Becky shelton, a teacher at kemp middle school, is in charge of ordering the t-shirts to be sold for the school’s annual fund-raising project. the t-shirts are printed with a special kemp school logo. in some years, the supply of t-shirts has been insufficient to satisfy the number of sales orders. in other years, t-shirts have been left over. excess t-shirts are normally donated to some charitable organization. t-shirts cost the school $7 each and are normally sold for $14 each. ms. shelton has decided to order 830 shirts. required if the school receives actual sales orders for 760 shirts, what amount of profit will the school earn? what is the cost of waste due to excess inventory? if the school receives actual sales orders for 860 shirts, what amount of profit will the school earn? what amount of opportunity cost will the school incur?

Required prepare the necessary adjusting entries in the general journal as of december 31, assuming the following: on september 1, the company entered into a prepaid equipment maintenance contract. birch company paid $3,400 to cover maintenance service for six months, beginning september 1. the payment was debited to prepaid maintenance. supplies on hand at december 31 are $3,900. unearned commission fees at december 31 are $7,000. commission fees earned but not yet billed at december 31 are $3,500. (note: debit fees receivable.) birch company's lease calls for rent of $1,600 per month payable on the first of each month, plus an annual amount equal to 1% of annual commissions earned. this additional rent is payable on january 10 of the following year. (note: be sure to use the adjusted amount of commissions earned in computing the additional rent.)

Tom has brought $150,000 from his pension to a new job where his employer will match 401(k) contributions dollar for dollar. each year he contributes $3,000. after seven years, how much money would tom have in his 401(k)?

Coop inc. owns 40% of chicken inc., both coop and chicken are corporations. chicken pays coop a dividend of $10,000 in the current year. chicken also reports financial accounting earnings of $20,000 for that year. assume coop follows the general rule of accounting for investment in chicken. what is the amount and nature of the book-tax difference to coop associated with the dividend distribution (ignoring the dividends received deduction)?