The tax cuts and jobs act allows firms to immediately deduct the full cost of many assets rather than depreciating that cost over several years using the macrs rules. suppose a firm buys a new assets and immediately deducts its full cost. the firm will have
a. higher profits and higher cash flows than it would have had under the macrs system
b. higher profits and lower cash flows than it would have had under the macrs system
c. lower profits and lower cash flows than it would have had under the macrs system
d. lower profits and higher cash flows than it would have had under the macrs system

You have just been hired as a financial analyst for barrington industries. unfortunately, company headquarters (where all of the firm's records are kept) has been destroyed by fire. so, your first job will be to recreate the firm's cash flow statement for the year just ended. the firm had $100,000 in the bank at the end of the prior year, and its working capital accounts except cash remained constant during the year. it earned $5 million in net income during the year but paid $800,000 in dividends to common shareholders. throughout the year, the firm purchased $5.5 million of machinery that was needed for a new project. you have just spoken to the firm's accountants and learned that annual depreciation expense for the year is $450,000; however, the purchase price for the machinery represents additions to property, plant, and equipment before depreciation. finally, you have determined that the only financing done by the firm was to issue long-term debt of $1 million at a 6% interest rate. what was the firm's end- of-year cash balance? recreate the firm's cash flow statement to arrive at your answer

%of the world's population controls approximately % of the world's finances (the sum of gross domestic products)" quizlket

On january 1, 2017, sophie's sunlounge owned 4 tanning beds valued at $20,000. during 2017, sophie's bought 3 new beds at a total cost of $14 comma 000, and at the end of the year the market value of all of sophie's beds was $24 comma 000. what was sophie's net investment