A new machine with a purchase price of $109,000, with transportation costs of $12,000, installation costs of $5,000, special acquisition fees of $6,000, a salvage value of $12,000, and a useful life of six years would have accumulated depreciation of how much after year two (round your answer to the nearest dollar)? a. $20,000 b. $16,167 c. $32,333 d. $40,000

If the family’s net monthly income is 7,800 what percent of the income is spent on food clothing and housing?

Ryngard corp's sales last year were $38,000, and its total assets were $16,000. what was its total assets turnover ratio (tato)? a. 2.04b. 2.14c. 2.26d. 2.38e. 2.49

Cherokee inc. is a merchandiser that provided the following information: amount number of units sold 20,000 selling price per unit $ 30 variable selling expense per unit $ 4 variable administrative expense per unit $ 2 total fixed selling expense $ 40,000 total fixed administrative expense $ 30,000 beginning merchandise inventory $ 24,000 ending merchandise inventory $ 44,000 merchandise purchases $ 180,000 required: 1. prepare a traditional income statement. 2. prepare a contribution format income statement.