For the year ended december 31, 2018, fidelity engineering reported pretax accounting income of $996,000. selected information for 2018 from fidelity’s records follows: interest income on municipal bonds $ 35,800 depreciation claimed on the 2018 tax return in excess of depreciation on the income statement 60,700 carrying amount of depreciable assets in excess of their tax basis at year-end 94,500 warranty expense reported on the income statement 28,850 actual warranty expenditures in 2018 17,900 fidelity's income tax rate is 40%. at january 1, 2018, fidelity's records indicated balances of zero and $13,520 in its deferred tax asset and deferred tax liability accounts, respectively. required: 1. determine the amounts necessary to record income taxes for 2018 and prepare the appropriate journal entry. 2. what is fidelity’s 2018 net income?

Panera bread is a chain of cafes serving sandwiches, soups, and freshly baked breads. the company began in 1981 with stores primarily located along the east coast of the united states. since then, the firm has expanded to over 1,300 locations throughout the united states and canada. the firm has strong earnings and has been designated by business week as a "significant growth company." panera bread executives are considering the idea of expanding globally by opening cafes in asia through a franchising strategy. which of the following, if true, supports the argument that panera bread should expand into asia through franchising? a: the panera bread menu changes rapidly, and each cafe's artisan bread bakers receive regular training on new recipes. b: panera bread executives want fast access to the asian market without a significant investment of capital. c: panera bread executives want to test the asian market with a short-term commitment that allows them to make quick profits. d: the panera bread mission is to make excellent bread available to customers around the world.

Used cars usually have options: higher depreciation rate than new cars lower financing costs than new cars lower insurance premiums than new cars lower maintenance costs than new cars

Abbington company has a manufacturing facility in brooklyn that manufactures robotic equipment for the auto industry. for year 1, abbingtonabbington collected the following information from its main production line: actual quantity purchased-200 units, actual quantity used-110 units, units standard quantity-100 units, actual price paid-$8 per unit, standard price-$10 per unit. atlantic isolates price variances at the time of purchase. what is the materials price variance for year 1? 1. $400 favorable. 2. $400 unfavorable. 3. $220 favorable. 4. $220 unfavorable.