Danner company expects to have a cash balance of $45,000 on january 1, 2014. relevant monthly budget data for the first 2 months of 2014 are as follows. collections from customers: january $85,000, february $150,000.payments for direct materials: january $50,000, february $75,000.direct labor: january $30,000, february $45,000. wages are paid in the month they are incurred. manufacturing overhead: january $21,000, february $25,000. these costs include depreciation of $1,500 per month. all other costs are paid as incurred. selling and administrative expenses: january $15,000, february $20,000. these costs are exclusive of depreciation. they are paid as incurred. sales of marketable securities in january are expected to realize $12,000 in cash. danner company has a line of credit at a local bank that enables it to borrow up to $25,000. the company wants to maintain a minimum monthly cash balance of $20,000.instuctions: prepare a cash budget for january and february.

Cardinal company is considering a project that would require a $2,725,000 investment in equipment with a useful life of five years. at the end of five years, the project would terminate and the equipment would be sold for its salvage value of $400,000. the company’s discount rate is 14%. the project would provide net operating income each year as follows: sales $2,867,000 variable expenses 1,125,000 contribution margin 1,742,000 fixed expenses: advertising, salaries, and other fixed out-of-pocket costs $706,000 depreciation 465,000 total fixed expenses 1,171,000 net operating income $571,000 1. which item(s) in the income statement shown above will not affect cash flows? (you may select more than one answer. single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. any boxes left with a question mark will be automatically graded as incorrect.) (a)sales (b)variable expenses (c) advertising, salaries, and other fixed out-of-pocket costs expenses (d) depreciation expense 2. what are the project’s annual net cash inflows? 3.what is the present value of the project’s annual net cash inflows? (use the appropriate table to determine the discount factor(s) and final answer to the nearest dollar amount.) 4.what is the present value of the equipment’s salvage value at the end of five years? (use the appropriate table to determine the discount factor(s) and final answer to the nearest dollar amount.) 5.what is the project’s net present value? (use the appropriate table to determine the discount factor(s) and final answer to the nearest dollar amount.)