The current sections of cullumber company’s balance sheets at december 31, 2016 and 2017, are presented here. cullumber company’s net income for 2017 was $162,639. depreciation expense was $28,701. 2017 2016 current assets cash $111,615 $ 105,237 accounts receivable 85,040 94,607 inventory 178,584 182,836 prepaid expenses 28,701 23,386 total current assets $403,940 $406,066 current liabilities accrued expenses payable $ 15,945 $ 5,315 accounts payable 90,355 97,796 total current liabilities $106,300 $ 103,111 prepare the net cash provided (used) by operating activities section of the company’s statement of cash flows for the year ended december 31, 2017, using the indirect method. (show amounts that decrease cash flow with either a - sign e. g. -15,000 or in parenthesis e. g. (15,

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))

Carmen co. can further process product j to produce product d. product j is currently selling for $20 per pound and costs $15.75 per pound to produce. product d would sell for $38 per pound and would require an additional cost of $8.55 per pound to produce. what is the differential revenue of producing product d?

While on vacation in las vegas jennifer, who is from utah, wins a progressive jackpot playing cards worth $15,875 at the casino royale. what implication does she encounter when she goes to collect her prize?