A forklift costing $45,100 was purchase on April 1st of 2020. The forklift has a salvage value of $8,050 and an estimated life of 8 years and is depreciated using the straight-line method. On December 31, 2022, before adjusting entries are made the estimated total useful life is revised to 5 years with no change in the salvage value. The depreciation expense for 2022 would be (Round intermediate calculations and final answer to 2 decimal places, e.g. 52.75.)

Significant financing and investing activities that do not affect cash are not reported in the statement of cash flows or any other place.

Which of the following should be excluded from long-term liabilities?

Using the appropriate interest table, provide the solution to each of the following four questions by computing the unknowns. John Boy Walton is 39 years old today and he wishes to accumulate $537,000 by his 60th birthday so he can retire to his summer place on Spencer Mountain. He wishes to accumulate this amount by making equal deposits on his 40th through his 59th birthdays (20 years). What annual deposit must John Boy make if the fund will earn 10% interest compounded annually? (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.g. 458,581.) Annual Deposit: $

Using the appropriate interest table, provide the solution to each of the following four questions by computing the unknowns. What is the amount of the payments that Morgan William must make at the end of each of 10 years to accumulate a fund of $92,400 by the end of the 10th year, if the fund earns 10% interest, compounded annually? (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.g. 458,581.) Payment at the end of each year: $

On January 1, year 1, Jerry Corp issued $190,000 par value, 5% five-year bonds when the market rate of interest was 6%. Interest is payable annually on December 31. Bonds mature in 5 years. The following present value information is available: 5% 6% Present value of $1 (n=5) 0.78353 0.74726 Present value of a ordinary annuity (n=5) 4.32948 4.21236 What amount is the value of net bonds payable at the end of year 1?  

A generally accepted method of valuation is trading securities at market value. accounts receivable at net realizable value. inventories at current cost.

Using the appropriate interest table, provide the solution to each of the following four questions by computing the unknowns. What is the amount of the payments that Morgan William must make at the end of each of 15 years to accumulate a fund of 105,000 by the end of the 15th year, if the fund earns 8% interest, compounded annually? (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.g. 458,581.) Payment at the end of each year: $

A comparative balance sheet for Cary Corporation is presented below. Assets 2020   2019 Cash 93,800 63,900 Accounts receivable 157,600 132,800 Inventory 167,400 176,200 Land 125,400 146,300 Equipment 381,100 358,200 Accumulated depreciation–equipment (167,000) (134,000)             Total 758,300 743,400 Liabilities and Stockholders’ Equity Accounts payable 87,500 109,800 Bonds payable 167,000 184,000 Common stock ($1 par) 213,200 213,200 Retained earnings 290,600 236,400             Total 758,300 743,400 Additional information: Net income for 2020 was $101,500; there were no gains or losses. Cash dividends of $47,300 were declared and paid. Bonds payable of $17,000 were retired. Compute each of the following: (Show amounts that decrease cash flow with either a – sign e.g. -15,000 or in parenthesis e.g. (15,000). Round to the nearest dollar. Do NOT put a dollar sign ($) in your answer.) 1. Net cash provided by operating activities                   $ 2. Net cash provided (used) by investing activities         $ 3. Net cash provided (used) by financing activities         $  

Using the appropriate interest table, provide the solution to each of the following four questions by computing the unknowns. Diamond Hall has a $55,000 debt that she wishes to repay 5 years from today; she has $37,432 that she intends to invest for the 5 years. What rate of interest will she need to earn annually in order to accumulate enough to pay the debt? (Round answer to 0 decimal places, e.g. 7%. Enter your answer as a whole number. Do NOT use the percent sign.) Rate of interest: __%