R. t. jackson started jackson company on january 1, 2014. the company experienced the following events during its first year of operation: 1.earned $3,000 of cash revenue for performing services.2.borrowed $4,800 cash from the bank.3.adjusted the accounting records to recognize accrued interest expense on the bank note. the note, issued on august 1, 2014, had a one-year term and a 6 percent annual interest rate. requireda. what is the amount of interest expense in 2013? b. what amount of cash was paid for interest in 2013?

The martinez legal firm (mlf) recently acquired a smaller competitor, miller and associates, which specializes in issues not previously covered by mlf, such as land use and intellectual property cases. given the increase in the firm's size and complexity, it is likely that its internal transaction costs willa. decrease. b. increase. c. become external transaction costs. d. be eliminated.

Xinhong company is considering replacing one of its manufacturing machines. the machine has a book value of $39,000 and a remaining useful life of 5 years, at which time its salvage value will be zero. it has a current market value of $49,000. variable manufacturing costs are $33,300 per year for this machine. information on two alternative replacement machines follows. alternative a alternative b cost $ 115,000 $ 117,000 variable manufacturing costs per year 22,900 10,100 1. calculate the total change in net income if alternative a and b is adopted. 2. should xinhong keep or replace its manufacturing machine

Acontinental polar air mass foms where