Employers have 24 hours to report a work-related death of an employee to OSHA.

As of December 31, 2015, Morley Company has liabilities of $5,000 and stockholders' equity of $7,000. It received revenues of $23,000 during the year ended December 31, 2015. What are the assets for Morley Company as of December 31, 2015?

A. $12,000 B. $35,000 C. $25,000 D. $2,000

Creighton Industries is considering the purchase of a new strapping machine, which will cost

$150,000, plus an additional $10,500 to ship and install. The new machine will have a 5-year useful life and will be depreciated to zero using the straight-line method. The machine is expected to generate new sales of $45,000 per year and is expected to save $16,000 in labor and electrical expenses over the next 5-years. The machine is expected to have a salvage value of $20,000. Creighton's income tax rate is 35%. Creighton uses a 12.5% discount rate for capital budgeting purposes. What is the machine's NPV? A) $22,153 B) $29,888 C) $27,894 D) $25,062