Victor sells a line of upscale evening dresses in his boutique. he charges $300 per dress, and sales average 30 dresses per week. currently, victor orders a 10-week supply at one time from the manufacturer. he pays $150 per dress, and it takes 2 weeks to receive each delivery. victor estimates his administrative cost of placing each order at $225. because he estimates his cost of capital at 20%, each dollar's worth of idle inventory costs him $0.20 per year. victor's boutique sells 52 weeks in a year. q1. compute victor's total annual cost of purchasing, ordering and carrying

Suppose jamal purchases a pair of running shoes online for $60. if his state has a sales tax on clothing of 6 percent, how much is he required to pay in state sales tax?

Martinez company has the following two temporary differences between its income tax expense and income taxes payable. 2017 2018 2019 pretax financial income $873,000 $866,000 $947,000 (2017' 2018, 2019) excess depreciation expense on tax return (29,400 ) (39,000 ) (9,600 ) (2017' 2018, 2019) excess warranty expense in financial income 20,000 9,900 8,300 (2017' 2018, 2019) taxable income $863,600 $836,900 $945,700(2017' 2018, 2019) the income tax rate for all years is 40%. instructions: a. prepare the journal entry to record income tax expense, deferred income taxes, and income taxes payable for 2017, 2018, and 2019. b. assuming there were no temporary differences prior to 2016, indicate how deferred taxes will be reported on the 2016 balance sheet. button's warranty is for 12 months. c. prepare the income tax expense section of the income statement for 2017, beginning with the line, "pretax financial income."

The cost of direct labor used in production is recorded as a? a. credit to work-in-process inventory account. b. credit to wages payable. c. credit to manufacturing overhead account. d. credit to wages expense.