A company with fixed manufacturing costs of $500,000 produces 100,000 units in 2020 and 125,000 units in 2021. The company sells 90,000 units each in both years. Other costs and selling price are unchanged for 2020 and 2021. Assume that there was no beginning inventory in 2020. Which of the following is true? Variable costing income will be greater in 2020 than in 2021. The dollar amount of ending inventory will be greater in 2020 than in 2021. Variable costing income will be the same in 2021 and 2020.

Assume that on September 1 Office Depot had an inventory that included a variety of calculators. The company uses a perpetual inventory system. During September these transactions occurred.

Sept. 6 Purchased calculators from Green Box Co. at a total cost of $1,620, terms n/30.

9 Paid freight of $50 on calculators purchased from Green Box Co.

10 Returned calculators to Green Box Co. for $38 credit because they did not meet specifications.

12 Sold calculators costing $520 for $780 to University Book Store, terms n/30.

14 Granted credit of $45 to University Book Store for the return of one calculator that was not ordered. The calculator cost $28.

20 Sold calculators costing $570 for $900 to Campus Card Shop, terms n/30.

Journalize the Septemper transactions? be clear and write every number from where it comes

Current practice requires that the assets acquired in a business combination be measured at fair value as defined by SFAS No. 157 (see FASB ASC 820-10).

Side 1: Argue that the acquiring company should measure the acquired company's plant assets that it plans to use in int operations in accordance with the requirements of SFAS No. 141 before its revisions.

Side 2: Argue that the acquiring company should measure the acquired company's plant assets that it plans to use in its operations in accordance with the SFAS No. 141 revision. Choose one side and present an argument.

Ashley Company began operations in 2020. Ashley’s pretax financial income for 2020 was $450,000. The tax law in 2020 says that the tax rate in 2020 is 25%, but it will be 20% in 2021 and in future years. Ashley’s pretax financial income for 2020 contained the following items that are treated differently for financial purposes than they are for tax purposes: Differences Amount included in Pretax Financial Income Amount included in Taxable Income Difference1 1. Interest earned on State of Ohio Bonds. (Note: Interest on these bonds is exempt from Federal Income Tax.) $ 9,000 $ 0 $ 9,000 2. Gross profit on installment sales. 300,000 200,000 100,000 3. Warranty expense. 19,600 13,600 6,000 4. Depreciation on machinery. 20,000 200,000 180,000

1 Note: Each difference shown above is shown as an absolute value. Therefore, that number contains no information about whether that difference should be added or subtracted in preparing the reconciliation of pretax financial income to taxable income. You are responsible for deciding how each difference should be treated.

Instructions:

A. Prepare a reconciliation of pretax financial income to taxable income for Ashley Company for 2020.

B. Compute Ashley’s Income Tax Payable as of the end of 2020.

C Compute the year-end balances in any deferred income tax asset and/or deferred income tax liability accounts that exist as of the end of 2020.

D. Compute Ashley’s Income Tax Expense for 2020.

What are the most important preparations needed by yourself before attending a job interview and how could you enhance the chance of you being selected as the ideal candidate during the said interview

MBA - Managerial Economics

Discuss briefly the supply schedule and the various factors affecting the supply in the market.

Thanks

On January 1st 2020 The Deloit and Acme Companies had the following balance sheets:

On January 2nd Deloit acquired of 90% the outstanding stock of Acme Company for 500,000 shares of common stock. On January 2nd Deloit stock was selling for $2 per share.

On January 1st the fair market value of Acme's land was $125,000; the fair market value of their inventory was $130,000; the fair market value of the equipment was $30,000; other assets and liabilities had a fair market value equal to book value.

A) Make the journal entry Deloit makes when it acquires the Acme stock

B) Make the journal entry Acme makes when its stock is acquired by Deloit

C) Prepare a consolidated balance sheet on Jan 2nd

D) Make the necessary worksheet entries needed to prepare the consolidated balance sheet

On January 1st 2020 The Skywalker and Vadar Companies had the following balance sheets:

On January 2nd Skywalker acquired all of the outstanding stock of Vadar Company for 500,000 shares of common stock. On January 2nd Skywalker stock was selling for $2 per share.

On January 1st the fair market value of Vadar's land was $125,000; the fair market value of their inventory was $130,000; the fair market value of the equipment was $30,000; other assets and liabilities had a fair market value equal to book value

REQUIRED:

1. MAKE THE JOURNAL ENTRY SKYWALKER MAKES WHEN IT ACQUIRES THE VADAR STOCK
2. MAKE THE JOURNAL ENTRY VADAR MAKES WHEN ITS STOCK IS ACQUIRED BY SKYWALKER
3. PREPARE A CONSOLIDATED BALANCE SHEET ON JANUARY 2^ND
4. MAKE THE NECESSARY WORKSHEET ENTRIES NEEDED TO PREPARE THE CONSOLDIATED BALANCE SHEET.

Bottlenecks and the founder effect are two different types of genetic drift. How do they differ? Provide an example of each

On January 2, 2020, Crane Company began construction of a new citrus processing plant. The automated plant was finished and ready for use on September 30, 2021. Expenditures for the construction were as follows:

Crane Company borrowed $3240000 on a construction loan at 12% interest on January 2, 2020. This loan was outstanding during the construction period. The company also had $12480000 in 9% bonds outstanding in 2020 and 2021.

The interest capitalized for 2021 was:

$355107

$84676

$291600

$376276