Nona Curry started her own consulting firm, Metlock, Inc., on May 1, 2022. The following transactions occurred during the month of May. May 1 Stockholders invested $18,750 cash in the business in exchange for common stock.
2 Paid $750 for office rent for the month.
3 Purchased $625 of supplies on account.
5 Paid $187 to advertise in the County News.
9 Received $1,750 cash for services performed.
12 Paid $250 cash dividend.
15 Performed $5,250 of services on account.
17 Paid $3,125 for employee salaries.
20 Paid for the supplies purchased on account on May 3.
23 Received a cash payment of $1,500 for services performed on account on May 15.
26 Borrowed $6,250 from the bank on a note payable.
29 Purchased office equipment for $2,500 paying $250 in cash and the balance on account.
30 Paid $225 for utilities.

Required:
Show the effects of the previous transactions on the accounting equation.

Vulcan flyovers offers scenic overflights of mount st. helens, the volcano in washington state that explosively erupted in 1982. data concerning the company’s operations in july appear below: vulcan flyovers operating data for the month ended july 31 actual results flexible budget planning budget flights (q) 56 56 54 revenue ($350.00q) $ 16,500 $ 19,600 $ 18,900 expenses: wages and salaries ($3,300 + $91.00q) 8,354 8,396 8,214 fuel ($31.00q) 1,904 1,736 1,674 airport fees ($870 + $35.00q) 2,730 2,830 2,760 aircraft depreciation ($11.00q) 616 616 594 office expenses ($240 + $1.00q) 464 296 294 total expense 14,068 13,874 13,536 net operating income $ 2,432 $ 5,726 $ 5,364 the company measures its activity in terms of flights. customers can buy individual tickets for overflights or hire an entire plane for an overflight at a discount. required: 1. prepare a flexible budget performance report for july that includes revenue and spending variances and activity variances.

Your father offers you a choice of $120,000 in 11 years or $48,500 today. use appendix b as an approximate answer, but calculate your final answer using the formula and financial calculator methods. a-1. if money is discounted at 11 percent, what is the present value of the $120,000?

Amanufacturer has paid an engineering firm $200,000 to design a new plant, and it will cost another $2 million to build the plant. in the meantime, however, the manufacturer has learned of a foreign company that offers to build an equivalent plant for $2,100,000. what should the manufacturer do?