The following facts relate to Duncan Corporation.
1. Deferred tax liability, January 1, 2020, $21,800.
2. Deferred tax asset, January 1, 2020, $0.
3. Taxable income for 2020, $103,550.
4. Pretax financial income for 2020, $218,000.
5. Cumulative temporary difference at December 31, 2020, giving rise to future taxable amounts, $261,600.
6. Cumulative temporary difference at December 31, 2020, giving rise to future deductible amounts, $38,150.
7. Tax rate for all years, 20%.
8. The company is expected to operate profitably in the future.
Required:
a. Compute the amont of pretax financial income for 2020.
b. Prepare the journal entry to record income tax expense, deferred income taxes and income taxes payable for 2020.

Nichols inc. manufactures remote controls. currently the company uses a plantminuswide rate for allocating manufacturing overhead. the plant manager is considering switchingminusover to abc costing system and has asked the accounting department to identify the primary production activities and their cost drivers which are as follows: activities cost driver allocation rate material handling number of parts $5 per part assembly labor hours $20 per hour inspection time at inspection station $10 per minute the current traditional cost method allocates overhead based on direct manufacturing labor hours using a rate of $20 per labor hour. what are the indirect manufacturing costs per remote control assuming an method is used and a batch of 10 remote controls are produced? the batch requires 100 parts, 5 direct manufacturing labor hours, and 3 minutes of inspection time.

Stocks a, b, and c are similar in some respects: each has an expected return of 10% and a standard deviation of 25%. stocks a and b have returns that are independent of one another; i.e., their correlation coefficient, r, equals zero. stocks a and c have returns that are negatively correlated with one another; i.e., r is less than 0. portfolio ab is a portfolio with half of its money invested in stock a and half in stock b. portfolio ac is a portfolio with half of its money invested in stock a and half invested in stock c. which of the following statements is correct? a. portfolio ab has a standard deviation that is greater than 25%.b. portfolio ac has an expected return that is less than 10%.c. portfolio ac has a standard deviation that is less than 25%.d. portfolio ab has a standard deviation that is equal to 25%.e. portfolio ac has an expected return that is greater than 25%.

Modern firms increasingly rely on other firms to supply goods and services instead of doing these tasks themselves. this increased level of is leading to increased emphasis on management.