Dre Inc. began operations on 01/01/2020 and bought some equipment for $30,000. Dre uses a four-year straight-line depreciation for accounting purposes. For tax, the deduction is 40% of cost in 2020, 30% in 2021, and 30% in 2022. Pretax accounting income for 2020 was $160,000, including interest revenue of $25,000 from municipal bonds. The tax rate is 30% for all years.

Required:
Prepare a journal entry to record income taxes for the year 2020. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

Make sure the answers are correct, well explained, thoughtful, and have no grammar mistakes. DO NOT COPY answers from Chegg or other websites. The answer should be unique and original work. The answer should be no less than 300 words. Thanks in advance.

As an employee, doesn't have to be a retail employee for this DB mind you, what would motivate you most of the following and at least give me a sentence or two of WHY it is ranked there, in other words, put all 6 in your order of importance and WHY:

- Monetary compensation (salary, bonus, stock options, etc.)

- Time off (extra paid days off as in extra vacation or paid personal days to use, etc.)

- Being able to work from home occasionally/telecommuting ONCE Covid-19 is hopefully behind us at some point in the future

- Company Subsidized Gym access at work ONCE Covid-19 is hopefully behind us at some point in the future

- Company Subsidized Child Day Care at work ONCE Covid-19 is hopefully behind us at some point in the future

- Better medical/dental/vision plans, etc.

Then, for Store Layout, Design & Visual Merchandising:

- Tell the class a store layout you really think really is set up physically well (as in the aisles, layout, etc.) and WHY and then one you think is poorly set up and WHY.

- Tell the class a store atmosphere where color is used correctly AND one that isn't

- Tell the class a store atmosphere where music is used correctly AND one that isn't.

- Lastly, tell the class a store atmosphere where scent/aroma is used correctly AND on that isn't.

1.The following information is available for completed Job No. 402: Direct materials, $220000; direct labor, $280000; manufacturing overhead applied, $210000; units produced, 5000 units; units sold, 4000 units. The cost of the finished goods on hand from this job is

2.If a company has a discontinued operation gain of $45000 and a 34% tax rate, what is the effect on net income?

3.Cullumber Company sold its licorice division resulting in a loss of $83000. Assuming a tax rate of 29%, the loss on this disposal will be reported on the income statement at what amount?

4.Crane Company's accounting records reflect the following inventories:

During 2017, $700000 of raw materials were purchased, direct labor costs amounted to $670000, and manufacturing overhead incurred was $640000.
Crane Company's total manufacturing costs incurred in 2017 amounted to

5.Vaughn Manufacturing's accounting records reflect the following inventories:

During 2020, $1000000 of raw materials were purchased, direct labor costs amounted to $768200, and manufacturing overhead incurred was $768000.

If Vaughn Manufacturing's cost of goods manufactured for 2020 amounted to $2346200, its cost of goods sold for the year is

6.Coronado Industries's accounting records reflect the following inventories:

During 2020, Coronado purchased $1450000 of raw materials, incurred direct labor costs of $250000, and incurred manufacturing overhead totaling $160000.
How much raw materials were transferred to production during 2020 for Coronado?

7.Waterway Industries reported total manufacturing costs of $400000, manufacturing overhead totaling $60000, and direct materials totaling $65000. How much is direct labor cost?

Construct EFE & IEF matrices for The British University . Apply any one
of the matching stage tools (SWOT matrix, SPACE matrix, BCG matrix, IE matrix, Grand
Strategy matrix) to formulate strategies for the British university. Calculate and suggest the relative
attractiveness of alternative strategies for the British university through the application of QSPM.

Carla Vista Company manufactures one product. On December 31, 2019, Carla Vista adopted the dollar-value LIFO inventory method. The inventory on that date using the dollar-value LIFO inventory method was $960,000. Inventory data are as follows:

Compute the inventory at December 31, 2020, 2021, and 2022, using the dollar-value LIFO method for each year.

1. Mercy Sports Shop started operations on 1^st January, 2020. The firm sells sports shoes in shopping malls. The company expects a 20 per cent increase in sales per month for November and December 2020. Mercy has budgeted sales as indicated in the following table:

Required:-

1. Using excel complete the sales budget by filling in the missing amounts.   
2. Determine the amount of sales revenue that will appear on the pro-forma income statement for the company’s fourth quarter 2020.

During 2020, Sweet Company started a construction job with a contract price of $1,620,000. The job was completed in 2022. The following information is available.

(a)

Compute the amount of gross profit to be recognized each year, assuming the percentage-of-completion method is used.

For 2020, prepare a pension worksheet for Brownie Company that shows the journal entry for pension expense and the year-end balances in the related pension accounts.

wners and employees of a company can create contractual personal liability for themselves if they sign a contract on behalf of the company, but the wording of the contract does not make it clear that the signer is signing on behalf of a company. This often occurs when an employee signs a guaranty on behalf of the company. As this article on guaranty (Links to an external site.)Links to an external site. notes, it can be very difficult for the guarantor do get out of the personal guarantee. The other contracting party must release the guarantor from the agreement.

The Perfect Petal, a florist company, entered into a credit agreement with Flower Supplier, Inc. Flower Supplier, Inc., required Mandy, the CEO of The Perfect Petal, to sign a personal guaranty with a credit agreement. The credit agreement and personal guaranty were very similar to the one here. A few years later, Mandy called Flower Supplier, Inc. and told someone that she was selling The Perfect Petal to Jim, but never heard back from them.

A few years more passed and Flower Supplier, Inc. contacted Mandy to say that The Perfect Petal had racked up a huge bill and that Mandy, as guarantor of the credit agreement, was liable.

Why is a personal guarantee preferable to a lien in this situation? (Hint, is there a type of lien that Flower Supplier could get on Perfect Petal's property?).

Assuming that Mandy did not properly terminate the guaranty, is holding her liable on a credit agreement relating to a company she sold the appropriate outcome? Why are personal guarantys so difficult to terminate? Would this make you think twice about entering into a personal guaranty?