Consider the following information.

1. service revenue for the year = $80,000. of this amount, $70,000 is collected during the year and $10,000 is expected to be collected next year.

2. salaries expense for the year = $40,000. of this amount, $35,000 is paid during the year and $5,000 is expected to be paid next year.

3. advertising expense for the year = $10,000. all of this amount is paid during the year.

4 supplies expense for the year = $4,000. no supplies were purchased during the year.

5. utilities expense for the year = $12,000. of this amount, $11,000 is paid during the year and $1,000 is expected to be paid next year.

6. cash collected in advance from customers for services to be provided next year (unearned revenue) = $2,000.

calculate operating cash flows.(list deductible values as negative amounts)

calculate net income.(list deductible values as negtive amounts)

True or false: a fitted model with more predictors will necessarily have a lower training set error than a model with fewer predictors.

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.

Qwest airlines has implemented a program to recycle all plastic drink cups used on their aircraft. their goal is to generate $7 million by the end of the recycle program's five-year life. each recycled cup can be sold for $0.005 (1/2 cent). a. how many cups must be recycled annually to meet this goal? assume uniform annual plastic cup usage and a 0% interest rate. b. repeat part (a) when the annual interest rate is 12%. c. why is the answer to part (b) less than the answer to part (a)?