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Stratford Company purchased a machine with an estimated useful life of seven years. The machine will generate cash inflows of $90,000 each year over the next seven years. If the machine has no salvage value at the end of seven years, and assuming the company's discount rate is 10%, what is the purchase price of the machine if the net present value of the investment is $170,000?
A. $221,950
B. $170,000
C. $268,120
D. $438,120
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At the end of 2011, Tatum Co. has accounts receivable of $700,000 and an allowance for doubtful accounts of $28,000. On January 24, 2012, it is learned that the company's receivable from Novinger Inc-Make the journal entries to record the payment.
Gulick Company developed the following data for the current year: Gulick Company's direct labor cost for the year is ??
Is Margaret's behavior regarding the cost information she provided to Susan unethical? Explain your answer.
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