Randolph company reported pretax net income from continuing operations of $997,000 and taxable income of $640,000. the book-tax difference of $357,000 was due to a $244,000 favorable temporary difference relating to depreciation, an unfavorable temporary difference of $136,000 due to an increase in the reserve for bad debts, and a $249,000 favorable permanent difference from the receipt of life insurance proceeds. randolph company’s applicable tax rate is 34 percent. a. compute randolph company’s current income tax expense. b. complete the reconciliation of randolph company’s effective tax rate with its hypothetical tax rate of 34 percentc. compute randolph company’s effective tax rate
d. compute randolph company’s deferred income tax expense or benefit.

Following is a list of various costs incurred in producing replacement automobile parts. with respect to the production and sale of these auto parts, classify each cost as either variable costs, fixed costs, or mixed costs. 1. oil used in manufacturing equipment 2. plastic 3. property taxes, $165,000 per year on factory building and equipment 4. salary of plant manager 5. cost of labor for hourly workers 6. packaging 7. factory cleaning costs, $6,000 per month 8. metal 9. rent on warehouse, $10,000 per month plus $25 per square foot of storage used 10. property insurance premiums, $3,600 per month plus $0.01 for each dollar of property over $1,200,000 11. straight-line depreciation on the production equipment 12. hourly wages of machine operators 13. electricity costs, $0.20 per kilowatt-hour 14. computer chip (purchased from a vendor) 15. pension cost, $1.00 per employee hour on the job

If the findings and the results are not presented properly, the research completed was a waste of time and money. true false

Jewelry manufacturers produce a range of products such as rings, necklaces, bracelets, and brooches. what fundamental economic question are they addressing by offering this range of items?