Flounder Company had cash receipts from customers in 2020 of $138,720. Cash payments for operating expenses were $92,170. Flounder has determined that at January 1, accounts receivable was $14,450, and prepaid expenses were $19,410. At December 31, accounts receivable was $18,800, and prepaid expenses were $19,690. Compute (a) service revenue and (b) operating expenses.

You are in the market for a new refrigerator for your company’s lounge, and you have narrowed the search down to two models. the energy efficient model sells for $700 and will save you $45 at the end of each of the next five years in electricity costs. the standard model has features similar to the energy efficient model but provides no future saving in electricity costs. it is priced at only $500. assuming your opportunity cost of funds is 6 percent, which refrigerator should you purchase