The following selected transactions apply to topeca supply for november and december year 1. november was the first month of operations. sales tax is collected at the time of sale but is not paid to the state sales tax agency until the following month. 1. cash sales for november year 1 were $165,000, plus sales tax of 7 percent. 2. тореса supply paid the november sales tax to the state agency on december 10, year 1. 3. cash sales for december year 1 were $180,000, plus sales tax of 7 percent.

Larissa has also provided the following information. during the year, the company raised $36 million in new long-term debt and retired $20.52 million in long-term debt. the company also sold $22 million in new stock and repurchased $32.4 million. the company purchased $54 million in fixed assets, and sold $6,107,400 in fixed assets. larissa has asked dan to prepare the financial statement of cash flows and the accounting statement of cash flows. she has also asked you to answer the following questions: 1. how would you describe east coast yachts' cash flows? 2. which cash flows statement more accurately describes the cash flows at the company? 3. in light of your previous answers, comment on larissa's expansion plans.

You need $87,000 in 12 years. required: if you can earn .54 percent per month, how much will you have to deposit today?

Which of the statements is true about the values recorded in the balance sheet of a firm?