Presented below are selected ledger accounts of Swifty Corporation as of December 31, 2020. Cash $42,000 Administrative expenses 84,000 Selling expenses 67,200 Net sales 453,600 Cost of goods sold 176,400 Cash dividends declared (2020) 16,800 Cash dividends paid (2020) 12,600 Discontinued operations (loss before income taxes) 33,600 Depreciation expense, not recorded in 2019 25,200 Retained earnings, December 31, 2019 75,600 Effective tax rate 20% Compute net income for 2020.

You wish to buy a cabin in 15 years. today, the cabin costs $150,000. you believe the price of the cabin will inflate at 4% annually. you want to invest a single amount of money (lump sum) today and have the money grow to equal the future purchase price of the cabin 15 years from now. if you can earn 10% annually on your investments, how much do you need to invest now, in order to be able to purchase the cabin?

Your debit card is stolen, and you report it to your bank within two business days. how much money can you lose at most? a. $500 b. $25 c. $50 d. $150

Yowell company granted a sales discount of $360 to a customer when it collected the amount due on account. yowell uses the perpetual inventory system. which of the following answers reflects the effects on the financial statements of only the discount? assets = liab. + equity rev. − exp. = net inc. cash flow a. (360 ) = na + (360 ) (360 ) − na = (360 ) (360 ) oa b. na = (360 ) + 360 360 − na = 360 na c. (360 ) = na + (360 ) (360 ) − na = (360 ) na d. na = (360 ) + 360 360 − na = 360 na