Ignore income taxes in this problem.) baldock inc. is considering the acquisition of a new machine that costs $426,000 and has a useful life of 5 years with no salvage value. the incremental net operating income and incremental net cash flows that would be produced by the machine are: incremental netoperating incomeincremental net cash flows year 1$67,000$148,000 year 2$73,000$150,000 year 3$84,000$175,000 year 4$47,000$149,000 year 5$89,000$151,000assume cash flows occur uniformly throughout a year except for the initial investment. the payback period of this investment is closest to: 2.1years5.0years4.3years2.7years

Costco wholesale corporation operates membership warehouses selling food, appliances, consumer electronics, apparel and other household goods at 471 locations across the u.s. as well as in canada, mexico and puerto rico. as of its fiscal year-end 2005, costco had approximately 21.2 million members. selected fiscal-year information from the company's balance sheets follows. ($ millions). selected balance sheet data 2005 2004 merchandise inventories $4,015 $3,644 deferred membership income (liability) 501 454 (a) during fiscal 2005, costco collected $1,120 cash for membership fees. use the financial statement effectstemplate to record the cash collected for membership fees. (b) in 2005, costco recorded $46,347 million in merchandise costs (that is, cost of goods sold). record thistransaction in the financial statement effects template. (c) determine the value of merchandise that costco purchased during fiscal-year 2005. use the financial statementeffects template to record these merchandise purchases. assume all of costco's purchases are on credit.