The following information is available for birch company at december 31: money market fund balance $ 2,920certificate of deposit maturing june 30 of next year $ 16,300postdated checks from customers $ 1,800cash in bank account $ 23,731nsf checks from customers returned by bank $ 780cash in petty cash fund $ 330inventory of postage stamps $ 31u. s. treasury bill purchased on december 15 and maturing on february 28 of following year $ 11,300based on this information, birch company should report cash and cash equivalents on december 31 of: a. $39,420b. $38,770c. $41,345d. $31,345e. $29,420

Rolston music company is considering the sale of a new sound board used in recording studios. the new board would sell for $27,200, and the company expects to sell 1,570 per year. the company currently sells 2,070 units of its existing model per year. if the new model is introduced, sales of the existing model will fall to 1,890 units per year. the old board retails for $23,100. variable costs are 57 percent of sales, depreciation on the equipment to produce the new board will be $1,520,000 per year, and fixed costs are $1,420,000 per year.if the tax rate is 35 percent, what is the annual ocf for the project?