Accounts receivable $275,000advertising expenses 54,000cash 260,000depreciation—factory equipment 16,800depreciation—office equipment 2,400direct labor 42,000factory supplies used 16,800factory utilities 10,200finished goods inventory, november 1 72,550finished goods inventory, november 30 68,800indirect labor 48,000office supplies expense 1,600other administrative expenses 72,000prepaid expenses 41,250raw materials inventory, november 1 38,000raw materials inventory, november 30 52,700raw materials purchases 184,500rent—factory equipment 47,000repairs—factory equipment 4,500salaries 325,000sales revenue 1,350,000sales commissions 40,500work in process inventory, november 1 52,700work in process inventory, november 30 42,000
a list of accounts and their values are given above. from this information, prepare an income statement, and the current assets section of the balance sheet for waterways corporation for the month of november 2016.

Moody farms just paid a dividend of $3.95 on its stock. the growth rate in dividends is expected to be a constant 5 percent per year indefinitely. investors require a return of 14 percent for the first three years, a return of 12 percent for the next three years, and a return of 10 percent thereafter. what is the current share price?

Who is better at multi-tasking? in business, employees are often asked to perform a complex task when their atten-tion is divided (i.e., multi-tasking). human factors (may 2014) published a study designed to determine whether video game players are better than non–video game play-ers at multi-tasking. each in a sample of 60 college stu-dents was classified as a video game player or a non-player. participants entered a street crossing simulator and were asked to cross a busy street at an unsigned intersec-tion. the simulator was designed to have cars traveling at various high rates of speed in both directions. during the crossing, the students also performed a memory task as a distraction. two variables were measured for each student: (1) a street crossing performance score (measured out of 100 points) and (2) a memory task score (measured out of 20 points). the researchers found no differences in either the street crossing performance or memory task score of video game players and non-gamers. “these results,” say the researchers, “suggest that action video game players [and non-gamers] are equally susceptible to the costs of dividing attention in a complex task”

You meet that special person and get married. amazingly your spouse has exactly the same income you do 47,810. if your tax status is now married filing jointly what is your tax liability