Use the following data to determine the total dollar amount of assets to be classified as property, plant, and equipment.
Koonce Office Supplies
Balance Sheet
December 31, 2014
Accounts payable
Salaries and wages payable
Mortgage payable
Total liabilities
$ 140,000
20,000
160,000
$320,000
Cash
$ 130,000
Accounts receivable
100,000
Inventory
110,000
Prepaid insurance
60,000
Stock investments
170,000
Land
180,000
Buildings
$210,000
Less: Accumulated
depreciation (40,000.) 170,000
Trademarks
140,000
Total assets
$1,060,000
Common stock
Retained earnings
Total stockholders' equity
Total liabilities and
stockholders' equity
$240,000
500,000
$740.000
$1,060,000

Neveready flashlights inc. needs $317,000 to take a cash discount of 3/15, net 70. a banker will loan the money for 55 days at an interest cost of $13,200. a. what is the effective rate on the bank loan? (use a 360-day year. do not round intermediate calculations. input your answer as a percent rounded to 2 decimal places.) b. how much would it cost (in percentage terms) if the firm did not take the cash discount but paid the bill in 70 days instead of 15 days? (use a 360-day year. do not round intermediate calculations. input your answer as a percent rounded to 2 decimal places.) c. should the firm borrow the money to take the discount? no yes d. if the banker requires a 20 percent compensating balance, how much must the firm borrow to end up with the $317,000? e-1. what would be the effective interest rate in part d if the interest charge for 55 days were $7,200?

Josie just bought her first fish tank a 36 -gallon glass aquarium, which she’s been saving up for almost a year to buy. for josie, the fish tank is most likely what type of purchase

Margaret company reported the following information for the current year: net sales $3,000,000 purchases $1,957,000 beginning inventory $245,000 ending inventory $115,000 cost of goods sold 65% of sales industry averages available are: inventory turnover 5.29 gross profit percentage 28% how do the inventory turnover and gross profit percentage for margaret company compare to the industry averages for the same ratios? (round inventory turnover to two decimal places. round gross profit percentage to the nearest percent.)