Mirr, inc. was incorporated on january 1, year 1, with proceeds from the issuance of $750,000 in stock and borrowed funds of $110,000. during the first year of operations, revenues from sales and consulting amounted to $82,000, and operating costs and expenses totaled $64,000. on december 15, mirr declared a $3,000 cash dividend, payable to stockholders on january 15, year 2. no additional activities affected owners' equity in year 1. mirr's liabilities increased to $120,000 by december 31, year 1. on mirr's december 31, year 1 balance sheet, total assets should be reported at:

Michigan mattress company is considering the purchase of land and the construction of a new plant. the land, which would be bought immediately (at t = 0), has a cost of $100,000 and the building, which would be erected at the end of the first year (t = 1), would cost $500,000. it is estimated that the firm's afterminustax cash flow will increase by $100,000 starting at the end of the second year, and that this incremental flow would increase at a 10 percent rate annually over the next 10 years. what is the approximate payback period?

Identify the three components of a family's culture and provide one example from your own experience

In year 1, the bennetts' 25-year-old daughter, jane, is a full-time student at an out-of-state university but she plans to return home after the school year ends. in previous years, jane has never worked and her parents have always been able to claim her as a dependent. in year 1, a kind neighbor offers to pay for all of jane's educational and living expenses. which of the following statements is most accurate regarding whether jane's parents would be allowed to claim an exemption for jane in year 1 assuming the neighbor pays for all of jane's support? a. no, jane must include her neighbor's gift as income and thus fails the gross income test for a qualifying relative. b.yes, because she is a full-time student and does not provide more than half of her own support, jane is considered her parent's qualifying child. c.no, jane is too old to be considered a qualifying child and fails the support test of a qualifying relative. d.yes, because she is a student, her absence is considered as "temporary." consequently she meets the residence test and is a considered a qualifying child of the bennetts.