A company is considering the purchase of a new machine for $50,000. Management predicts that the machine can produce sales of $16,200 each year for the next 10 years. Expenses are expected to include direct materials, direct labor, and factory overhead totaling $7,800 per year including depreciation of $4,200 per year. Income tax expense is $3,360 per year based on a tax rate of 40%. What is the payback period for the new machine

As a result of a thorough physical inventory, waterway company determined that it had inventory worth $320200 at december 31, 2020. this count did not take into consideration the following facts: walker consignment currently has goods worth $47400 on its sales floor that belong to waterway but are being sold on consignment by walker. the selling price of these goods is $75900. waterway purchased $21900 of goods that were shipped on december 27, fob destination, that will be received by waterway on january 3. determine the correct amount of inventory that waterway should report.