The following information relates to Jones Machinery for its first year of operations (data in millions of dollars):

Pretax accounting income: $230
Pretax accounting income included:
Overweight fines (not deductible for tax purposes) 10
Depreciation expense 73
Depreciation in the tax return using MACRS: 122

The applicable tax rate is 36%.

There are no other temporary or permanent differences. Jones's taxable income ($ in millions) is:

Krier industries has just completed its sales forecasts and its marketing department estimates that the company will sell 43,800 units during the upcoming year. in the past, management has maintained inventories of finished goods at approximately 3 months' sales. however, the estimated inventory at the start of the year of the budget period is only 7,300 units. sales occur evenly throughout the year. what is the estimated production level (units) for the first month of the upcoming budget year?