Wynn sheet metal reported a net operating loss of $132,000 for financial reporting and tax purposes in 2018. the enacted tax rate is 35%. taxable income, tax rates, and income taxes paid in wynn’s first four years of operation were as follows: taxable income tax rates income taxes paid 2014 $ 76,000 25 % $ 19,000 2015 86,000 25 21,500 2016 96,000 35 33,600 2017 76,000 40 30,400 required: 1. prepare the journal entry to recognize the income tax benefit of the net operating loss. wynn elects the carryback option. 2. show the lower portion of the 2018 income statement that reports the income tax benefit of the net operating loss.

Electronics assembly inc. is a contract manufacturer that assembles consumer electronics for a number of companies. currently, the operations manager is assessing the capacity requirements as input into a bid for a job to assemble cell phones for a major global company. the company would assemble three models of cell phones in the same assembly cell. setup time between the phones is negligible. electronics assembly inc. operates two 8-hour shifts for 275 days per year. cell phone demand forecast (phones/year) processing time (minutes/phone) mars 47,000 19.8 saturn 35,000 20.7 neptune 7,500 16.2 a. calculate total capacity required by line. b. determine the total operating time available. c. calculate the total number of assembly cells. (round up your answer to the next whole number.)

Aborrower takes out a 30-year adjustable rate mortgage loan for $200,000 with monthly payments. the first two years of the loan have a "teaser" rate of 4%, after that, the rate can reset with a 5% annual payment cap. on the reset date, the composite rate is 6%. what would the year 3 monthly payment be?

Google started as one of many internet search engines, amazon started as an online book seller, and ebay began as a site where people could sell used personal items in auctions. these firms have grown to be so large and dominant that they are facing antitrust scrutiny from competition regulators in the us and elsewhere. did these online giants grow by fairly beating competition, or did they use unfair advantages? are there any clouds on the horizon for these firms -- could they face diseconomies of scale or diseconomies of scope as they continue to grow? if so, what factors may limit their continued growth?