Christopher Porter is the sole owner and operator of Quatty Company. As of the end of its accounting period, December 31,2013, Quatty Company assets of $925,000 and Liabilities of $285,000. During 2014, Christopher Porter invested an additional $50,000 and paid dividend of $30,000 from the business. What is the amount of NET INCOME during 2014, assuming that as of December 31,2014 assets were $980,000, and liabilities were $225,000

Aproduction line has three machines a, b, and c, with reliabilities of .96, .86, and .85, respectively. the machines are arranged so that if one breaks down, the others must shut down. engineers are weighing two alternative designs for increasing the line’s reliability. plan 1 involves adding an identical backup line, and plan 2 involves providing a backup for each machine. in either case, three machines (a, b, and c) would be used with reliabilities equal to the original three. a. compute overall system reliability under plan 1. (round your intermediate calculations and final answer to 4 decimal places.) reliability b. compute overall system reliability under plan 2. (round your intermediate calculations and final answer to 4 decimal places.) reliability c. which plan will provide the higher reliability? plan2plan1