Are men and women inherently different, or are they essentially the same, through society teaches us to be different from each other?

Luxley Corporation has $150,000 of income before taxes in its 2020 accounting records. In computing income tax expense, Luxley makes the following                                          
observations of differences between the accounting records and the tax return:                                          
                                          
1.     An accelerated depreciation method is used for tax purposes. In 2020, Luxley reports $12,000 more depreciation expense for tax purposes                                           
than it shows in the accounting records. The excess depreciation is expected to reverse in 2023.                                          
                                          
2.     In 2020, Luxley collected $120,000 from a business that is renting a portion of its warehouse. The $120,000 covers the rental payment                                           
for the four years 2021-2024, and therefore no rental revenue has been recognized for 2020. However, XYZ must pay taxes on the entire                                           
amount collected in 2020.                                          
                                          
The enacted tax rate in 2020 is 21%. It is 23% in 2021 and in 2022, and is 24% in 2023 and years following.                                          
                                          
Required:                                          
a.   Calculate taxable income for 2020.                                       
                                          
b.   Prepare the journal entry necessary to record income taxes at the end of 2020.                                        
                                          
c.   How would any deferred tax amounts be reported on a classified balance sheet?                                        
                                          
d.   Assume that Luxley’s 2021 pretax accounting income is $27,000 and that Luxley reports $6,000 more depreciation expense                                       
   for tax purposes than it shows in the accounting records, expected to reverse in 2024. Also during 2021, Luxley invests in tax-free                                       
   municipal bonds that earn $9,000 interest in 2021. Prepare the journal entry necessary to record income taxes at the end of 2021.                                        
                                          
e.   What is the amount of net income or loss that Luxley would report on its 2021 income statement and how will it be reported?                    

What do you believe makes us human? Base your response from the GCU introduction and the textbooks. Cite references from your reading to support your answer

Agents of socialization teach us ways that we should act and think about ourselves, but they also teach us how we should think about and act toward others. What kinds of messages did you receive from different agents of socialization about gender? What did you learn about boys and girls and from where did you learn these messages? What about race? What kinds of messages did you receive about white people? Black people? Asian? Hispanic?

I am a US chocolate importer who is importing Belgian chocolate from Belgium worth € 1 million and the amount is due in 360 days. I want to hedge my Belgian euro payables using a money market hedge and obtain the following quotes from my banker: Spot rate is: $1.1000 – $ 1.1100 / € The Belgium interest rates are: 3.0 % - 3.4 % annually and US interest rates are: 2.1 % – 2.5 % annually. Using a money market hedge and bid-ask spreads, what are my $ payables in 360 days?

am a US chocolate importer who is importing Belgian chocolate from Belgium worth € 1 million and the amount is due in 360 days. I want to hedge my Belgian euro payables using amoney market hedge and obtain the following quotes from my banker:

Spot rate is: $1.1000 – $ 1.1100 / €

The Belgium interest rates are:                3.0 % - 3.4 % annually and

US interest rates are:                                 2.1 % – 2.5 % annually.

Using a money market hedge and bid-ask spreads, what are my $ payables in 360 days?

ABC Company began operations on July 1, 2019. The company was organized and owned by three former employees of a large computer manufacturer. The firm produces a component used in several brands of personal computers. One of the major stockholders has just finished her first accounting course at a nearby university and has agreed to perform accounting services for the firm. At the end of July, she prepared the following income statement: ABC Company Income Statement For the Month Ended July 31, 2019 US $ US $ Sales 600,000 Operating expenses: Selling and administrative 156,000 Raw materials purchased 192,000 Direct labor 161,000 Indirect labor 70,000 Building rent 60,000 Utilities 20,000 Royalty on production patent 60,000 Plant maintenance 18,000 Plant equipment rental 20,000 Total operating expenses 757,000 Net income (loss) (157,000) The accountant was very confused when she completed the income statement. Throughout the month, the three owners observed that the sales and production performance for the firm had been in line with their expectations. In addition, the selling price per component had been $20, which was the expected selling price. Yet, the income statement shows a significant net loss of $157,000 for the first month of operations. The company president’s reaction to the financial results was even more negative after he had a chance to review the calculations. “This simply cannot reflect what happened,” was his initial comment. “We were expecting a unit production cost for each component in the $12 to $13 range when we set our selling price of $20, which is compatible with the price charged by our main competitors. Now you are telling me that our unit cost must be significantly higher than that when we produced 40,000 units during July. What in the world is wrong? We cannot survive at this rate and we sure cannot raise our selling price. Let’s look at these numbers again.” The accountant reconsidered the situation and discovered the following: 1. Inventories at the end of July: Raw materials $22,000 Work in process $80,000 Finished goods ? 2. The production operation uses 70% of the building and the selling and administrative functions occupy the other 30%. Utilities are used in the same ratio. 3. A production patent used by the firm has a royalty of $2 per component produced. 4. Rent on the plant equipment is $5,000 per month plus $0.5 per component produced. Required: A. How many components were sold during July? B. How many components were in the ending finished goods inventory on July 31, 2019? C. Prepare a corrected income statement for July and a supporting cost of goods manufactured statement. Determine the unit production cost for each of the 40,000 components produced to compute the cost of the ending finished goods inventory

Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March.

3. Compute the cost assigned to ending inventory using (a) FIFO, (b) LIFO, (c) weighted average, and (d) specific identification. For specific identification, the March 9 sale consisted of 75 units from beginning inventory and 205 units from the March 5 purchase; the March 29 sale consisted of 55 units from the March 18 purchase and 95 units from the March 25 purchase.

Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March. Date Activities Units Acquired at Cost Units Sold at Retail Mar. 1 Beginning inventory 60 units @ $50.20 per unit Mar. 5 Purchase 205 units @ $55.20 per unit Mar. 9 Sales 220 units @ $85.20 per unit Mar. 18 Purchase 65 units @ $60.20 per unit Mar. 25 Purchase 110 units @ $62.20 per unit Mar. 29 Sales 90 units @ $95.20 per unit Totals 440 units 310 units 3. Compute the cost assigned to ending inventory using (a) FIFO, (b) LIFO, (c) weighted average, and (d) specific identification. For specific identification, the March 9 sale consisted of 45 units from beginning inventory and 175 units from the March 5 purchase; the March 29 sale consisted of 25 units from the March 18 purchase and 65 units from the March 25 purchase.

Warnerwoods Company uses a periodic inventory system. It entered into the following purchases and sales transactions for March. Date Activities Units Acquired at Cost Units Sold at Retail Mar. 1 Beginning inventory 140 units @ $75 per unit Mar. 5 Purchase 440 units @ $80 per unit Mar. 9 Sales 460 units @ $110 per unit Mar. 18 Purchase 200 units @ $85 per unit Mar. 25 Purchase 280 units @ $87 per unit Mar. 29 Sales 240 units @ $120 per unit Totals 1,060 units 700 units For specific identification, the March 9 sale consisted of 90 units from beginning inventory and 370 units from the March 5 purchase; the March 29 sale consisted of 80 units from the March 18 purchase and 160 units from the March 25 purchase. 3. Compute the cost assigned to ending inventory using (a) FIFO, (b) LIFO, (c) weighted average, and (d) specific identification.