The following table contains financial information for Trumpeter Inc. before closing entries: Cash $ 12,300
Supplies 6,300
Prepaid Rent 2,800
Salaries Expense 6,200
Equipment 66,700
Service Revenue 28,800
Miscellaneous Expenses 21,600
Dividends 3,600
Accounts Payable 3,500
Common Stock 66,600
Retained Earnings 20,600

What is Trumpeter's net income?

Sauer food company has decided to buy a new computer system with an expected life of three years. the cost is $440,000. the company can borrow $440,000 for three years at 14 percent annual interest or for one year at 12 percent annual interest. assume interest is paid in full at the end of each year. a. how much would sauer food company save in interest over the three-year life of the computer system if the one-year loan is utilized and the loan is rolled over (reborrowed) each year at the same 12 percent rate? compare this to the 14 percent three-year loan.