Eight years ago, a firm purchased a lathe for $45,000. The operating expenses for the lathe are $8,700 per year. An equipment vendor offers the firm a new machine for $53,500 with operating costs of $5,700 per year. An allowance of $8,500 would be made for the old machine on the purchase of the new one. The old machine was expected to be scrapped at the end of five years. The new machine’s economic service life is five years with a salvage value of $12,000. The new machine’s O&M cost is estimated to be $4,200 for the first year, increasing at an annual rate of $500 thereafter. The firm’s MARR is 12%. Which option would you recommend?

Kimberly has been jonah in preparing his personal income tax forms for a couple of years. jonah's boss recommended kimberly because she had done a good job setting up the company's new accounting system. jonah is very satisfied with kimberly's work and feels that the fees she charges are quite reasonable. kimberly would be classified as a(n) (a) independent auditor (b) private accountant (c) public accountant (d) accounting broker

For each of the following cases determine the ending balance in the inventory account. (hint: first, determine the total cost of inventory available for sale. next, subtract the cost of the inventory sold to arrive at the ending balance.)a. jill’s dress shop had a beginning balance in its inventory account of $40,000. during the accounting period jill’s purchased $75,000 of inventory, returned $5,000 of inventory, and obtained $750 of purchases discounts. jill’s incurred $1,000 of transportation-in cost and $600 of transportation-out cost. salaries of sales personnel amounted to $31,000. administrative expenses amounted to $35,600. cost of goods sold amounted to $82,300.b. ken’s bait shop had a beginning balance in its inventory account of $8,000. during the accounting period ken’s purchased $36,900 of inventory, obtained $1,200 of purchases allowances, and received $360 of purchases discounts. sales discounts amounted to $640. ken’s incurred $900 of transportation-in cost and $260 of transportation-out cost. selling and administrative cost amounted to $12,300. cost of goods sold amounted to $33,900.a& b. cost of goods avaliable for sale? ending inventory?

Describe how to write a main idea expressed as a bottom-line statement