Jt engineering has $960,000 of short-term debt. jt issues 10,000 shares of common stock prior to the issuance of the financial statements. jt’s net proceeds from the sale are $900,000. if jt uses all of the proceeds to liquidate its short-term debt after the balance sheet date, how much of the debt can be excluded from current liabilities?

Xinhong company is considering replacing one of its manufacturing machines. the machine has a book value of $39,000 and a remaining useful life of 5 years, at which time its salvage value will be zero. it has a current market value of $49,000. variable manufacturing costs are $33,300 per year for this machine. information on two alternative replacement machines follows. alternative a alternative b cost $ 115,000 $ 117,000 variable manufacturing costs per year 22,900 10,100 1. calculate the total change in net income if alternative a and b is adopted. 2. should xinhong keep or replace its manufacturing machine