The following events apply to gulf seafood for the year 1 fiscal year: the company started when it acquired $33,000 cash by issuing common stock. purchased a new cooktop that cost $14,500 cash. earned $23,100 in cash revenue. paid $13,200 cash for salaries expense. adjusted the records to reflect the use of the cooktop. purchased on january 1, year 1, the cooktop has an expected useful life of five years and an estimated salvage value of $2,900. use straight-line depreciation. the adjusting entry was made as of december 31, year 1.

Quick computing currently sells 12 million computer chips each year at a price of $19 per chip. it is about to introduce a new chip, and it forecasts annual sales of 22 million of these improved chips at a price of $24 each. however, demand for the old chip will decrease, and sales of the old chip are expected to fall to 6 million per year. the old chips cost $10 each to manufacture, and the new ones will cost $14 each. what is the proper cash flow to use to evaluate the present value of the introduction of the new chip? (enter your answer in millions.)

Nnette henri is paid an hourly wage of $8.90 for a 32-hour workweek of 4 days, 8 hours daily. for any work on the fifth day and on saturdays, she is paid one and one-half times her regular hourly rate. during a certain week, in addition to her regular 32 hours, henri worked 6 hours on the fifth day and 5 hours on saturday. for this workweek, henri’s total earnings are:

Hubert manages a grocery store in a country experiencing a high rate of inflation. to keep up with inflation, he spends a lot of time every day updating the prices, printing new price tags, and sending out newspaper inserts advertising the new prices. his employees regularly deal with customer annoyance over the frequent price changes. this is an example of the of inflation.