Transactions for fixed assets, including sale the following transactions and adjusting entries were completed by robinson furniture co. during a three-year period. all are related to the use of delivery equipment. the double-declining-balance method of depreciation is used.

year 1 jan. 8. purchased a used delivery truck for $38,400, paying cash. mar. 7. paid garage $170 for changing the oil, replacing the oil filter, and tuning the engine on the delivery truck. dec. 31. recorded depreciation on the truck for the fiscal year. the estimated useful life of the truck is 8 years, with a residual value of $8,100 for the truck. year 2 jan. 9. purchased a new truck for $44,100, paying cash. feb. 28. paid garage $320 to tune the engine and make other minor repairs on the used truck. apr. 30. sold the used truck for $25,300. (record depreciation to date in year 2 for the truck.) dec. 31. record depreciation for the new truck. it has an estimated trade-in value of $7,900 and an estimated life of 7 years. year 3 sept. 1. purchased a new truck for $96,000, paying cash. sept. 4. sold the truck purchased january 9, year 2, for $26,800. (record depreciation to date in year 3 for the truck.) dec. 31. recorded depreciation on the remaining truck. it has an estimated residual value of $17,300 and an estimated useful life of 10 years.

required: journalize the transactions and the adjusting entries. if an amount box does not require an entry, leave it blank. do not round intermediate calculations. round your final answers to the nearest cent.

Kumar consulting operates several stock investment portfolios that are used by firms for investment of pension plan assets. last year, one portfolio had a realized return of 12.6 percent and a beta coefficient of 1.15. the average t-bond rate was 7 percent and the realized rate of return on the s& p 500 was 12 percent. what was the portfolio's alpha?

When a shortage or a surplus arises in the loanable funds market a. the supply of loanable funds changes to return the economy to its original real interest rate b. the nominal interest rate is pulled to the new equilibrium level c. the demand for loanable funds changes to return the economy to its original real interest rate d. the real interest rate is pulled to the new equilibrium level

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.)