of $40,000, incurred expenses of $24,000. at the end of the month, it also purchased equipment for $10,000 in exchange for a $10,000 note and it paid dividends of $4,000. what is the balance in retained earnings at the end of may?

Quick computing currently sells 12 million computer chips each year at a price of $19 per chip. it is about to introduce a new chip, and it forecasts annual sales of 22 million of these improved chips at a price of $24 each. however, demand for the old chip will decrease, and sales of the old chip are expected to fall to 6 million per year. the old chips cost $10 each to manufacture, and the new ones will cost $14 each. what is the proper cash flow to use to evaluate the present value of the introduction of the new chip? (enter your answer in millions.)

You cannot make copies of media, even as a personal backup, without violating copyright. true

Juniper company, inc. uses a perpetual inventory system. the company purchased $9,750 of merchandise on august 7 with terms 1/10, n/30. on august 11, it returned $1,500 worth of merchandise. on august 16, it paid the full amount due. the correct journal entry to record the payment on august 16 is: