south carolina corporation has one temporary difference at the end of 2014 that will reverse and cause taxable amounts of $55,000 in 2015, $60,000 in 2016, and $65,000 in 2017. south carolina's pretax financial income for 2014 is $300,000, and the tax rate is 30% for all years. there are no deferred taxes at the beginning of 2014.
instructions

(a)
compute taxable income and income taxes payable for 2014.

(b)
prepare the journal entry to record income tax expense, deferred income taxes, and income taxes payable for 2014.

(c)
prepare the income tax expense section of the income statement for 2014, beginning with the line ? income before income taxes.?

Haley photocopying purchases a paper from an out-of-state vendor. average weekly demand for paper is 150 cartons per week for which haley pays $15 per carton. in bound shipments from the vendor average 1000 cartoons with an average lead time of 3 weeks. haley operates 52 weeks per year; it carries a 4-week supply of inventory as safety stock and no anticipation inventory. the vendor has recently announced that they will be building a faculty near haley photocopying that will reduce lead time to one week. further, they will be able to reduce shipments to 200 cartons. haley believes that they will be able to reduce safety stock to a 1-week supply. what impact will these changes make to haley’s average inventory level and its average aggregated inventory value?