Cannon sporting goods is one of the world's leading manufacturers of athletic shoes and sports apparel. the following activities occurred during a recent year. the amounts are rounded to millions, except for par value. a. purchased additional buildings for $174 and equipment for $260; paid $404 in cash and signed a long-term note for the rest. b. issued 90 shares of $2 par value common stock for $340 cash. c. declared $145 in dividends to be paid in the following year d. purchased additional short-term investments for $7,716 cash. e. several cannon sporting goods investors sold their own stock to other investors on the stock exchange for $90. f. sold $4,313 in short-term investments for $4,313 in cash. required: for each of the events (a) through (a. perform transaction analysis and indicate the account, amount, and direction of the effect (+ for increase and for decrease) on the accounting equation. check that the accounting equation remains in balance after each transaction. (if no impact on the accounting equation leave cells blank. enter your answers in millions.) event assets liabilities stockholders' equity buildings equipment notes payable (long-term) 174 30 260 cash (404) cash b 340 common stock 180 c. dividends payable 145 short-lerm investments d 7,716 cash (7,716) short-term investments f. (4,313) cash 4,313

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.)