Hewlett-Packard has designed a new type of printer that produces​ professional-quality photos. These new printers took 2 years to​ develop, with research and development running at​ $10 million after taxes over that period. Now all​ that's left is an investment of​ $22 million after taxes in new production equipment. It is expected that this new product line will bring in free cash flows of​ $5 million per year for each of the next 10 years. In​ addition, if​ Hewlett-Packard goes ahead with the new line of​ printers, the current production facility for the old printers that are to be replaced with this new line could be sold to a​ competitor, generating​ $3 million after taxes. Required:
How should the $10 million of research and development be treated?

To make a profit while benefiting humanity is an example of a mission statement that what

Guardian inc. is trying to develop an asset-financing plan. the firm has $450,000 in temporary current assets and $350,000 in permanent current assets. guardian also has $550,000 in fixed assets. assume a tax rate of 40 percent. a. construct two alternative financing plans for guardian. one of the plans should be conservative, with 70 percent of assets financed by long-term sources, and the other should be aggressive, with only 56.25 percent of assets financed by long-term sources. the current interest rate is 12 percent on long-term funds and 7 percent on short-term financing. compute the annual interest payments under each plan.

Ds unlimited has the following transactions during august. august 6 purchases 58 handheld game devices on account from gamegirl, inc., for $140 each, terms 2/10, n/60. august 7 pays $340 to sure shipping for freight charges associated with the august 6 purchase. august 10 returns to gamegirl three game devices that were defective. august 14 pays the full amount due to gamegirl. august 23 sells 38 game devices purchased on august 6 for $160 each to customers on account. the total cost of the 38 game devices sold is $5,448.51. required: record the transactions of ds unlimited, assuming the company uses a perpetual inventory system. (if no entry is required for a transaction/event, select "no journal entry required" in the first account field. round your answers to 2 decimal places.)