Pancho Company reported net income of $239,000 for 2020. Pancho sold equipment that cost $108,000 and had a book value of $64,800 for $55,800. The comparative balance sheet shows a decrease in accounts receivable of $17,000 for the year, a $13,000 increase in accounts payable, a $5,000 increase in prepaid expenses, and a $16,000 increase in accumulated depreciation. Required:
Prepare the operating activities section of the statement of cash flows for 2020. Use the indirect method.

Two assets have the following expected returns and standard deviations when the risk-free rate is 5%: asset a e(ra) = 18.5% σa = 20% asset b e(rb) = 15% σb = 27% an investor with a risk aversion of a = 3 would find that on a risk-return basis. a. only asset a is acceptable b. only asset b is acceptable c. neither asset a nor asset b is acceptable d. both asset a and asset b are acceptable

Two products, qi and vh, emerge from a joint process. product qi has been allocated $34,300 of the total joint costs of $55,000. a total of 2,900 units of product qi are produced from the joint process. product qi can be sold at the split-off point for $11 per unit, or it can be processed further for an additional total cost of $10,900 and then sold for $13 per unit. if product qi is processed further and sold, what would be the financial advantage (disadvantage) for the company compared with sale in its unprocessed form directly after the split-off point?

:; )write a paragraph of two to three sentences and describe what will happen to a society that does not have a productive workforce?