Jake owns a lawn maintenance company, and Luke owns a machine repair shop. For the month of July, the following transactions occurred.
July 3 Jake provides lawn services to Luke’s repair shop on account, $500.
July 6 One of Jake’s mowers malfunctions. Luke provides repair services to Jake on account, $450.
July 9 Luke pays $500 to Jake for lawn services provided on July 3.
July 14 Luke borrows $600 from Jake by signing a note.
July 18 Jake purchases advertising in a local newspaper for the remainder of July and pays cash, $110.
July 20 Jake pays $450 to Luke for services provided on July 6.
July 27 Luke performs repair services for other customers for cash, $800.
July 30 Luke pays employee salaries for the month, $300.
July 31 Luke pays $600 to Jake for money borrowed on July 14.
Required: Record the transactions for Jake’s Lawn Maintenance Company.

Answers

Answer 1
The journal entries are as follows:

a)

July 3   Accounts receivable                       $500.

Sales Revenue                                                                    $500.

b)

July 6   Repairs and maintenance expense     $450

                   Accounts payable                              $450    

c)

July 9     Cash                                 $500      

Accounts receivable                                                       $500

d)

July 14   Notes receivable                      $600

                   Cash                                             $600

e)

July 18    Advertising expense                 $110.

                              Cash     $110.

f)

July 20   Accounts Payable                        $450

Cash                     $450

g) July 27

No entry for  Jake as info concerns  Luke

h)  July 30

No entry  Jake as info concerns  Luke

I)

July 31     Cash                                              $600

         Notes Receivables                                      $600  

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Related Questions

If you want to buy a $245,000 house with a 15% down payment, how much will you be borrowing from the bank? If the interest you will pay is $210,000 total, how much total (interest and principal) will you pay on the borrowed money over the 30 years of your mortgage?

Answers

Answer:

Explanation:

year and any subsequent word will have to be  ignored because we limit queries to 32 words.

For a home price of $250,000 the minimum down payment would be $8,750.

If nominal GDP was $9,200 billion in Year 1 and $9.420 billion in Year 2 and prices increased from Year 1 to Year 2, then Multiple Choice real GDP must have been larger in Year 1 than in Year 2 real GOP must have been forger in Year 2 than in Year 1 the GDP deflator must have been 122 the GOP deflator must have been 102 we cannot determine the value of the GDP deflator or real GDP in Year 2

Answers

From this given information we cannot determine the value of the GDP deflator or real GDP in Year 2 from this information.

In the given question is asking about the relationship between nominal GDP and real GDP in Years 1 and 2. It states that nominal GDP was $9,200 billion in Year 1 and $9.420 billion in Year 2 and prices increased from Year 1 to Year 2. The answer is that real GDP must have been larger in Year 1 than in Year 2.

GDP stands for Gross Domestic Product, and it is the total value of goods and services produced in a country in a given period of time (usually one year). It is used to measure the performance of an economy and is often used to compare different economies or countries.

From this given information we cannot determine the value of the GDP deflator or real GDP in Year 2 from this information.

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Rundle Company is considering the replacement of some of its manufacturing equipment. Information regarding the existing equipment and the potential replacement equipment follows.

Existing Equipment Replacement Equipment
Historical cost $ 109,000 Market price $ 110,000
Operating expenses* 120,000 Operating expenses* 111,000
Salvage value 29,000 Salvage value 11,000
Market value 40,000 Useful life 8 years
Book value 35,000
Remaining useful life 8 years
*The amounts shown for operating expenses are the cumulative total of all such expected expenses to be incurred over the useful life of the equipment.

Required
Calculate the total relevant cost of existing equipment and the potential replacement equipment. Should the equipment be replaced?

Answers

Based on the historical cost of the existing equipment to Rundle Company, the total relevant cost of existing equipment would be $131, 000.

The total relevant cost of the potential replacement equipment would be $210, 000.

The equipment should not be replaced because cost of the replacement equipment will be more than the cost of the existing equipment.

How to find the cost of the equipment?

The total relevant cost of the existing equipment can be found by adding the operating costs and the market value and then deducting the salvage value. This is because the historical cost is no longer relevant.

The total relevant cost is therefore:

= Operating expenses - Salvage value + Market value

= 120, 000 - 29, 000 + 40, 000

= $131, 000

The total relevant cost of the potential replacement equipment would be calculated using the historical cost because this would be the same as the market price. This is because the equipment is yet to be purchased.

The total relevant cost is:

= Historical Cost + Operating expenses - Salvage value

= 110, 000 + 111, 000 - 11, 000

= $210, 000

The total relevant cost for the existing equipment is less than that of the potential replacement so the equipment should not be replaced.

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It has been said that most systems fail because system builders ignore organizational behavior problems. Why might this be so? Add refrence

Answers

organizational behavior problems

Organizational behaviour issues may be overlooked by system builders for a number of reasons, which can ultimately result in system failure.

What do you mean by Organizational behaviour ?

One factor that contributes to this is that some system developers are only concerned with the technical components of a system and may lack knowledge or experience about how human behaviour affects the system.

A mismatch in understanding the organisational needs and potential behavioural difficulties may also result from a lack of interaction and cooperation between both the system developers and also the organization's stakeholders, particularly employees and management.

Organizational behaviour concerns may also be unreported since they are sometimes more challenging to recognise and resolve than technological problems. Complex human connections and cultural norms can play a role in problems with organisational behaviour.

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Producers would prefer a market characterized by monopoly. Explain the theoretical and Practical reasons for your answer.

Answers

Theoretically, a market characterized by monopoly would allow producers to have more control over prices and to restrict output in order to maintain higher prices. This can lead to higher profits for the monopolist.

Why would producers prefer a market characterized by monopoly?

We have several reasons why producers may not prefer a monopoly market structure:

Government intervention: Governments often regulate monopolies to prevent them from abusing their market power and charging excessive prices. This regulation can limit the ability of the monopolist to maximize profits.

Lack of competition: In a monopoly market, there is no competition to keep prices in check and to drive innovation. This can lead to inefficiencies and a lack of consumer choice.

Decreased consumer surplus: Monopolies often lead to higher prices for consumers, which reduces their purchasing power and their overall welfare.

In all , while a monopoly market structure may provide higher profits for producers in the short-term, there are several practical and theoretical reasons why it may not be preferred in the long-term.

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On January 1, 2021, Reston Company purchased 25% of Ace Corporation's common stock; no goodwill resulted from the purchase. Reston appropriately carries this investment at equity and the balance in Reston's investment account was $1,170,000 at December 31, 2021. Ace reported net income of $700,000 for the year ended December 31, 2021, and paid cash dividends on common stock totaling $280,000 during 2021. How much did Reston pay for its 25% interest in Ace

Answers

Answer:

initial investment in Ace Corporation = $1,065,000

Explanation:

initial investment in Ace Corporation = December 31st balance - (25% x net income reported) + (25% x distributed dividends)

initial investment in Ace Corporation = $1,170,000 - (25% x $700,000) + (25% x $280,000) = $1,170,000 - $175,000 + $70,000 = $1,065,000

When using the equity, reported net income increases the investment account while dividends decrease it.

A mandatory seatbelt law ends up raising the number of traffic fatalities if it lowers fatalities per accident from 0.10 to 0.07 while raising the number of accidents per period from 35,000 to any more than:_______

Answers

Answer: 50,000

Explanation:

The question shows that at the current number of accident per period which is 35,000, 0.1 fatalities are recorded.

If the new seat belt law reduces the fatality rate from 0.1 to 0.07, how many accidents would have to occur for the new law to match the previous fatality rate given the previous number of accidents.

Let the new number of accidents be x;

35,000 * 0.1 = 0.07 * x

3,500 = 0.07x

x = 3,500/0.07

= 50,000

At 50,000 accidents, the new law will cause the same amount of fatalities than before. Anything more than 50,000 would lead to more fatalities than before.

This chapter is all about trade--imports and exports and the balance of payments.

Answers

I just need for point

The initial cash outlay of a project is X is Rs 100,000 and it can generate cash inflow of Rs 40,000, Rs 30,000, Rs 50,000 and Rs 20,000 in year 1 through 4. Assume a 10 per cent rate of discount. Assume that a project Y requires an outlay of Rs 50,000 and yields annual cash inflow of Rs 12,500 for 7 years at the rate of 12%.​

Answers

On the net present value analysis, project Y is expected to generate a higher return on investment compared to project X.

To evaluate the two projects, X and Y, we will calculate their net present value (NPV) using the given cash inflows, discount rate, and initial cash outlay.

For project X:

The cash inflows for each year are Rs 40,000, Rs 30,000, Rs 50,000, and Rs 20,000 for years 1 through 4, respectively.

The initial cash outlay is Rs 100,000.

The discount rate is 10%.

To calculate the NPV, we discount each cash inflow to its present value using the discount rate and subtract the initial cash outlay:

NPV(X) = (40,000 / (1 + 0.10)^1) + (30,000 / (1 + 0.10)^2) + (50,000 / (1 + 0.10)^3) + (20,000 / (1 + 0.10)^4) - 100,000

Simplifying the calculations:

NPV(X) = 36,363 + 24,793 + 34,979 + 13,167 - 100,000

= 9,302

The net present value (NPV) for project X is Rs 9,302.

For project Y:

The cash inflow for each year is Rs 12,500 for 7 years.

The initial cash outlay is Rs 50,000.

The discount rate is 12%.

Using the same formula as above, we calculate the NPV for project Y:

NPV(Y) = (12,500 / (1 + 0.12)^1) + (12,500 / (1 + 0.12)^2) + ... + (12,500 / (1 + 0.12)^7) - 50,000

Simplifying the calculations:

NPV(Y) = 11,161 + 9,960 + 8,888 + ... + 3,637 - 50,000

= 11,042

The net present value (NPV) for project Y is Rs 11,042.

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A company produced 86 units during the
month working a total of 20,640 labor hours
and incurring these costs: raw materials
$368,510; and direct labor $330,240. POHR is
$14 per DLH. What is the cost per unit?​

Answers

Answer:

6.67 solution: Actual labour hour=8hr total no.of employees=4 Total working

Explanation:

Elana has opened a new aerobics studio in her area. How might Elana use social media as a market to spread the word about her new studio?

Answers

Elana can use social media as a marketplace to promote her new studio in a variety of ways such as:

Creating social media adsCreating valuable content for your target audienceStrengthening the relationship with your consumersHow does social media help a business grow?

Social networks are easy-to-use and inexpensive platforms for sharing ideas, advertising, etc. It is a medium where potential consumers can be found who can engage with valuable content posted by a company and be interested in it.

Therefore, social media can help Elana develop her business through direct advertising and reaching a wider audience.

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1. If you are attending a two-year school and plan to transfer to a four-year school, you should
O select only easy courses while you are at a two-year school.
O complete courses that may not transfer.
O transfer without any help from an adviser.
O choose your major early.

Answers

Answer:

Complete courses that may not transfer.

Explanation:

Transferring from a Two-Year College to a Four-Year College. If this is your plan, be sure that the classes you enroll in not only meet the requirements for your associate's degree but can also be put toward a bachelor's degree at the four-year colleges you're considering.

I may not be right but I tried.

Answer:

O select only easy courses while you are at a two-year school.

Explanation:

When analyzing job options you should only concern yourself with the present demand for that job. True False

Answers

Answer:

obviously false

how do you understand the word business finance?​

Answers

Answer:

Business Finance means the funds and credit employed in the business. Finance is the foundation of a business. Finance requirements are to purchase assets, goods, raw materials and for the other flow of economic activities

Answer:

in my opinion and own words

Explanation:

Business Finance simply means the activity of managing money in financial status especially in companies or government organizations to run a business or activity or also a project so it simply means using Finances to run a business

.(Thank you and sorry)0

All of the following indicate a possible pest infestation EXCEPT:
Dust underneath a storage shelf
Shredded paper towels in a corner of the dry storage area
Egg casings behind the refrigerator
Gnaw marks on a trash can

Answers

dust underneath a storage shelf

Statement that doesn't gives indication of pest infestation as regards this question is A: Dust underneath a storage shelf.

Pest infestation can be regarded as the  presence of an unusually large number of insects in place They usually cause  damage or disease and it  is a result improper management of a place in an healthy way.

Some of the activities that can cause this at home are Egg casings behind the refrigerator which can invite pest.

Another one is Gnaw marks on a trash can.

Therefore, option A is correct.

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How average variable cost curve is derived? Explain.​

Answers

The average variable cost (AVC) curve is derived by dividing the total variable costs (TVC) of production by the quantity of output produced (Q).

How average variable cost curve is derived

The total variable costs of production include all costs that vary with changes in the level of output, such as raw materials, direct labor, and energy costs. These costs are usually represented by a formula, such as TVC = wL + rK + e, where w is the wage rate, L is the amount of labor used, r is the rental rate of capital, K is the amount of capital used, and e is the cost of energy.

Once the total variable costs are determined for each level of output, the AVC can be calculated by dividing the TVC by the quantity of output produced. Mathematically, the AVC can be represented by the formula:

AVC = TVC / Q

Graphically, the AVC curve is a U-shaped curve that initially decreases as the level of output increases, due to the spreading of fixed costs over a larger output. However, the AVC eventually reaches a minimum point and starts to increase, as diminishing returns to variable factors of production set in and the marginal cost of production starts to increase.

The AVC curve intersects the average total cost (ATC) curve at its lowest point. This is because the ATC includes both variable and fixed costs, and as output increases, the fixed costs are spread over a larger output, resulting in a decrease in the ATC. The AVC, on the other hand, only includes variable costs and reaches a minimum point before starting to increase due to the diminishing returns to variable factors of production.

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Jesse wants to work as a public relations specialist. What academic requirements should he complete?
A.
a bachelor’s degree
B.
on-the-job training
C.
a technical program
D.
a doctorate degree
E.
high school

Answers

I think the answer is a

Occasionally, planning can lead to several drawbacks. Which of the following are pitfalls to planning? Check all that apply.
a. planning can hinder change and prevent adaptation
b. planning does not provide direction for employees
c. top-level managers can become detached, planning for things they don't understand
d. planning can create a false sense of certainty

Answers

C. Planning might at times result in a number of negative effects. The following are planning pitfalls: top-level managers may get disengaged; planning for issues they don't comprehend; and planning may foster a false sense of certainty.

Describe planning.

Determining the steps required to accomplish a target is the process of planning. Planning starts with foresight, which is the fundamental capacity to mentally jump through time. The emergence of foresight—the capacity to make plans in advance—is thought to have been one of the key forces behind human evolution.

Planning is an essential quality of the intelligent activity. The use of logic and imagination is required to visualize not only a desired end result but also the steps necessary to get there. An important aspect is a link between predicting and planning. Unlike forecasting, which tries to predict how the future will pan out, planning imagines potential futures.

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Are marketing and sales the same in marketing

Answers

Answer:

marketing is building awareness of your organization and brand to potential customers. Sales is turning that viewership into a profit, by converting those potential customers into actual ones.

Explanation:

Please post detailed answers to the following questions. Please use complete sentences.

Ben is starting an online store for rare musical instruments, and he is hoping to make it the kind of company that people are fighting to become part of. What are some of the things Ben might do to make this happen?

Answers

In order to make the online musical instruments store more popular and desirable in the market, Ben can:

1. Build a strong brand: Ben can invest in creating a strong and unique brand for his store.

This can include creating a catchy logo and slogan, using consistent colors and fonts across all products, and creating a unique brand voice that resonates with your target audience.

2. Build a sense of community: Ben can build a community around his store by hosting events and workshops that bring musicians and music lovers together. It can also create social media groups and forums where customers can share their knowledge and connect with like-minded people.

3.Overall, with a focus on offering unique products, building a strong brand, creating a sense of community, providing excellent customer service, and having a good understanding, Ben can do his online shopping for rare vehicles and find a company.

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Balance Sheet October 31 Assets Cash $ 36,500 Accounts receivable 87,000 Merchandise inventory 195,300 Property, plant and equipment, net of $624,000 accumulated depreciation 925,000 Total assets $ 1,243,800 Liabilities and Stockholders' Equity Accounts payable $ 259,000 Common stock 760,000 Retained earnings 224,800 Total liabilities and stockholders' equity $ 1,243,800 Q: What is the cost of December merchandise purchases

Answers

Answer:

so hard so hard i cant do this omgod so hard thos is your mom can answer this lol its funny

make this simple and not hard i cant answer this

Compute ending inventory and cost of goods​ sold, using each of the following​ methods: Specific unit​ cost, assuming two ​$58 units and four ​$68 units are on​ hand; Average cost​ (round average unit cost to the nearest​ cent); ​ First-in, first-out; and​ Last-in, first-out.

Compute ending inventory and cost of goods sold, using each of the following methods: Specific unit cost,

Answers

Compute ending inventory and cost of goods​ sold-----------. The ending inventory and cost of goods​ sold, $8,800 and $12,200.

What is an inventory?

An inventory refers to a detailed list of items, goods, or materials that a company or organization holds in stock or has available for sale. The purpose of an inventory is to keep track of what goods are on hand, how much of each item is available, and where the items are located.

The inventory is an important component of managing a company's operations, as it can impact a company's profitability and customer satisfaction.

In the above case. The ending inventory and cost of goods​ sold, $8,800 and $12,200.

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the 3 hour per week that 100 million volunteers donate every year in the US is equal to how many full time worker
a. 1 million
b. 7.5 million
c. 100 million
d. 750 million

Answers

The equivalent number of full-time workers based on the 3 hours per week volunteered by 100 million volunteers in the US is approximately 144,230 full-time workers. Option C is the correct answer.

To calculate the equivalent number of full-time workers based on the 3 hours per week that 100 million volunteers donate every year in the US, we need to determine the total number of hours volunteered and divide it by the number of hours worked by a full-time worker in a year.

Let's assume a full-time worker works an average of 40 hours per week, and there are 52 weeks in a year.

Total hours volunteered per year:

3 hours per week * 100 million volunteers = 300 million hours

Total hours worked by a full-time worker per year:

40 hours per week * 52 weeks = 2,080 hours

Equivalent number of full-time workers:

300 million hours / 2,080 hours = approximately 144,230 full-time workers

Option C is the correct answer.

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The lengths of service of all the executives employed by Standard Chemicals are:

Name Years
Mr. Snow 20
Ms. Tolson 22
Mr. Kraft 26
Ms. Irwin 24
Mr. Jones 28

(a) Using the combination formula, how many samples of size 2 are possible?
(b) List all possible samples of 2 executives from the population and compute their means.
(c) Organize the means into a sampling distribution.
(d) Compare the population mean and the mean of the sample means.

Answers

Solution :

a). There are total 5 executives. Therefore the possible sample size of 2 is

\($^nC_r=\frac{n!}{r!(n-r)!}$\)

\($^5C_2=\frac{5!}{2!(5-2)!}$\)

      \($=\frac{5!}{2! \ 3!}$\)

     = 10

So, there are 10 possible ways for selection of sample size of 2.

b).

     Sample          Samples of service length            Sample mean

Snow, Tolson               20, 22                                    (20+22)/2 = 21  

Snow, Kraft                   20, 26                                         23

Snow, Irwin                   20, 24                                         22

Snow, Jones                 20, 28                                         24

Tolson, Kraft                 22, 26                                         24

Tolson, Irwin                 22, 24                                         23

Tolson, Jones               22, 28                                         25

Kraft, Irwin                     26, 24                                         25

Kraft, Jones                   26, 28                                         27

Irwin,Jones                    24, 28                                         26

c). The mean and the standard deviation of the means of the sampling distribution is given by :

\($\bar{X}= \sum_{i-1}^{10}\frac{\bar{x}_i}{n}$\)

   \($=\frac{21+23+22+24+24+23+25+25+27+26}{10}$\)

   \($=\frac{240}{10} $\)  

  = 24

The variance of the sample means :

\($S^2=\frac{1}{n}\sum_{i-1}^{10}\left(\bar x_i - \bar X \right)^2$\)

   \($=\frac{1}{10}\sum_{i-1}^{10}\left(\bar x_i - 24 \right)^2$\)

  \($=\frac{1}{10}\times(30)$\)

  = 3

Therefore the standard  deviation of the sample means is

\($S=\sqrt{variance}$\)

  \($=\sqrt3$\)

  = 1.732

d). The population means is given by:

\($\mu =\frac{20+22+26+24+28}{5}$\)

  \($=\frac{120}{5}$\)

  = 24

Therefore, we can say that the mean of the sample means is a point estimate of the population mean.

One way to adda table to a presentation is to

A. click on Clip Art under the Insert tab.
B. click on WordArt under the Insert tab.
C. right-click on an existing page with content and choose Add Table.
D. add a new slide and left-click on the Table symhgl in an empty area.​

Answers

One way to adda table to a presentation is to click on WordArt under the Insert tab. (b)

Click Table under the Insert tab. Pick one of the following options from the Insert Table menu: Click to enter your table after dragging the pointer over the grid to the desired number of columns and rows. Enter a value in the Number of columns and Number of rows boxes after clicking Insert Table WordArt.

You can also display information in PowerPoint using tables. The cells in a table are arranged in a grid with rows and columns. Tables can be used for a variety of activities, including the presentation of text and numerical data. You can even customize tables to fit your presentation.

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Please classify the source of barriers to entry described in each scenario below. ownership of a key input economies of scale government-imposed
a. There are a limited number of licenses for taxi drivers in NYC. ownership of a key input economies of scale government-imposed
b. Drug companies obtain patents so that they can recover research and development costs by the exclusive sale of the drug for some number of years. ownership of a key input economies of scale government-imposed
c. Carribean Cruz owns the only swimmable beach on an exclusive island in the Bahamas
d. The government establishes a quota on how much foreign oil can be imported
e. It is very expensive to build an amusement park, but not that expensive to admit an additional customerf. Building a brewery is a high start up cost operationg. The governemnt established a tariff on tear

Answers

The source of barriers to the scenarios described will be:

Government imposed:

There are a limited number of licenses for taxi drivers in NYC.Drug companies obtain patents so that they can recover research and development costs by the exclusive sale of the drug for some number of years. The government established a tariff on tea.

Ownership of a key input:

Carribbean Cruz owns the only swimmable beach on an exclusive island in the Bahamas.The government establishes a quota on how much foreign oil can be imported.

Economies of scale:

It is very expensive to build an amusement park, but not that expensive to admit an additional customer. Building a brewery is a high start-up cost operation.

It should be noted that government-imposed barriers are the barriers that can be in form of patents, licensing, tariffs, etc.

The ownership of key input is when the production of a good requires particular input,  therefore, controlling the input can be a barrier to entry.

Economies of scale is when the long run average variable cost of a firm falls as there is an increase in output.

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Dina has been hired as a product manager for an up-and-coming candy bar brand. Describe the scope of her responsibilities and provide examples of activities she would likely perform in her job. Which responsibility do you feel will be most helpful to this new brand and why?

Answers

Dina's responsibilities may include conducting market research to identify consumer preferences and trends, defining the product's features and specifications, collaborating with R&D and production teams to develop and launch new flavors or variations, setting pricing strategies, and creating marketing campaigns to promote the candy bars to the target audience. One of the most helpful responsibilities for this new brand would be Dina's role in market research.

As a product manager for an up-and-coming candy bar brand, Dina's responsibilities would encompass various aspects of product development, marketing, and strategy. Her main objective would be to ensure the successful launch and growth of the brand's candy bars in the market.

By conducting thorough research and understanding consumer preferences, Dina can identify gaps in the market, develop unique selling propositions, and tailor the candy bars to meet customer demands. This will allow the brand to differentiate itself from competitors and establish a strong presence in the market, attracting loyal customers and driving sales.

Additionally, market research can provide valuable insights into pricing strategies and distribution channels, enabling the brand to optimize profitability and reach the right customers effectively.

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Step 2. Search to find any summary about the company that mentions funds for starting the business. Try to find any information containing employee data in this section.
Step 3. Find the section where the product or service is detailed. Look to see what kinds of products or services will be involved with the business. Compare this with what other similar business plans are offering.
Record the information you found for steps 2 and 3. Make sure you discuss how the company got money to start the business, employee data, and what products or services the company provides in comparison with what other similar business plans are offering.

Answers

We can see here that such company gotten after searching for company that mentions funds for starting the business is Go-o-gle.

Funds for starting the business: $1 million in funding from Andy Bechtolsheim.

Employee data: over 160,000 employees worldwide.

What is a company?

A company is a legal and organizational entity formed by individuals or a group of individuals with the purpose of conducting business activities. It is an association of individuals who come together to engage in commercial, industrial, or professional activities in order to generate revenue and make a profit.

Their products are digital and online services.

Comparing this company, we see Microsoft.

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What are the benefits of outsourcing

Answers

Focus on core tasks
Lower costs
Promote growth
Maintain operational control
Offer staffing flexibility
Provide continuity and risk management
Develop internal staff

hey, help me lol XD

Which headphones are better boAT or Samsung?

Answers

Answer:

Samsung

Explanation

Just better quality

Other Questions
the following is the ending balances of accounts at december 31, 2024, for the weismuller publishing company. account title debits credits cash $ 103,000 accounts receivable 198,000 inventory 304,000 prepaid expenses 186,000 equipment 358,000 accumulated depreciation $ 129,000 investments 178,000 accounts payable 79,000 interest payable 39,000 deferred revenue 99,000 income taxes payable 49,000 notes payable 295,000 allowance for uncollectible accounts 35,000 common stock 419,000 retained earnings 183,000 totals $ 1,327,000 $ 1,327,000 additional information: prepaid expenses include $158,000 paid on december 31, 2024, for two year of rent on the building that houses both the administrative offices and the manufacturing facility. investments include $49,000 in treasury bills purchased on november 30, 2024. the bills mature on january 30, 2025. the remaining $129,000 is an investment in equity securities that the company intends to sell in the next year. deferred revenue represents customer prepayments for subscriptions. subscriptions are for periods of one year or less. the notes payable account consists of the following: a $59,000 note due in six months. a $140,000 note due in six years. a $96,000 note due in three annual installments of $32,000 each, with the next installment due august 31, 2025. the common stock account represents 419,000 shares of no par value common stock issued and outstanding. the corporation has 838,000 shares authorized. for the past year, moramble on company wishes to maintain a growth rate of 6 percent a year, a debt-equity ratio of 0.41, and a dividend payout ratio of 54 percent. the ratio of total assets to sales is constant at 1.33. what profit margin must the firm achieve?msen limited had sales of $43,847, interest expense of $2,840, cost of goods sold of $14,384, selling and administrative expense of $10,531, and depreciation of $4,530. if the tax rate was 21 percent, what was the company's net income? 1. 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