Nash Corporation has one temporary difference at the end of 2020 that will reverse and cause taxable amounts of $49,800 in 2021, $54,700 in 2022, and $59,300 in 2023. Nash’s pretax financial income for 2020 is $285,000, and the tax rate is 30% for all years. There are no deferred taxes at the beginning of 2020.

(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.?

Cool beans is a locally owned coffee shop that competes with two large coffee chains, planeteuro and frothies. alicia, the owner, hired two students to count the number of customers that entered each of the coffee shops to estimate what percent of people who are interested in coffee are visiting each shop. after a week, the students found the following results: 589 visited cool beans, 839 visited planeteuro, and 1,290 visited frothies. the students were surprised that cool beans had 139 visits on monday which represented 59% of all people who visited one of the three coffee shops on mondays. how many people visited one of the three coffee shops during the week?

When the federal reserve buys and sells bonds to member banks, it is called a. monetary policy b. reserve ratio c. interest rate adjustment d. open market operations

The purpose of safety stock is to: a. eliminate the possibility of a stockout. b. control the likelihood of a stockout due to variable demand and/or lead time. c. eliminate the likelihood of a stockout due to erroneous inventory tally. d. protect the firm from a sudden decrease in demand. e. replace failed units with good ones.