Ken young and kim sherwood organized reader direct as a corporation; each contributed $59,000 cash to start the business and received 4,000 shares of stock. the store completed its first year of operations on december 31, 2012. on that date, the following financial items for the year were determined: cash on hand and in the bank, $54,500; amounts due from customers from sales of books, $28,900; property and equipment, $58,000; amounts owed to publishers for books purchased, $9,400; one-year note payable to a local bank for $5,850. no dividends were declared or paid to the stockholders during the year. using the retained earnings equation and an opening balance of $0, compute the amount of net income for the year ended december 31, 2012

Employees at a library check out books to patrons. books have an isbn and a name. the library sometimes has multiple copies of the same book. books have one or more authors. a patron is an individual who has an active (non-expired) library card. for each library card, we store the person's first and last names and their address. for each employee, we store their employee id, current salary, first and last name and their address. we also store the employee id of their current manager. each time we check out a book to a patron we need to store the date of the transaction, the employee who checked out the book to the patron, and the library card of the patron. some employees have library cards. if an employee patron turns in a book late, the fine that they pay is a percentage of their salary. some employees are authors who have library cards—they are allowed to check out as many books as they like.

How much are you willing to pay for a zero that matures in 10 years, has a face value of $1,000 and your required rate of return is 7%? round to the nearest cent. do not include a dollar sign in your answer. (i.e. if your answer is $432.51, then type 432.51 without $ sign)

During 2016, nike inc., reported net income of $3,760 million. the company declared dividends of $1,022 million. the closing entry for dividends would include which of the following? select one: a. credit cash for $1,022 million b. credit dividends for $1,022 million c. debit net income for $1,022 million d. credit retained earnings for $1,022 million e. debit dividends for $1,022 million