Quentin's December 31, 2013, inventory T-account debit balance was $56,000. During 2014, its inventory purchases amounted to $25,000, and there were no inventory-related write-downs or losses. What was Quentin's 2014 cost of goods sold expense? Quentin Company
Balance Sheet as of December 31,2014
Assets Liabilities
Current Assets Current Liabilities
Cash $42,000 Accounts payable 30,000
Inventory $36,000 Short-term debt 42,000
Prepaid expense 12.000 Total current liabilities 72,000
Total current assets90,000
Non-current Liabilities
Bond payable 34,000
Plant and equipment
(net) 56,000 Owner's Equity
Patent (net) 24,000 Common stock 20,000
Total Assets $170,000 Retained earnings 44,000
Total Liabilities and
Owners Equity $170.D00
a. $5,000.
b. $67,000.
c. $20,000.
d. $45,000.

In three to four sentences, explain the effect of a price ceiling on the quantity of a good and who this intervention intends to assist

If you were running a company, what are at least two things you could do to improve its productivity.

Problem 9-5. net present value and taxes [lo 1, 2] penguin productions is evaluating a film project. the president of penguin estimates that the film will cost $20,000,000 to produce. in its first year, the film is expected to generate $16,500,000 in net revenue, after which the film will be released to video. video is expected to generate $10,000,000 in net revenue in its first year, $2,500,000 in its second year, and $1,000,000 in its third year. for tax purposes, amortization of the cost of the film will be $12,000,000 in year 1 and $8,000,000 in year 2. the company’s tax rate is 35 percent, and the company requires a 12 percent rate of return on its films. required what is the net present value of the film project? to simplify, assume that all outlays to produce the film occur at time 0. should the company produce the film?