Ayres services acquired an asset for $104 million in 2018. the asset is depreciated for financial reporting purposes over four years on a straight-line basis (no residual value). for tax purposes the asset’s cost is depreciated by macrs. the enacted tax rate is 40%. amounts for pretax accounting income, depreciation, and taxable income in 2018, 2019, 2020, and 2021 are as follows: ($ in millions) 2018 2019 2020 2021 pretax accounting income $ 390 $ 410 $ 425 $ 460 depreciation on the income statement 26.0 26.0 26.0 26.0 depreciation on the tax return (31.0 ) (39.0 ) (21.0 ) (13.0 ) taxable income $ 385 $ 397 $ 430 $ 473 required: determine
(a) the temporary book–tax difference for the depreciable asset
(b) the balance to be reported in the deferred tax liability account.

(leave no cell blank, enter "0" wherever applicable. show all amounts as positive amounts. enter your answers in millions rounded to 1 decimal place (i. e., 5,500,000 should be entered as 5.

You are a manager at asda. you have been given the demand data for the past 10 weeks for swim rings for children. you decide to run multiple types of forecasting methods on the data to see which gives you the best forecast. if you were to use exponential smoothing with alpha =.8, what would be your forecast for week 22? (the forecast for week 21 was 1277.) week demand 12 1317 13 1307 14 1261 15 1258 16 1267 17 1256 18 1268 19 1277 20 1277 21 1297

Costco wholesale corporation operates membership warehouses selling food, appliances, consumer electronics, apparel and other household goods at 471 locations across the u.s. as well as in canada, mexico and puerto rico. as of its fiscal year-end 2005, costco had approximately 21.2 million members. selected fiscal-year information from the company's balance sheets follows. ($ millions). selected balance sheet data 2005 2004 merchandise inventories $4,015 $3,644 deferred membership income (liability) 501 454 (a) during fiscal 2005, costco collected $1,120 cash for membership fees. use the financial statement effectstemplate to record the cash collected for membership fees. (b) in 2005, costco recorded $46,347 million in merchandise costs (that is, cost of goods sold). record thistransaction in the financial statement effects template. (c) determine the value of merchandise that costco purchased during fiscal-year 2005. use the financial statementeffects template to record these merchandise purchases. assume all of costco's purchases are on credit.

Bcorporation, a merchandising company, reported the following results for october: sales $ 490,000 cost of goods sold (all variable) $ 169,700 total variable selling expense $ 24,200 total fixed selling expense $ 21,700 total variable administrative expense $ 13,200 total fixed administrative expense $ 33,600 the contribution margin for october is: