You are evaluating a new product. in year 3 of your analysis, you are projecting pro forma sales of $5 million and cost of goods sold of $3 million. you will be depreciating a $1 million machine for 5 years using straight-line depreciation. your tax rate is 35%. finally, you expect working capital to increase from $200,000 in year 2 to $300,000 in year 3. what are your pro forma earnings for year 3? what are your pro forma free cash flows for year 3?

What does the consumer price index measure? a. the change in prices of all goods and services over time b. the change in prices of specific goods and services over time c. the change in prices of final goods and services over time

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On january 15, the end of the first biweekly pay period of the year, north company’s payroll register showed that its employees earned $32,000 of sales salaries. withholdings from the employees’ salaries include fica social security taxes at the rate of 6.2%, fica medicare taxes at the rate of 1.45%, $3,000 of federal income taxes, $772 of medical insurance deductions, and $260 of union dues. no employee earned > $7,000 in this first period. prepare the journal entry to record north company’s january 15 (employee) payroll expenses and liabilities.