Following are several transactions involving a university.

in the current fiscal year, the university was notified by the federal government that next fiscal year it would receive a $580,000 grant for wetlands research.

the university received a $600,000 endowment.

for the fiscal year, the university recorded $2,900,000 in tuition and fees revenue. cash refunds of $378,000 were given.

the university provided $14,700 in tuition waivers for students with outstanding academic performance.

during the year, the university constructed a new street, to allow for the expansion of its student housing efforts. the cost of the street was $2,375,000.

the biology department spent $30,000 on wetlands research.

at year-end, $2,000 of estimated uncollectible tuition and fees was recorded.

required:

prepare journal entries to record the foregoing transactions, assuming the university is a private institution.
prepare journal entries to record the foregoing transactions, assuming the university is a public institution.

Amajor advantage of case studies is

Cardinal company is considering a project that would require a $2,725,000 investment in equipment with a useful life of five years. at the end of five years, the project would terminate and the equipment would be sold for its salvage value of $400,000. the company’s discount rate is 14%. the project would provide net operating income each year as follows: sales $2,867,000 variable expenses 1,125,000 contribution margin 1,742,000 fixed expenses: advertising, salaries, and other fixed out-of-pocket costs $706,000 depreciation 465,000 total fixed expenses 1,171,000 net operating income $571,000 1. which item(s) in the income statement shown above will not affect cash flows? (you may select more than one answer. single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. any boxes left with a question mark will be automatically graded as incorrect.) (a)sales (b)variable expenses (c) advertising, salaries, and other fixed out-of-pocket costs expenses (d) depreciation expense 2. what are the project’s annual net cash inflows? 3.what is the present value of the project’s annual net cash inflows? (use the appropriate table to determine the discount factor(s) and final answer to the nearest dollar amount.) 4.what is the present value of the equipment’s salvage value at the end of five years? (use the appropriate table to determine the discount factor(s) and final answer to the nearest dollar amount.) 5.what is the project’s net present value? (use the appropriate table to determine the discount factor(s) and final answer to the nearest dollar amount.)

After the price floor is instituted, the chairman of productions office buys up any barrels of gosum berries that the producers are not able to sell. with the price floor, the producers sell 300 barrels per month to consumers, but the producers, at this high price floor, produce 700 barrels per month. how much producer surplus is created with the price floor? show your calculations.