Cheng inc. comparative balance sheets december 31 assets 2020 2019 cash $117,100 $47,400 accounts receivable 93,000 32,700 inventory 111,400 102,700 prepaid expenses 30,000 25,300 investments 141,000 113,100 equipment 264,700 241,500 accumulated depreciation-equipment (46,100 ) (51,500 ) total $711,100 $511,200 prepare a statement of cash flows using the indirect method.

Collective bargaining provides for a representative of employees to negotiate with a representative of management over labor issues including wages.true or false?

What is used by accountant to analyze transactions ?

Biochemical corp. requires $600,000 in financing over the next three years. the firm can borrow the funds for three years at 10.80 percent interest per year. the ceo decides to do a forecast and predicts that if she utilizes short-term financing instead, she will pay 7.50 percent interest in the first year, 12.15 percent interest in the second year, and 8.25 percent interest in the third year. assume interest is paid in full at the end of each year. a)determine the total interest cost under each plan. a) long term fixed rate: b) short term fixed rate: b) which plan is less costly? a) long term fixed rate plan b) short term variable rate plan