During the year, the senbet discount tire company had gross sales of $1.15 million. the firm’s cost of goods sold and selling expenses were $534,000 and $224,000, respectively. the firm also had notes payable of $890,000. these notes carried an interest rate of 5 percent. depreciation was $139,000. the firm’s tax rate was 40 percent. a. what was the firm’s net income? b. what was the firm’s operating cash flow?

When the two countries did not specialize, the total production of jeans was 23 million pairs per month, and the total production of corn was 68 million bushels per month. because of specialization, the total production of jeans has increased by million pairs per month, and the total production of corn has increased by million bushels per month. because the two countries produce more jeans and more corn under specialization, each country is able to gain from trade?