Listed below are eight interbank cash transfers for Steven Smith Co. indicated by the letters a through h, for late December 20X1 and early January 20X2. Disbursing Bank (Month/Day) Receiving Bank (Month/Day) Amount Per Bank Per Books Per Bank Per Books a. 12/29 12/29 12/29 12/29 52,000 b. 1/02 12/30 12/31 12/30 6,000 c. 1/04 12/31 1/02 1/020 24,000 d. 1/04 12/31 1/02 12/31 44,000 e. 1/04 1/01 1/03 1/01 15,600 f. 1/02 1/01 12/31 12/31 76,000 g. 1/03 1/02 12/31 1/02 42,000 h. 12/31 1/03 12/30 1/03 10,000 For each of the transfers a through h, (1) indicate whether cash is understated, overstated, or correct as a result of the transfer, (2) provide a brief example of what could cause the situation. Answer in the form provided below.

Last year, western corporation had sales of $5 million, cost of goods sold of $3 million, operating expenses of $175,000 and depreciation of $125,000. the firm received $40,000 in dividend income and paid $200,000 in interest on loans. also, western sold stock during the year, receiving a $40,000 gain on stock owned 6 years, but losing $60,000 on stock owned 4 years. what is the firm's tax liability?

The cost of the beginning work in process inventory was comprised of $3,000 of direct materials, $10,000 of direct labor, and $10,000 of factory overhead. costs incurred during the period were comprised of $15,000 of direct materials costs, and $100,000 of conversion costs. the equivalent units of production (eup) for the period were 9,000 for direct materials and 6,000 for conversion. the costs per eup were:

You are working on a bid to build two city parks a year for the next three years. this project requires the purchase of $249,000 of equipment that will be depreciated using straight-line depreciation to a zero book value over the three-year project life. ignore bonus depreciation. the equipment can be sold at the end of the project for $115,000. you will also need $18.000 in net working capital for the duration of the project. the fixed costs will be $37000 a year and the variable costs will be $148,000 per park. your required rate of return is 14 percent and your tax rate is 21 percent. what is the minimal amount you should bid per park? (round your answer to the nearest $100) (a) $214,300 (b) $214,100 (c) $212,500 (d) $208,200 (e) $208,400