Use the following information to answer this question. Net sales. Windswept, Inc. 2017 Income Statement Cost of goods sold Depreciation ($ in millions) Earnings before interest and taxes Interest paid Taxable income Taxes Net income $ 9,250 7,560 445 $ 1,245 96 $ 1,149 402 $ 747 Windswept, Inc. 2016 and 2017 Balance Sheets ($ in millions) Cash Accounts rec. Inventory Total Net fixed assets Total assets 2016 2017 2016 2017 $ 190 $ 220 920 1,690 820 Accounts payable Long-term debt $1,210 $1,285 1,060 1,260 1,635 $2,675 Common stock 3,260 3,130 Retained earnings 600 850 3,330 3,850 $2,800 $6,130 $6,525 Total liab. & equity What is the quick ratio for 2017? $6,130 $6,525 O 1.91 times O 0.81 times 0.79 times O 1.27 times O 2.08 times

part b is incorrect. Can you rework it?

The management of Kunkel Company is considering the purchase of a $21,000 machine that would reduce operating costs by $5,000 per year. At the end of the machine’s five-year useful life, it will have zero salvage value. The company’s required rate of return is 12%.   Click here to view Exhibit 12B-1 and Exhibit 12B-2, to determine the appropriate discount factor(s) using table.   Required: 1. Determine the net present value of the investment in the machine. 2. What is the difference between the total, undiscounted cash inflows and cash outflows over the entire life of the machine?

Give two examples of errors of commission?