The Canavana Company gathered the following condensed data for the year ended December 31, 2019:AccountAmount (or percentage)Cost of Goods Sold$500,000Net Sales 975,000 Selling Expenses 150,000Interest Expense25,000 Administrative Expenses 175,000 Common Stock Dividends Paid50,000 Income tax percentage 35%The Canavana Company's assets at the beginning of 2019 were $900,000, and the assets were $950,000 at the end of 2019.What did the Caravan Company report as net income on its 2019 income statement

True or false: on january 1, year one, the epstein corporation buys a plot of land with a four-story office building. the company believes the building is worth $1.9 million and has an estimated life of twenty years (with no anticipated residual value). the straight-line method is used. the land has an assessed value of $100,000. because the seller was interested in a quick sale, epstein was able to buy this land and building for $1.7 million. depreciation expense to be recognized in year one is $80,750.

Money aggregates identify whether each of the following examples belongs in m1 or m2. if an example belongs in both, be sure to check both boxes. example m1 m2 gilberto has a roll of quarters that he just withdrew from the bank to do laundry. lorenzo has $25,000 in a money market account. neha has $8,000 in a two-year certificate of deposit (cd).

Banana computers has decided to procure processing chips required for its laptops from external suppliers instead of manufacturing them in their own facilities. how will this decision affect the firm? a. the firm will be protected against the principal-agent problem. b. the firm's administrative costs will be low because of necessary bureaucracy. c. the firm will have more flexibility in purchasing and comparing prices of goods and services. d. the firm will have high-powered incentives, such as hourly wages and salaries.