Portions of the financial statements for a company are provided below. income statement for the year ended december 31, year 2 net sales $ 1,600,000 expenses: cost of goods sold $ 970,000 operating expenses 480,000 depreciation expense 42,000 income tax expense 32,000 total expenses 1,524,000 net income $ 76,000 selected balance sheet data december 31 year 2 year 1 increase (i) or decrease (d) cash $ 94,000 $ 81,000 $ 13,000 (i) accounts receivable 46,800 53,000 6,200 (d) inventory 67,000 51,000 16,000 (i) prepaid rent 2,200 3,400 1,200 (d) accounts payable 37,000 33,000 4,000 (i) income tax payable 4,200 6,000 1,800 (d) required: prepare the operating activities section of the statement of cash flows for the company using the indirect method.

Jack should consider job enrichment when designing the new commercial cleaner jobs so that

The balance sheet contains the following major sections: current assets long-term investments property, plant, and equipment intangible assets other assets current liabilities long-term liabilities contributed capital retained earnings accumulated other comprehensive income required: the following is a list of accounts. using the letters a through j, indicate in which section of the balance sheet each of the accounts would be classified. if an account does not belong under one of the sections listed, select "not under any of the choices" from the classification drop down box. for all accounts, indicate if the account is a contra account or an account that would normally be deducted on the balance sheet by selecting "yes" from the second drop down box, otherwise select "no". account classification contra or deducted (yes/no) 1. cash 2. bonds payable (due in 8 years) 3. machinery 4. deficit 5. unexpired insurance 6. franchise (net) 7. fund to retire preferred stock 8. current portion of mortgage payable 9. accumulated depreciation 10. copyrights 11. investment in held-to-maturity bonds 12. allowance for doubtful accounts 13. notes receivable (due in 3 years) 14. property taxes payable 15. deferred taxes payable 16. additional paid-in capital on preferred stock 17. premium on bonds payable (due in 8 years) 18. work in process 19. common stock, $1 par 20. land 21. treasury stock (at cost) 22. unrealized increase in value of available-for-sale securities

(a) what do you think will happen if the price of non-gm crops continues to rise? why? (b) what will happen if the price of non-gm food drops? why?