Mahre, incorporated, a new york corporation, runs ski tours in a several states. mahre also has a new york retail store and an internet store which ships to out of state customers. the ski tours operate in maine, new hampshire, and vermont where mahre has employees and owns and uses tangible personal property. mahre has real property only in new york. mahre has the following sales:

mahre sales
state goods services total
alaska $ 23,224 $ 0 $ 23,224
colorado 10,642 0 10,642
maine 36,018 156,189 192,207
new hampshire 26,841 325,672 352,513
new york 65,566 0 65,566
vermont 42,102 277,726 319,828
totals $ 204,393 $ 759,587 $ 963,980

assume the following sales tax rates: alaska (0 percent), colorado (7.75 percent), maine (8.5 percent), new hampshire (0 percent), new york (8 percent), and vermont (5 percent). how much sales and use tax must mahre collect and remit?

multiple choice

$10,412.

$14,485.

$26,763.

$61,319.

On january 1, 2017, fisher corporation purchased 40 percent (90,000 shares) of the common stock of bowden, inc. for $980,000 in cash and began to use the equity method for the investment. the price paid represented a $48,000 payment in excess of the book value of fisher's share of bowden's underlying net assets. fisher was willing to make this extra payment because of a recently developed patent held by bowden with a 15-year remaining life. all other assets were considered appropriately valued on bowden's books. bowden declares and pays a $90,000 cash dividend to its stockholders each year on september 15. bowden reported net income of $400,000 in 2017 and $348,000 in 2018. each income figure was earned evenly throughout its respective year. on july 1, 2018, fisher sold 10 percent (22,500 shares) of bowden's outstanding shares for $338,000 in cash. although it sold this interest, fisher maintained the ability to significantly influence bowden's decision-making process. prepare the journal entries for fisher for the years of 2017 and 2018. (if no entry is required for a transaction/event, select "no journal entry required" in the first account field. do not round intermediate calculations. round your final answers to the nearest whole dollar.)

Pear co.’s income statement for the year ended december 31, as prepared by pear’s controller, reported income before taxes of $125,000. the auditor questioned the following amounts that had been included in income before taxes: equity in earnings of cinn co. $ 40,000 dividends received from cinn 8,000 adjustments to profits of prior years for arithmetical errors in depreciation (35,000) pear owns 40% of cinn’s common stock, and no acquisition differentials are relevant. pear’s december 31 income statement should report income before taxes of

(a) what do you think will happen if the price of non-gm crops continues to rise? why? (b) what will happen if the price of non-gm food drops? why?