On may 1, year 1, benz’s sandwich shop loaned $18,000 to mark henry for one year at 9 percent interest. required a. what is benz’s interest income for year 1? b. what is benz’s total amount of receivables at december 31, year 1? c. how will the loan and interest be reported on benz’s year 1 statement of cash flows? d. what is benz’s interest income for year 2? e. what is the total amount of cash that benz’s will collect in year 2 from mark henry? f. how will the loan and interest be reported on benz’s year 2 statement of cash flows? g. what is the total amount of interest that benz’s earned on the loan to mark henry?

Lambert manufacturing has $100,000 to invest in either project a or project b. the following data are available on these projects (ignore income taxes.): project a project b cost of equipment needed now $100,000 $60,000 working capital investment needed now - $40,000 annual cash operating inflows $40,000 $35,000 salvage value of equipment in 6 years $10,000 - both projects will have a useful life of 6 years and the total cost approach to net present value analysis. at the end of 6 years, the working capital investment will be released for use elsewhere. lambert's required rate of return is 14%. the net present value of project b is:

Slimwood corporation made sales of $ 725 million during 2018. of this amount, slimwood collected cash for $ 670 million. the company's cost of goods sold was $ 300 million, and all other expenses for the year totaled $ 400 million. also during 2018, slimwood paid $ 420 million for its inventory and $ 285 million for everything else. beginning cash was $ 110 million. carter's top management is interviewing you for a job and they ask two questions: (a) how much was carter's net income for 2018? (b) how much was carter's cash balance at the end of 2016? you will get the job only if you answer both questions correctly.

> > objectives define federalism and explain why the framers adopted a federal system instead of a unitary system. categorize powers delegated to and denied to the national government, and powers reserved for and denied to the states, and the difference between exclusive and concurrent powers.