He balance sheets for Plasma Screens Corporation, along with additional information, are provided below: PLASMA SCREENS CORPORATION Balance Sheets December 31, 2021 and 2020 2021 2020 Assets Current assets: Cash $ 108,900 $ 126,800 Accounts receivable 82,000 97,000 Inventory 105,000 89,000 Prepaid rent 6,000 3,000 Long-term assets: Land 530,000 530,000 Equipment 830,000 720,000 Accumulated depreciation (438,000 ) (288,000 ) Total assets $ 1,223,900 $ 1,277,800 Liabilities and Stockholders' Equity Current liabilities: Accounts payable $ 109,000 $ 94,000 Interest payable 6,900 13,800 Income tax payable 10,000 6,000 Long-term liabilities: Notes payable 115,000 230,000 Stockholders' equity: Common stock 750,000 750,000 Retained earnings 233,000 184,000 Total liabilities and stockholders' equity $ 1,223,900 $ 1,277,800 Additional Information for 2021: Net income is $79,000. The company purchases $110,000 in equipment. Depreciation expense is $150,000. The company repays $115,000 in notes payable. The company declares and pays a cash dividend of $30,000. Required: Prepare the statement of cash flows using the indirect method. (List cash outflows and any decrease in cash as negative amounts.)

Becky fenton has 40/80/40 automobile insurance coverage. if two other people are awarded $75,000 each for injuries in an auto accident in which becky was judged at fault, how much of this judgment would the insurance cover?

The strength of the economy depends on the balance pf production and consumption of goods and consumption of goods and services

Lo.2, 3, 9 lori, who is single, purchased 5-years class property for $200,00 and 7-years class property for $420,000 on may 20, 2018. lori experts the taxable income derived form the business (without regard to the amount expensed under ⧠179) to be about $550,000. lori has determined that she should elect immediate ⧠179 expensing in the amount of $520,000, but she doesn’t know which asset she should completely expense under ⧠179. she does not claim any available additional first-year depreciation. a. determine lori’s total cost recovery deduction if the ⧠179 expense is first taken with respect to the 5-year class asset. b. determine lori’s total cost recovery deduction if the ⧠179 expense is first taken with respect to the 7-year class asset. c. what is your advice for lori? d. assume that lori is in the 24% marginal tax bracket and that she uses ⧠179 on the 7-year asset. determine the present value of the tax savings from the depreciation deductions for both assets. see appendix g for present value factors, and assume a 6% discount rate. e. assume the same facts as in part (d), except that lori decides not to use ⧠179 on either asset. determine the present value of the tax savings under this choice. in addition, determine which option lori should choose. f. present your solution to parts (d) and (e) of the problem in a spreadsheet using appropriate microsoft excel formulas. e-mail your spreadsheet to your instructor with a two-paragraph summary of your findings.