Newcastle coal co. owns a warehouse that it is not currently using. it could sell the warehouse for $300,000 or use the warehouse in a new project. should newcastle coal co. include the value of the warehouse as part of the initial investment in the new project?

(a) yes, because the firm could sell the warehouse if it didn’t use it for the new project.
(b) no, because the cost of the warehouse is a sunk cost.
(c) no, because the company will still be able to sell the warehouse once the project is complete.

James has set the goal of achieving all "a"s during this year of school.which term best describes this goal

In a chapter 7 bankruptcy, a debtor:

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.