Crafter's Supply purchased some fixed assets 2 years ago at a cost of $48,700. It no longer needs these assets so it is going to sell them today for $35,000. The assets are classified as 5-year property for MACRS. MACRS Depreciation rate for 5-year property is 20% in year 1 and 32%, 19.2%, 11.52%, 11.52%, and 5.76% for each year after that. What is the net cash flow from this sale if the firm's tax rate is 30 %

At the end of year 2, retained earnings for the baker company was $3,550. revenue earned by the company in year 2 was $3,800, expenses paid during the period were $2,000, and dividends paid during the period were $1,400. based on this information alone, retained earnings at the beginning of year 2 was:

There is a small, family-owned store that sells food and household goods in a small town. the owners have good relations with the community, especially with local farmers who supply much of the food. the farmers aren't organized into a cooperative or union, and the store deals with each individually. suppose the store wanted to buy some farms to control the supply of certain vegetables. how would you classify this strategic move? select one: a. horizontal integration b. forward integration c. backward integration d. concentric integration

Jaynet spends $50,000 per year on painting supplies and storage space. she recently received two job offers from a famous marketing firm – one offer was for $95,000 per year, and the other was for $120,000. however, she turned both jobs down to continue a painting career. if jaynet sells 35 paintings per year at a price of $6,000 each: a. what are her accounting profits? b. what are her economic profits?