At the beginning of 2016, a subsidiary sold equipment, carried on its books at $3,000,000, net, to its parent for $5,000,000. The equipment had a remaining life of 20 years and straight-line depreciation is used. It is now the end of 2019, and the parent still owns the equipment. On the 2019 consolidation working paper, eliminations (I):

reduce the parent’s investment account by $1,700,000.

reduce the subsidiary’s beginning retained earnings account by $1,600,000.

reduce depreciation expense by $100,000.

reduce net equipment by $2,000,000.

Suppose your rich uncle gave you $50,000, which you plan to use for graduate school. you will make the investment now, you expect to earn an annual return of 6%, and you will make 4 equal annual withdrawals, beginning 1 year from today. under these conditions, how large would each withdrawal be so there would be no funds remaining in the account after the 4th?

Technology corp. is considering a $238,160 investment in a new marketing campaign that it anticipates will provide annual cash flows of $52,000 for the next five years. the firm has a 6% cost of capital. what should the analysis indicate to the firm's managers?

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.