There is an income tax on the planet bozone. both annual income, x , and income tax, t ( x ) , are measured in the local currency, the bozat ( b η ). if the annual income x < 1000 , then the income tax is 10% of the income: t ( x ) = 0.10 x . if annual income x ≥ 1000 , then the income tax is 15% of the income: t ( x ) = 0.15 x . a. the equation for the income tax on income between b η 0 and b η 1000 is of the form t ( x ) = m x + b . find the values of m and b .

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Walsh company manufactures and sells one product. the following information pertains to each of the company’s first two years of operations: variable costs per unit: manufacturing: direct materials $ 25 direct labor $ 12 variable manufacturing overhead $ 5 variable selling and administrative $ 4 fixed costs per year: fixed manufacturing overhead $ 400,000 fixed selling and administrative expenses $ 60,000 during its first year of operations, walsh produced 50,000 units and sold 40,000 units. during its second year of operations, it produced 40,000 units and sold 50,000 units. the selling price of the company’s product is $83 per unit. required: 1. assume the company uses variable costing: a. compute the unit product cost for year 1 and year 2. b. prepare an income statement for year 1 and year 2. 2. assume the company uses absorption costing: a. compute the unit product cost for year 1 and year 2. b. prepare an income statement for year 1 and year 2. 3. reconcile the difference between variable costing and absorption costing net operating income in year 1.

When the amount for land is 36,000 and the amount paid for expenses is 10,000, the balance of total asset is