Abrilliant young scientist is killed in a plane crash. it is anticipated that he could have earned $370,000 a year for the next 40 years. the attorney for the plaintiff’s estate argues that the lost income should be discounted back to the present at 5 percent. the lawyer for the defendant’s insurance company argues for a discount rate of 11 percent.

what is the difference between the present value of the settlement at 5 percent and 11 percent? compute each one separately. use appendix d for an approximate answer but calculate your final answer using the formula and financial calculator methods. (do not round intermediate calculations. round your answers to 2 decimal places.)

Chance company had two operating divisions, one manufacturing farm equipment and the other office supplies. both divisions are considered separate components as defined by generally accepted accounting principles. the farm equipment component had been unprofitable, and on september 1, 2018, the company adopted a plan to sell the assets of the division. the actual sale was completed on december 15, 2018, at a price of $600,000. the book value of the division’s assets was $1,000,000, resulting in a before-tax loss of $400,000 on the sale. the division incurred a before-tax operating loss from operations of $130,000 from the beginning of the year through december 15. the income tax rate is 40%. chance’s after-tax income from its continuing operations is $350,000. required: prepare an income statement for 2018 beginning with income from continuing operations. include appropriate eps disclosures assuming that 100,000 shares of common stock were outstanding throughout the year. (amounts to be deducted should be indicated with a minus sign. round eps answers to 2 decimal places.)

What should a food worker use to retrieve ice from an ice machine?

Margaret company reported the following information for the current year: net sales $3,000,000 purchases $1,957,000 beginning inventory $245,000 ending inventory $115,000 cost of goods sold 65% of sales industry averages available are: inventory turnover 5.29 gross profit percentage 28% how do the inventory turnover and gross profit percentage for margaret company compare to the industry averages for the same ratios? (round inventory turnover to two decimal places. round gross profit percentage to the nearest percent.)