Ayayai corp. prepares monthly cash budgets. here are relevant data from operating budgets for 2017. january february sales $360,700 $401,600 purchases 120,800 131,300 salaries 84,200 81,600 administrative expenses 70,900 73,000 selling expenses 78,100 86,000 all sales and purchases are on account. budgeted collections and disbursement data are given below. all other expenses are paid in the month incurred except for administrative expenses, which include $1,000 of depreciation per month. other data. 1. collections from customers: january $331,800; february $378,100. 2. payments for purchases: january $106,100; february $141,100. 3. other receipts: january: collection of december 31, 2016, notes receivable $18,000; february: proceeds from sale of securities $5,400. 4. other disbursements: february $12,700 cash dividend. the company’s cash balance on january 1, 2017, is expected to be $47,000. the company wants to maintain a minimum cash balance of $55,410.

Dahlia enterprises needs someone to supply it with 127,000 cartons of machine screws per year to support its manufacturing needs over the next five years, and you’ve decided to bid on the contract. it will cost you $940,000 to install the equipment necessary to start production; you’ll depreciate this cost straight-line to zero over the project’s life. you estimate that in five years, this equipment can be salvaged for $77,000. your fixed production costs will be $332,000 per year, and your variable production costs should be $11.00 per carton. you also need an initial investment in net working capital of $82,000. if your tax rate is 30 percent and your required return is 11 percent on your investment, what bid price should you submit? (do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16))

P11.2a (lo 2, 4) fechter corporation had the following stockholders’ equity accounts on january 1, 2020: common stock ($5 par) $500,000, paid-in capital in excess of par—common stock $200,000, and retained earnings $100,000. in 2020, the company had the following treasury stock transactions. journalize and post treasury stock transactions, and prepare stockholders’ equity section. mar. 1 purchased 5,000 shares at $8 per share. june 1 sold 1,000 shares at $12 per share. sept. 1 sold 2,000 shares at $10 per share. dec. 1 sold 1,000 shares at $7 per share. fechter corporation uses the cost method of accounting for treasury stock. in 2020, the company reported net income of $30,000. instructions a. journalize the treasury stock transactions, and prepare the closing entry at december 31, 2020, for net income. b. open accounts for (1) paid-in capital from treasury stock, (2) treasury stock, and (3) retained earnings. (post to t-accounts.) c. prepare the stockholders’ equity section for fechter corporation at december 31, 2020.

Andy owns islander surfboard inc. in the past, andy has always given his employees bonuses during the holidays if they reached certain sales goals. this year, even though the company is thriving, he decided to cut bonuses from employees and award them to himself instead. what ethical theory of leadership is andy following?