A company is planning to purchase a machine that will cost $36,000 with a six-year life and no salvage value. The company uses straight-line depreciation. The company expects to sell the machine's output of 3000 units evenly throughout each year. A projected income statement for each year of the asset's life appears below. What is the accounting rate of return for this machine? Sales $ 107,000 Costs: Manufacturing $ 51,400 Depreciation on machine 6000 Selling and administrative expenses 47,000 (104,400) Income before taxes $ 2600 Income tax (30%) (780) Net income $ 1820

The blumer company entered into the following transactions during 2012: 1. the company was started with $22,000 of common stock issued to investors for cash. 2. on july 1, the company purchased land that cost $15,500 cash. 3. there were $700 of supplies purchased on account. 4. sales on account amounted to $9,500. 5. cash collections of receivables were $5,500. 6. on october 1, 2012, the company paid $3,600 in advance for a 12-month insurance policy that became effective on october 1. 7. supplies on hand as of december 31, 2010 amounted to $225. the amount of cash flow from investing activities would be: