Pelican cove corporation is trying to decide whether to invest in equipment to manufacture a new product. if the investment project is accepted, sales revenue will increase by $65,000 per year and materials costs will increase by $18,000 per year. the equipment will cost $140,000 and is depreciable over 10 years using simplified straight line. the firm has a marginal tax rate of 34%. calculate the firm's annual cash flows resulting from the new project.

Which type of data is generally stored in different file formats, such as text files, spreadsheets, and so on?

When the federal reserve buys and sells bonds to member banks, it is called a. monetary policy b. reserve ratio c. interest rate adjustment d. open market operations

Walsh company manufactures and sells one product. the following information pertains to each of the company’s first two years of operations: variable costs per unit: manufacturing: direct materials $ 25 direct labor $ 12 variable manufacturing overhead $ 5 variable selling and administrative $ 4 fixed costs per year: fixed manufacturing overhead $ 400,000 fixed selling and administrative expenses $ 60,000 during its first year of operations, walsh produced 50,000 units and sold 40,000 units. during its second year of operations, it produced 40,000 units and sold 50,000 units. the selling price of the company’s product is $83 per unit. required: 1. assume the company uses variable costing: a. compute the unit product cost for year 1 and year 2. b. prepare an income statement for year 1 and year 2. 2. assume the company uses absorption costing: a. compute the unit product cost for year 1 and year 2. b. prepare an income statement for year 1 and year 2. 3. reconcile the difference between variable costing and absorption costing net operating income in year 1.