Noventis Corporation prepared the following estimates for the four quarters of the current year:
First Quarter Second Quarter Third Quarter Fourth Quarter
Sales $ 1,350,000 $ 1,620,000 $ 1,890,000 $ 2,160,000
Cost of goods sold 435,000 515,000 585,000 635,000
Administrative costs 320,000 190,000 195,000 205,000
Advertising costs 0 120,000 0 0
Executive bonuses 0 0 0 80,000
Provision for bad debts 0 0 0 66,000
Annual maintenance costs 74,000 0 0 0
Additional Information:
i. First-quarter administrative costs include the $170,000 annual insurance premium.
ii. Advertising costs paid in the second quarter relate to television advertisements that will be broadcast throughout the entire year.
iii. No special items affect income during the yealr.
iv. Noventis estimates an effective income tax rate for the year of 40 percent.
Required:
a) Assuming that actual results do not vary from the estimates provided, determine the amount of net income to be reported each quarter of the current year.
b) Assume that actual results do not vary from the estimates provided except for that in the third quarter, the estimated annual effective income tax rate is revised downward to 38 percent. Determine the amount of net income to be reported each quarter of the current year.

United continental holdings, inc., (ual), operates passenger service throughout the world. the following data (in millions) were adapted from a recent financial statement of united. sales (revenue) $38,901 average property, plant, and equipment 17,219 average intangible assets 8,883 1. compute the asset turnover. round your answer to two decimal places.

Why entrepreneurs start businesses. a) monopolistic competition b) perfect competition c) sole proprietorship d) profit motive

David burdick is the ceo of acme bubblegum, a successful public company. as one of the cofounders of the company, burdick has enjoyed speaking and writing about the success of acme bubblegum for several years. typically, he speaks at conferences or directly to the press, but recently, he has been blogging about his firm anonymously. specifically, he defended a recent advertising campaign that was unpopular among consumers and pointedly attacked one of acme bubblegum’s competitors. burdick deeply enjoys his anonymous blogging and believes that none of his readers actually know that he works for acme bubblegum. should burdick be allowed to praise his company’s performance anonymously online? should he be allowed to attack his competitors without disclosing his relationship with the company? how would you feel if the ceo of a company at which you shopped was secretly writing criticisms of his or her competition? how would you feel if you knew a writer for your favorite blog was actually closely involved in a company that the blog discussed? 1. define the ethical issue? 2. who are the primary stakeholders? 3. what are the possible alternatives? 4. how could you evaluate the ethical implications of the alternative actions (use appropriate decision rules)? 5. what action would you recommend and why?