In the dorben company a materials handling operation in the warehouse is being done by hand labor. annual disbursements for this labor and for closely related expenses (social security, accident insurance, and other fringe benefits), are $8,200. the methods analyst is considering a proposal to build certain equipment to reduce this labor cost. the first cost of this equipment will be $15,000. it is estimated that the equipment will reduce annual disbursements for labor and labor extras to $3,300. annual payments for power, maintenance, and property taxes and insurance are estimated to be $400, $1,100, and $300, respectively. the need for this particular operation is anticipated to continue for 10 years. because the equipment is specially designed for the particular purpose, it will have no salvage value. it is assumed that the annual disbursements for labor, power, and maintenance will be uniform throughout the 10 years. the minimum rate of return before income taxes is 10 percent. based on annual cost comparison, should the company proceed with the new material handling equipment?

Presented below is a list of possible transactions. analyze the effect of the 18 transactions on the financial statement categories indicated. transactions assets liabilities owners’ equity net income 1. purchased inventory for $80,000 on account (assume perpetual system is used). 2. issued an $80,000 note payable in payment on account (see item 1 above). 3. recorded accrued interest on the note from item 2 above. 4. borrowed $100,000 from the bank by signing a 6-month, $112,000, zero-interest-bearing note. 5. recognized 4 months’ interest expense on the note from item 4 above. 6. recorded cash sales of $75,260, which includes 6% sales tax. 7. recorded wage expense of $35,000. the cash paid was $25,000; the difference was due to various amounts withheld. 8. recorded employer’s payroll taxes. 9. accrued accumulated vacation pay. 10. recorded an asset retirement obligation. 11. recorded bonuses due to employees. 12. recorded a contingent loss on a lawsuit that the company will probably lose. 13. accrued warranty expense (assume expense warranty approach). 14. paid warranty costs that were accrued in item 13 above. 15. recorded sales of product and related service-type warranties. 16. paid warranty costs under contracts from item 15 above. 17. recognized warranty revenue (see item 15 above). 18. recorded estimated liability for premium claims outstanding.

Darlene has a balance of 3980 on a credit card with an apr of 22.8% paying off her balance and which of these lengths of time will result in her paying the least amount of interest?

mary's baskets company expects to manufacture and sell 30,000 baskets in 2019 for $5 each. there are 4,000 baskets in beginning finished goods inventory with target ending inventory of 4,000 baskets. the company keeps no work-in-process inventory. what amount of sales revenue will be reported on the 2019 budgeted income statement?