Nicole is a calendar-year taxpayer who accounts for her business using the cash method. on average, nicole sends out bills for about $12,000 of her services at the first of each month. the bills are due by the end of the month, and typically 70 percent of the bills are paid on time and 98 percent are paid within 60 days. a. suppose that nicole is expecting a 2 percent reduction in her marginal tax rate next year. ignoring the time value of money, estimate the tax savings for nicole if she postpones mailing the december bills until january 1 of next year. (assuming that the accounts remained collectible and that clients did not pay in advance).

Excel allows you to take a lot of data and organize it in one document. what are some of the features you can use to clarify, emphasize, and differentiate your data?

Walsh company manufactures and sells one product. the following information pertains to each of the company’s first two years of operations: variable costs per unit: manufacturing: direct materials $ 25 direct labor $ 12 variable manufacturing overhead $ 5 variable selling and administrative $ 4 fixed costs per year: fixed manufacturing overhead $ 400,000 fixed selling and administrative expenses $ 60,000 during its first year of operations, walsh produced 50,000 units and sold 40,000 units. during its second year of operations, it produced 40,000 units and sold 50,000 units. the selling price of the company’s product is $83 per unit. required: 1. assume the company uses variable costing: a. compute the unit product cost for year 1 and year 2. b. prepare an income statement for year 1 and year 2. 2. assume the company uses absorption costing: a. compute the unit product cost for year 1 and year 2. b. prepare an income statement for year 1 and year 2. 3. reconcile the difference between variable costing and absorption costing net operating income in year 1.

Which plan offers a tax-free education?