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Papa John's Internantional began in the back of a tavern in Jeffersonville, Indiana, and has since become the third largest pizza compny in America. Listed here are transactions that typically occur each year (in millions). Complete the following table, indicating the sign (+ for increase, - for decrease, and NE for no effect) and amount of the effect of each transaction. Provide an account name for any revenue or expense transactions included in stockholders' equity. Consider each item independently.
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The future value of an ordinary annuity of 1 for five periods is 6.10510. The present value of an ordinary annuity of 1 for five periods is 3.79079. What was the cost of the machine?
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Assume cash paid to suppliers for the current year is $350,000, merchandise inventory increased by $5,000 during the year, and accounts payable decreased by $10,000 during the year. What was the cost of goods sold for the current year?
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