Assume maple corp. has just completed the third year of its existence (year 3). the table below indicates maple's ending book inventory for each year and the additional §263a costs it was required to include in its ending inventory. maple immediately expensed these costs for book purposes. in year 2, maple sold all of its year 1 ending inventory, and in year 3 it sold all of its year 2 ending inventory. year 1 year 2 year 3ending book inventory $2,510,000 $2,950,000 $2,225,000 additional §263a costs 65,000 88,750 59,500 ending tax inventory $2,575,000 $3,038,750 $2,284,500 1. what book-tax difference associated with its inventory did maple report in year 1? was the difference favorable or unfavorable? was it permanent or temporary? 2. what book-tax difference associated with its inventory did maple report in year 2? was the difference favorable or unfavorable? was it permanent or temporary? 3. what book-tax difference associated with its inventory did maple report in year 3? was the difference favorable or unfavorable? was it permanent or temporary?

Which term refers to the cost that motivates an economic decision

Insurance companies have internal controls in place to protect assets, monitor the accuracy of accounting records and encourage operational efficiencies and adherence to policies. these internal controls are generally of two types: administrative controls and accounting controls. administrative controls are the policies and procedures that guide the daily actions of employees. accounting controls are the policies and procedures that delineate authorizations of financial transactions that are done, safeguard assets, and provide reports on the company’s financial status in a reliable and timely manner. internal controls should include both preventative and detective controls. the purpose of preventative controls is to stop problems and errors before they occur. detective controls identify problems after they have occurred. preventative controls are usually more effective at reducing problems, but they also tend to be more expensive. internal controls must be flexible to adjust for changes in laws and regulations in addition to adding new products or modifying current ones. companies must also do regular analyses to ensure that the benefits of implementing the controls are worth their costs. when concerned about paying unwarranted insurance claims which type of control would be useful?

Sales at a fast-food restaurant average $6,000 per day. the restaurant decided to introduce an advertising campaign to increase daily sales. to determine the effectiveness of the advertising campaign, a sample of 49 days of sales were taken. they found that the average daily sales were $6,300 per day. from past history, the restaurant knew that its population standard deviation is about $1,000. if the level of significance is 0.01, have sales increased as a result of the advertising campaign? multiple choicea)fail to reject the null hypothesis.b)reject the null hypothesis and conclude the mean is higher than $6,000 per day.c)reject the null hypothesis and conclude the mean is lower than $6,000 per day.d)reject the null hypothesis and conclude that the mean is equal to $6,000 per day.expert answer