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.

Critical Leadership Competencies Needed in 2020

Comment these answer :

What are the key leadership competencies that will be needed in leaders by 2020?

            The key leadership competency that will be needed in leaders by 2020 is the ability to be an effective communicator.   This competency is necessary because technology allows for organizations to be networked and outsourced. Therefore teams will not be in the same office building or even from the same country.

            What are the most significant leadership trends that require a change in leadership approaches by 2020?

            The most significant leadership trend that requires a change in leadership approach by 2020 is authenticity and caring.   Leaders must be real and leaders must care. Authenticity includes credibility and trust. Caring is important because if an employee doesn’t feel that a leader cares about them as a person or individual morale will be low and therefore productivity will decrease.

            What are some of the external trends (e.g., increased globalization, increased diversity, and increased use of technology) that will influence the leadership changes?

            External trends that will influence the leadership change are the use of technology. No longer are face-to-face meetings the norm. Conference calls, video conferencing and email have all transformed meetings. Technology is essential today and will be even more important in 2020.

            What will the employee of 2020 look like in terms of expectations, skills, and experience?

            The 2020 employee will have higher expectations, stronger skills and more work experiences. These terms are all required in order for stakeholder expectations to be met in 2020

What does Carr mean when he discusses a vanishing advantage?

What does the commoditization of IT mean? What is a commodity? How do you make a product into something that is not a commodity? How does this apply to IT?

The examples of railroads and electricity seem to be similar to IT; are these analogies valid? What is different about IT? How is IT similar to these examples?

What does Carr feel are the new rules for IT? Do you think Carr’s recommendations are strategies that firms should follow? Is there are role for IT in innovation and striving for excellence?

Overview Diffusion of innovations (DOI) is a framework which has its root in rural health, where more emphasis on marketing is required in introducing new health behaviors or technologies. It is based on five processes: Innovation Development, Dissemination, Adoption, Implementation, and Maintenance. use of DOI in developing physical activity interventions in children and adolescents. plan your own intervention by using lessons learned from these methods. how students view physical education. Make a 5-point list of what you will do

The social media industry is highly monopolistic with Facebook, users provide Facebook (and 3rd-party companies) with huge amounts of data in exchange for access to the platform. provides Facebook’s algorithms with a clear picture of your preferences or demand for certain goods/services. Technological underperformance is a welfare cost associated with monopolies. For companies such as Facebook, innovation would be minimal due to lack of competition. a) From Industry perspective， please give some ideas to argue that the market doesn't work badly and the government should not interfere

Regarding the hotel/hospitality industry

Who are the competitors? Is it easy to start a business in this industry? Are there significant entry barriers? What are the dominant characteristics and current trends in your industry?

Discuss industry size in terms of the number of companies, total employment, capital investment, major customers, and annual revenues. What are the driving forces of change in the industry, (e.g., innovation, technology, and buyer preferences and lifestyles)? State how organizations compete within the industry and identify the critical success factors in this industry.

The Product Life Cycle:

The 1st Assignment: Select 4 products in the market today, (1 that fits into each of the 4 product life cycle stages) Introduction, Growth, Maturity and Decline and do the following:

• 1st.Describe the product you selected.
• 2nd Describe why they fit into the stage you placed them.

The 2nd Assignment: Look at the Diffusion of Innovation and for either, yourself or a member of your family or both pick a product that you or they purchased that places you or them into each of the 5 categories.

Keynesian economists focus on the short run business cycle-are we going into another recession or not? If unemploymnet increases then federal unemployment benefits are paid out.

Classical economists focus on what the economic growth rate will be for the next 10 or 20 years. Are there enough incentives built into the economy to promote technological innovation and new business?

Environmentalists worry that the focus on growth-whether short term or long term increases environmental damage and climate change.

Which group would you most identify with and why?

1. Describe the major areas of organizational change that have impacted Holden. How are managers at Holden managing the types of changes?

2. A focus and goal of Holden is to be at the forefront of fashionable outerwear. Explain the role of innovation and how this has impacted Holden as an organization.

3. Pretend you are working as a manager for Holden and identify a main area of change Holden is managing on a regular basis. Using the seven steps in the change process, outline a proposed plan that describes what change is needed and why it must be implemented.

1. What would be the benefits or drawbacks of having one single regulatory agency versus the three separate existing agencies we currently have in place?
2. What is meant by the statement “delicate dance of regulation and innovation”?
3. How does the premarket phase in the regulatory process help companies, and how does it work to the benefit of the consumer?
4. The company 23andMe almost failed because of regulatory issues. What could product developers have done differently?
5. What are the potential benefits of “modernizing” the process of biotech regulation?