A company is considering the purchase of a new machine for $67,000. Management predicts that the machine can produce sales of $20,000 each year for the next 10 years. Expenses are expected to include direct materials, direct labor, and factory overhead totaling $8,200 per year including depreciation of $5,900 per year. Income tax expense is $4,720 per year based on a tax rate of 40%. What is the payback period for the new machine

Which type of data is generally stored in different file formats, such as text files, spreadsheets, and so on?

Stosch company's balance sheet reported assets of $112,000, liabilities of $29,000 and common stock of $26,000 as of december 31, year 1. if retained earnings on the balance sheet as of december 31, year 2, amount to $74,000 and stosch paid a $28,000 dividend during year 2, then the amount of net income for year 2 was which of the following? a)$23,000 b) $35,000 c) $12,000 d)$42,000

Juan's investment portfolio was valued at $125,640 at the beginning of the year. during the year, juan received $603 in interest income and $298 in dividend income. juan also sold shares of stock and realized $1,459 in capital gains. juan's portfolio is valued at $142,608 at the end of the year. all income and realized gains were reinvested. no funds were contributed or withdrawn during the year. what is the amount of income juan must declare this year for income tax purposes?