The table below contains data on Fincorp inc. The balance sheet items correspond to the values at year-end of 2013 and 2014, while the income statement items correspond to revenues or expenses during the year ending in either 2013 or 2014. All values are in thousands of dollars.

2013 2014
Revenue $4,700 $4,800
Cost of goods sold 1,950 2,050
Depreciation 570 590
Inventories 335 420
Administrative expenses 570 620
Interest expense 220 220
Federal and state taxes* 470 490
Accounts payable 335 420
Accounts receivable 442 520
Net fixed assets^ 5,700 6,570
Long-term debt 2,700 3,100
Notes payable 1,035 670
Dividends paid 550 550
Cash and marketable securities 870 370

* Taxes are paid in their entirety in the year that the tax obligation is incurred.
^Net fixed assets are fixed assets net of accumulated depreciation since the asset was installed
Construct a statement of cash flows for Fincorp for 2014.

Why has the free enterprise system been modified to include some government intervention?

The production manager of rordan corporation has submitted the following quarterly production forecast for the upcoming fiscal year: 1st quarter 2nd quarter 3rd quarter 4th quarter units to be produced 10,800 8,500 7,100 11,200 each unit requires 0.25 direct labor-hours, and direct laborers are paid $20.00 per hour. required: 1. prepare the company’s direct labor budget for the upcoming fiscal year. assume that the direct labor workforce is adjusted each quarter to match the number of hours required to produce the forecasted number of units produced. 2. prepare the company’s direct labor budget for the upcoming fiscal year, assuming that the direct labor workforce is not adjusted each quarter. instead, assume that the company’s direct labor workforce consists of permanent employees who are guaranteed to be paid for at least 2,500 hours of work each quarter. if the number of required direct labor-hours is less than this number, the workers are paid for 2,500 hours anyway. any hours worked in excess of 2,500 hours in a quarter are paid at the rate of 1.5 times the normal hourly rate for direct labor.

Verizon communications, inc., provides the following footnote relating to its leasing activities in its 10-k report. the aggregate minimum rental commitments under noncancelable leases for the periods shown at december 31, 2010, are as follows: years (dollars in millions) capital leases operatingleases 2011 $97 $1,898 2012 74 1,720 2013 70 1,471 2014 54 1,255 2015 42 1,012 thereafter 81 5,277 total minimum 418 $ 12,633 rental commitments less interest and (86) executory costs present value of 332 minimum lease payments less current (75) installments long-term obligation $257 at december 31, 2010 (a) confirm that verizon capitalized its capital leases using a rate of 7.4 %. (b) compute the present value of verizon's operating leases, assuming an 7.4% discount rate and rounding the remaining lease term to 3 decimal places. (use a financial calculator or excel to compute. do not round until your final answers. round each answer to the nearest whole number.)