For its first taxable year, rony inc.’s accounting records showed the following: operating loss per books $ (800,000 ) temporary book/tax difference 90,000 net operating loss for tax $ (710,000 ) for its second taxable year, rony inc.’s accounting records showed the following: net income before tax $ 1,200,000 reversal of year 1 book/tax difference (90,000 ) taxable income before nol deduction $ 1,110,000 nol deduction (710,000 ) taxable income $ 400,000 use a 21 percent rate to compute rony’s tax expense for financial statement purposes for the second tax year. use a 21 percent rate to compute rony’s tax payable for the second tax year. compute rony’s reduction in its deferred tax assets for the second tax year.

Asmartphone manufacturing company uses social media to achieve different business objectives. match each social media activity of the company to the objective it the company achieve.

Suppose that two firms produce differentiated products and compete in prices. as in class, the two firms are located at two ends of a line one mile apart. consumers are evenly distributed along the line. the firms have identical marginal cost, $60. firm b produces a product with value $110 to consumers.firm a (located at 0 on the unit line) produces a higher quality product with value $120 to consumers. the cost of travel are directly related to the distance a consumer travels to purchase a good. if a consumerhas to travel a mile to purchase a good, the incur a cost of $20. if they have to travel x fraction of a mile, they incur a cost of $20x. (a) write down the expressions for how much a consumer at location d would value the products sold by firms a and b, if they set prices p_{a} and p_{b} ? (b) based on your expressions in (a), how much will be demanded from each firm if prices p_{a} and p_{b} are set? (c) what are the nash equilibrium prices?

Bridge building company estimates that it will incur $1,200,000 in overhead costs for the year. additionally, the company estimates 50,000 direct labor hours will be spent building custom walking bridges for the year at a total direct labor cost of $600,000. what is the predetermined overhead rate for bridge building company if direct labor costs are to be used as an allocation base?