As of december 31, 2016, westport had $9,500,000 in 4.5 percent serial bonds outstanding. the serial bonds pay interest semiannually on july1 and december 31, with $500,000 in bonds being retired on each interest payment date. resources for payment of principal and interest are transferred from the general fund. prepare debt service fund and government-wide entries in general journal form to reflect, as necessary, the following information and transactions for fy 2017. (if no entry is required for a transaction/event, select "no journal entry required" in the first account ) the operating budget for fy 2017 consists of other financing sources (transfers from the general fund) equal to estimated principal and interest payments. appropriations also must be provided for interest payments and bond redemptions on january 1 and july 1.(2) cash was received from the general fund and checks were written and mailed for the july 1 principal and interest payments.

Cardinal company is considering a project that would require a $2,725,000 investment in equipment with a useful life of five years. at the end of five years, the project would terminate and the equipment would be sold for its salvage value of $400,000. the company’s discount rate is 14%. the project would provide net operating income each year as follows: sales $2,867,000 variable expenses 1,125,000 contribution margin 1,742,000 fixed expenses: advertising, salaries, and other fixed out-of-pocket costs $706,000 depreciation 465,000 total fixed expenses 1,171,000 net operating income $571,000 1. which item(s) in the income statement shown above will not affect cash flows? (you may select more than one answer. single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. any boxes left with a question mark will be automatically graded as incorrect.) (a)sales (b)variable expenses (c) advertising, salaries, and other fixed out-of-pocket costs expenses (d) depreciation expense 2. what are the project’s annual net cash inflows? 3.what is the present value of the project’s annual net cash inflows? (use the appropriate table to determine the discount factor(s) and final answer to the nearest dollar amount.) 4.what is the present value of the equipment’s salvage value at the end of five years? (use the appropriate table to determine the discount factor(s) and final answer to the nearest dollar amount.) 5.what is the project’s net present value? (use the appropriate table to determine the discount factor(s) and final answer to the nearest dollar amount.)