Additional data related to 2017 are as follows. 1. Cash dividends paid were $5,100. 2. Equipment that had cost $10,900 and was 40% depreciated at time of disposal was sold for $2,100. 3. On January 1, 2017, the building was completely destroyed by a flood. Insurance proceeds on the building were $31,800. 4. A long-term note for $21,400 was issued for the acquisition of equipment. 5. $15,300 of the long-term note payable was paid by issuing common stock. 6. Investments (available-for-sale) were sold at $1,600 above their cost. The company has made similar sales and investments in the past. 7. Interest of $2,100 and income taxes of $6,400 were paid in cash. 8. Cash was paid for the acquisition of equipment. Prepare a statement of cash flows using the indirect method.

Which of the following statements about brand names is true? brand names give the seller an incentive to provide consistently high-quality products and services in order to protect the reputation of the brand. brand names are always economically wasteful since they dupe consumers into buying more expensive goods and services that are no different from generic versions. it is always rational to prefer brand names over generic substitutes. read the following example and determine whether it illustrates a common critique or defense of advertising. musashi sees a commercial for a brand x clothing company that depicts the wearers of the clothes out having a good time with friends. although he doesn't particularly need new clothes, the commercial prompts him to buy a brand x t-shirt.

Bridge building company estimates that it will incur $1,200,000 in overhead costs for the year. additionally, the company estimates 50,000 direct labor hours will be spent building custom walking bridges for the year at a total direct labor cost of $600,000. what is the predetermined overhead rate for bridge building company if direct labor costs are to be used as an allocation base?

Biochemical corp. requires $600,000 in financing over the next three years. the firm can borrow the funds for three years at 10.80 percent interest per year. the ceo decides to do a forecast and predicts that if she utilizes short-term financing instead, she will pay 7.50 percent interest in the first year, 12.15 percent interest in the second year, and 8.25 percent interest in the third year. assume interest is paid in full at the end of each year. a)determine the total interest cost under each plan. a) long term fixed rate: b) short term fixed rate: b) which plan is less costly? a) long term fixed rate plan b) short term variable rate plan