On March 1, Wright Company purchased new equipment for $58,500 by paying cash. Other costs associated with the equipment were: transportation costs, $2,700; sales tax paid $4,700; and installation cost, $4,200. At what amount will the equipment be recorded on a balance sheet

Your sister is thinking about starting a new business. the company would require $375,000 of assets, and it would be financed entirely with common stock. she will go forward only if she thinks the firm can provide a 13.5% return on the invested capital, which means that the firm must have an roe of 13.5%. how much net income must be expected to warrant starting the business? a. $41,234b. $43,405c. $45,689d. $48,094e. $50,625