Quint enterprises is considering a new three-year expansion project that requires an initial fixed asset investment of $2.58 million. the fixed asset is classified for taxes under the 3-year macrs schedule. for accounting, it will be depreciated straight-line to zero over the 3-year project life. at the end of the project, the fixed asset will be worthless. the project is estimated to generate $2,040,000 in annual sales and annual costs of $735,000. if the tax rate is 34 percent, what is the operating cash flow for this project? (do not round intermediate calculations. enter your answer in dollars, not millions of dollars, e. g. 1,234,567.89.)

Acompany using the perpetual inventory system purchased inventory worth $540,000 on account with credit terms of 2/15, n/45. defective inventory of $40,000 was returned 2 days later, and the accounts were appropriately adjusted. if the company paid the invoice 20 days later, the journal entry to record the payment would be

On june 1, 2017, blossom company was started with an initial investment in the company of $22,360 cash. here are the assets, liabilities, and common stock of the company at june 30, 2017, and the revenues and expenses for the month of june, its first month of operations: cash $4,960 notes payable $12,720 accounts receivable 4,340 accounts payable 840 service revenue 7,860 supplies expense 1,100 supplies 2,300 maintenance and repairs expense 700 advertising expense 400 utilities expense 200 equipment 26,360 salaries and wages expense 1,760 common stock 22,360 in june, the company issued no additional stock but paid dividends of $1,660. prepare an income statement for the month of june.

In our daily interactions we can find ourselves listening to other people solely for the purpose of finding weakness in their positions so that we can formulate a convincing response. select one: true false