Universal mines inc. operates three mines in west virginia. the ore from each mine is separated into two grades before it is shipped. the daily production capacities of the three mines, as well as their daily operating costs, are as follows: high-grade ore, tons/day low-grade ore, tons/day operating cost in $/day mine i 4 4 20,000 mine ii 6 4 22,000 mine iii 1 6 18,000 universal has committed itself to deliver 54 tons of high-grade order and 65 tons of low-grade ore by the end of the week. universal can run its mines seven days a week if required. determine the number of days each mine should be operated during the upcoming week if universal mines is to fulfill its commitment at the minimum total cost. round the answers to two decimal places. a. the number of days mine i should operate = days b. the number of days mine ii should operate = days c. the number of days mine iii should operate = days d. the total cost of the operation for next week = $

Steffi is reviewing various licenses and their uses. match the licenses to their respective uses.

Bridgeport company began operations at the beginning of 2018. the following information pertains to this company. 1. pretax financial income for 2018 is $115,000. 2. the tax rate enacted for 2018 and future years is 40%. 3. differences between the 2018 income statement and tax return are listed below: (a) warranty expense accrued for financial reporting purposes amounts to $7,500. warranty deductions per the tax return amount to $2,200. (b) gross profit on construction contracts using the percentage-of-completion method per books amounts to $94,700. gross profit on construction contracts for tax purposes amounts to $67,100. (c) depreciation of property, plant, and equipment for financial reporting purposes amounts to $61,800. depreciation of these assets amounts to $75,700 for the tax return. (d) a $3,600 fine paid for violation of pollution laws was deducted in computing pretax financial income. (e) interest revenue recognized on an investment in tax-exempt municipal bonds amounts to $1,500. 4. taxable income is expected for the next few years. (assume (a) is short-term in nature; assume (b) and (c) are long-term in nature.) (a) prepare the reconciliation schedule for 2017 and future years. (b) prepare the journal entry to record income tax expense for 2017. (c) prepare the income tax expense section of the income statement beginning with “income before income taxes.” (d) determine how the deferred taxes will appear on the balance sheet at the end of 2017.

Two products, qi and vh, emerge from a joint process. product qi has been allocated $34,300 of the total joint costs of $55,000. a total of 2,900 units of product qi are produced from the joint process. product qi can be sold at the split-off point for $11 per unit, or it can be processed further for an additional total cost of $10,900 and then sold for $13 per unit. if product qi is processed further and sold, what would be the financial advantage (disadvantage) for the company compared with sale in its unprocessed form directly after the split-off point?