1. The records for Bosch Co. show this data for 2018: • Gross profit on installment sales recorded on the financial books was $480,000. Gross profit from those same sales for tax purposes was only $320,000. • Life insurance expense on officers was $3,800 for book purposes (not deductible for tax purposes). Machinery was acquired in January for $300,000. For book reporting, straight-line depreciation over a ten-year life (no salvage value) is used. For tax purposes, MACRS depreciation is used which allows Bosch to deduct 14% of the acquisition cost as depreciation for 2018. Income recorded in the financial books for interest received on tax exempt lowa State bonds was $9,000 (not taxable). The estimated warranty liability related to 2018 sales was $21,600 for book purposes. Actual warranty repair costs during 2018 were $13,600, thus the ending book warranty liability was $8,000. The remainder of the costs will be incurred in 2019. Pretax financial (i. e., book) income is $700,000. • The tax rate is 30%. QUESTION 35 1. Refer to the facts in the previous Bosch Co. question. How much is Bosch's taxable income? $530,800 $536,000 $858,800

What is the communication process? why isnt it possible to communicate without using all the elements in the communication process?

The distinction between a normal and an inferior good is

Ida sidha karya company is a family-owned company located on the island of bali in indonesia. the company produces a handcrafted balinese musical instrument called a gamelan that is similar to a xylophone. the gamelans are sold for $860. selected data for the company’s operations last year follow: units in beginning inventory 0 units produced 320 units sold 285 units in ending inventory 35 variable costs per unit: direct materials $ 135 direct labor $ 355 variable manufacturing overhead $ 30 variable selling and administrative $ 15 fixed costs: fixed manufacturing overhead $ 64,000 fixed selling and administrative $ 27,000 the absorption costing income statement prepared by the company’s accountant for last year appears below: sales $ 245,100 cost of goods sold 205,200 gross margin 39,900 selling and administrative expense 31,275 net operating income $ 8,625 required: 1. under absorption costing, how much fixed manufacturing overhead cost is included in the company's inventory at the end of last year? 2. prepare an income statement for last year using variable costing. what is the amount of the difference in net operating income between the two costing methods?