Retained earnings balance at the beginning of the year $ 328,000 cash dividends declared for the year 73,750 proceeds from the sale of equipment 126,800 gain on the sale of equipment 7,350 cash dividends payable at the beginning of the year 32,450 cash dividends payable at the end of the year 39,500 net income for the year 162,250 the amount of cash paid for dividends was:

The owner of firewood to go is considering buying a hydraulic wood splitter which sells for $50,000. he figures it will cost an additional $100 per cord to purchase and split wood with this machine, while he can sell each cord of split wood for $125. if, for this machine, design capacity is 50 cords per day, effective capacity is 40 cords per day, and actual output is expected to be 32 cords per day, what would be its efficiency?