A change in accounting principle that is implemented using the retrospective approach includes: a. Applying the new standard to the adoption period only and recording the cumulative adjustment for prior periods to the beginning balance of retained earnings b. Restating financial statements of all periods presented as if the new standard had been used in those periods c. Implementing the change in the current period only and not adjusting for the cumulative effects on prior periods d. Not accounting for the change in the current period or prior periods

The strength of the economy depends on the balance pf production and consumption of goods and consumption of goods and services

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))

You are purchasing a bond that currently sold for $985.63. it has the time-to-maturity of 10 years and a coupon rate of 6%, paid semi-annually. the bond can be called for $1,020 in 3 years. what is the yield to maturity of this bond?