Condensed financial data of Vaughn Manufacturing follow. Vaughn Manufacturing Comparative Balance Sheets December 31 Assets 2021 2022 Cash $145,440 $87,120Accounts receivable 158,040 68,400 Inventory 202,500 185,130 Prepaid expenses 51,120 46,800 Long-term investments 196,200 248,400 Plant assets 513,000 436,500Accumulated depreciation (90,000) (93,600)Total $1,228,500 $926,550Liabilities and Stockholders' Equity Accounts payable $183,600 $121,140 Accrued expenses payable 29,700 37,800 Bonds payable 198,000 262,800Common stock 396,000 315,000 Retained earnings 421,200 189,810 Total $1,228,500 $926,550 Vaughn Manufacturing Income Statement Data For the Year Ended December 31, 2022 Sales revenue Less: $699,228Cost of goods sold $243,828 Operating expenses, excluding depreciation 22,338 Depreciation expense 83,700 Income tax expense 49,104 Interest expense 8,514Loss on disposal of plant assets 13,500 420,984 Net income $278,244Additional information:1. New plant assets costing $180,000 were purchased for cash during the year. 2. Old plant assets having an original cost of $103,500 and accumulated depreciation of $87,300 were sold for $2,700 cash. 3. Bonds payable matured and were paid off at face value for cash.4. A cash dividend of $46,854 was declared and paid during the year. Prepare a statement of cash flows using the indirect method.

Alyeska services company, a division of a major oil company, provides various services to the operators of the north slope oil field in alaska. data concerning the most recent year appear below: sales $18,000,000 net operating income $6,300,000 average operating assets $35,200,000 1. compute the margin for alyeska services company. (round your answer to 2 decimal places.) 2. compute the turnover for alyeska services company. (round your answer to 2 decimal places.) 3. compute the return on investment (roi) for alyeska services company. (round your intermediate calculations and final answer to 2 decimal places.)

Which of the following is located at the point where the supply and demand curves intersect? a. the equilibrium price. b. the minimum supply. c. the level of efficient production. d. the maximum demand. 2b2t

During january 2018, the following transactions occur: january 1 purchase equipment for $20,600. the company estimates a residual value of $2,600 and a five-year service life. january 4 pay cash on accounts payable, $10,600. january 8 purchase additional inventory on account, $93,900. january 15 receive cash on accounts receivable, $23,100 january 19 pay cash for salaries, $30,900. january 28 pay cash for january utilities, $17,600. january 30 firework sales for january total $231,000. all of these sales are on account. the cost of the units sold is $120,500. the following information is available on january 31, 2018. depreciation on the equipment for the month of january is calculated using the straight-line method. the company estimates future uncollectible accounts. at the end of january, considering the total ending balance of the accounts receivable account as shown on the general ledger tab, $4,100 is now past due (older than 90 days), while the remainder of the balance is current (less than 90 days old). the company estimates that 50% of the past due balance will be uncollectible and only 3% of the current balance will become uncollectible. record the estimated bad debt expense. accrued interest revenue on notes receivable for january. unpaid salaries at the end of january are $33,700. accrued income taxes at the end of january are $10,100