Two mutually exclusive projects have 3-year lives and a required rate of return of 10.5 percent. project a costs $75,000 and has cash flows of $18,500, $42,900, and $28,600 for years 1 to 3, respectively. project b costs $72,000 and has cash flows of $22,000, $38,000, and $26,500 for years 1 to 3, respectively. using the irr, which project, or projects, if either, should be accepted?

Presented below is information for annie company for the month of march 2018. cost of goods sold $245,000 rent expense $ 36,000 freight-out 7,000 sales discounts 8,000 insurance expense 5,000 sales returns and allowances 11,000 salaries and wages expense 63,000 sales revenue 410,000 instructions prepare the income statement.

The following are line items from the horizontal analysis of an income statement:increase/ (decrease) increase/ (decrease) 2017 2016 amount percent fees earned $120,000 $100,000 $20,000 20% wages expense 50,000 40,000 10,000 25 supplies expense 2,000 1,700 300 15 which of the items is stated incorrectly? a. fees earned b. supplies expense c. none of these choices are correct. d. wages expense

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