The december 31, 2018, year-end inventory balance of the raymond corporation is $244,000. you have been asked to review the following transactions to determine if they have been correctly recorded. goods shipped to raymond f. o.b. destination on december 26, 2018, were received on january 2, 2019. the invoice cost of $47,000 is included in the preliminary inventory balance. at year-end, raymond held $31,000 of merchandise on consignment from the harrison company. this merchandise is included in the preliminary inventory balance. on december 29, merchandise costing $7,700 was shipped to a customer f. o.b. shipping point and arrived at the customer’s location on january 3, 2019. the merchandise is not included in the preliminary inventory balance. at year-end, raymond had merchandise costing $32,000 on consignment with the joclyn corporation. the merchandise is not included in the preliminary inventory balance.

Panera bread is a chain of cafes serving sandwiches, soups, and freshly baked breads. the company began in 1981 with stores primarily located along the east coast of the united states. since then, the firm has expanded to over 1,300 locations throughout the united states and canada. the firm has strong earnings and has been designated by business week as a "significant growth company." panera bread executives are considering the idea of expanding globally by opening cafes in asia through a franchising strategy. which of the following, if true, supports the argument that panera bread should expand into asia through franchising? a: the panera bread menu changes rapidly, and each cafe's artisan bread bakers receive regular training on new recipes. b: panera bread executives want fast access to the asian market without a significant investment of capital. c: panera bread executives want to test the asian market with a short-term commitment that allows them to make quick profits. d: the panera bread mission is to make excellent bread available to customers around the world.

Wilson center is a private not-for-profit voluntary health and welfare entity. during 2017, it received unrestricted pledges of $638,000, 65 percent of which were payable in 2017, with the remainder payable in 2018 (for use in 2018). officials estimate that 14 percent of all pledges will be uncollectible. a. how much should wilson center report as contribution revenue for 2017? b. in addition, a local social worker, earning $20 per hour working for the state government, contributed 600 hours of time to wilson center at no charge. without these donated services, the organization would have hired an additional staff person. how should wilson center record the contributed service?

Afinancing project has an initial cash inflow of $42,000 and cash flows of −$15,600, −$22,200, and −$18,000 for years 1 to 3, respectively. the required rate of return is 13 percent. what is the internal rate of return? should the project be accepted?