Dan watson started a small merchandising business in 2018. the business experienced the following events during its operation. assume that watson uses the perpetual inventory system.1 acquired $32.500 cash from the issue of common stock. 2 purchased inventory for $26,000 cash. 3. sold inventory costing $17100 for $29,000 cashrequired: a. record these transactions in a financial statements model, assuming green uses the fifo cost flow assumption and keeps perpetual records. (in the cash flow column, use the initials oa to designate operating activity, ia for investing activity, fa for financing activity, and nc for net change in cash. b. prepare an income statement for 2018. c. what is the amount of total assets at the end of the period?

Oakmont company has an opportunity to manufacture and sell a new product for a four-year period. the company’s discount rate is 18%. after careful study, oakmont estimated the following costs and revenues for the new product: cost of equipment needed $ 230,000 working capital needed $ 84,000 overhaul of the equipment in year two $ 9,000 salvage value of the equipment in four years $ 12,000 annual revenues and costs: sales revenues $ 400,000 variable expenses $ 195,000 fixed out-of-pocket operating costs $ 85,000 when the project concludes in four years the working capital will be released for investment elsewhere within the company. click here to view exhibit 12b-1 and exhibit 12b-2, to determine the appropriate discount factor(s) using tables.

Which of the following would be an accurate statement about achieving a balanced budget

On january 2, 2018, bering co. disposes of a machine costing $34,100 with accumulated depreciation of $18,369. prepare the entries to record the disposal under each of the following separate assumptions. exercise 8-24a part 2 2. the machine is traded in for a newer machine having a $50,600 cash price. a $16,238 trade-in allowance is received, and the balance is paid in cash. assume the asset exchange has commercial substance.