Tony and gina, both u. s. citizens, own 5 percent and 10 percent, respectively, of the voting stock and value of davinci s. a., an italian corporation. tony and gina are also equal partners in roma corporation, an italian corporation that owns 50 percent of the davinci stock.

On february 3, smart company sold merchandise in the amount of $5,800 to truman company, with credit terms of 2/10, n/30. the cost of the items sold is $4,000. smart uses the perpetual inventory system and the gross method. truman pays the invoice on february 8, and takes the appropriate discount. the journal entry that smart makes on february 8 is:

Newton industries is considering a project and has developed the following estimates: unit sales = 4,800, price per unit = $67, variable cost per unit = $42, annual fixed costs = $11,900. the depreciation is $14,700 a year and the tax rate is 34 percent. what effect would an increase of $1 in the selling price have on the operating cash flow?

What would happen to the equilibrium price and quantity of lattés if the cost to produce steamed milk